Meta Platforms, Inc. $META Stake Raised by Telemark Asset Management LLC

Telemark Asset Management LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 71.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the social networking company’s stock after buying an additional 25,000 shares during the quarter. Meta Platforms comprises approximately 4.0% of Telemark Asset Management LLC’s investment portfolio, making the stock its 4th largest holding. Telemark Asset Management LLC’s holdings in Meta Platforms were worth $44,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evergreen Private Wealth LLC lifted its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the period. Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms during the 2nd quarter valued at about $42,000. WFA Asset Management Corp lifted its holdings in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares during the period. Maseco LLP purchased a new stake in shares of Meta Platforms in the second quarter worth about $54,000. Finally, eCIO Inc. acquired a new stake in Meta Platforms during the first quarter worth about $58,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Up 2.2%

Shares of META opened at $647.48 on Monday. The company’s 50-day moving average price is $683.38 and its 200 day moving average price is $706.56. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.63 trillion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28.

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

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. KeyCorp decreased their price target on Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Loop Capital restated a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Rosenblatt Securities upped their price objective on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $823.93.

Insider Activity

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $624.14, for a total transaction of $323,928.66. Following the sale, the insider directly owned 31,253 shares in the company, valued at $19,506,247.42. This represents a 1.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Kimmitt sold 600 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $609.35, for a total value of $365,610.00. Following the sale, the director directly owned 7,347 shares in the company, valued at $4,476,894.45. This represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,959 shares of company stock worth $26,759,811 over the last 90 days. Company insiders own 13.61% of the company’s stock.

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.