E Fund Management Hong Kong Co. Ltd. Acquires 34 Shares of Meta Platforms, Inc. $META

E Fund Management Hong Kong Co. Ltd. raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.9% during the second quarter, HoldingsChannel.com reports. The fund owned 722 shares of the social networking company’s stock after buying an additional 34 shares during the quarter. Meta Platforms accounts for about 0.5% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 23rd biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Meta Platforms were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of META. Brighton Jones LLC grew its holdings in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Meta Platforms by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock worth $23,453,000 after acquiring an additional 5,829 shares during the last quarter. 1776 Wealth LLC raised its holdings in shares of Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after acquiring an additional 675 shares during the last quarter. Finally, Financial Perspectives Inc raised its holdings in shares of Meta Platforms by 3.0% in the 1st quarter. Financial Perspectives Inc now owns 4,212 shares of the social networking company’s stock worth $2,428,000 after acquiring an additional 122 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher K. Cox sold 60,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the sale, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock worth $164,933,323 over the last ninety days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $716.91 on Friday. The stock has a market cap of $1.80 trillion, a PE ratio of 25.96, a PEG ratio of 1.49 and a beta of 1.20. The company’s fifty day moving average is $746.75 and its 200 day moving average is $683.03. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter in the previous year, the company earned $5.16 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Meta Platforms from $811.00 to $837.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Truist Financial set a $880.00 price objective on shares of Meta Platforms in a research note on Thursday, September 18th. Morgan Stanley raised their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Mizuho set a $925.00 price target on shares of Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, UBS Group raised their price target on shares of Meta Platforms from $897.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Meta Platforms 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.