Meta Platforms, Inc. $META Stock Holdings Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.6% in the second quarter, Holdings Channel.com reports. The fund owned 1,033,530 shares of the social networking company’s stock after acquiring an additional 54,963 shares during the quarter. Meta Platforms comprises 2.7% of Handelsbanken Fonder AB’s portfolio, making the stock its 5th biggest holding. Handelsbanken Fonder AB’s holdings in Meta Platforms were worth $762,838,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Meta Platforms by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock valued at $142,149,566,000 after buying an additional 1,532,568 shares during the period. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the period. Geode Capital Management LLC grew its stake in Meta Platforms by 1.3% in the second quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company’s stock worth $37,902,948,000 after purchasing an additional 682,768 shares in the last quarter. Invesco Ltd. increased its holdings in Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after purchasing an additional 400,927 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the topic of a number of recent research reports. DA Davidson set a $825.00 price target on Meta Platforms in a research report on Thursday, October 30th. Piper Sandler dropped their target price on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Citigroup lowered their price target on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Rosenblatt Securities lifted their price objective on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company lowered their target price on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $823.93.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 2,610 shares of the company’s stock in a transaction on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the sale, the chief operating officer directly owned 9,784 shares of the company’s stock, valued at approximately $5,962,956.64. This represents a 21.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Andrew Bosworth sold 11,690 shares of Meta Platforms stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total value of $6,935,793.90. Following the transaction, the chief technology officer owned 2,415 shares of the company’s stock, valued at $1,432,843.65. The trade was a 82.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,959 shares of company stock worth $26,759,811 in the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Up 2.2%

NASDAQ:META opened at $647.48 on Monday. The company has a market capitalization of $1.63 trillion, a P/E ratio of 28.60, a PEG ratio of 1.36 and a beta of 1.28. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a fifty day simple moving average of $683.38 and a 200-day simple moving average of $706.56.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.