Evelyn Partners Asset Management Ltd Purchases 929 Shares of Meta Platforms, Inc. $META

Evelyn Partners Asset Management Ltd boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 28.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,207 shares of the social networking company’s stock after acquiring an additional 929 shares during the period. Meta Platforms accounts for 0.8% of Evelyn Partners Asset Management Ltd’s investment portfolio, making the stock its 22nd biggest position. Evelyn Partners Asset Management Ltd’s holdings in Meta Platforms were worth $3,105,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

META has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $900.00 price objective on shares of Meta Platforms in a research report on Thursday, October 30th. Monness Crespi & Hardt reduced their price target on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Zacks Research lowered shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Rosenblatt Securities lifted their price objective on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company decreased their target price on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $823.93.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,690 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the sale, the chief technology officer owned 2,415 shares in the company, valued at $1,432,843.65. This represents a 82.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $624.14, for a total transaction of $323,928.66. Following the completion of the transaction, the insider owned 31,253 shares of the company’s stock, valued at approximately $19,506,247.42. The trade was a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,923 shares of company stock worth $26,007,416 in the last ninety days. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Shares of META opened at $640.87 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.62 trillion, a P/E ratio of 28.31, a P/E/G ratio of 1.36 and a beta of 1.28. The business’s 50 day moving average price is $680.90 and its 200-day moving average price is $706.54. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating 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 business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the previous year, the business earned $6.03 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid 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 payout ratio is presently 9.28%.

Meta Platforms Company Profile

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.