Meta Platforms, Inc. $META Shares Bought by Milestone Asset Management LLC

Milestone Asset Management LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 70.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,977 shares of the social networking company’s stock after purchasing an additional 2,462 shares during the period. Meta Platforms accounts for about 0.9% of Milestone Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding. Milestone Asset Management LLC’s holdings in Meta Platforms were worth $4,412,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Evergreen Private Wealth LLC raised its position in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms in the 1st quarter valued at about $33,000. Briaud Financial Planning Inc acquired a new stake in shares of Meta Platforms in the second quarter valued at about $42,000. WFA Asset Management Corp lifted its stake in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the period. Finally, Maseco LLP acquired a new position in Meta Platforms during the second quarter worth about $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 0.1%

Meta Platforms stock opened at $609.46 on Friday. The stock has a 50-day moving average price of $713.72 and a 200 day moving average price of $704.14. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a market cap of $1.54 trillion, a PE ratio of 26.92, a P/E/G ratio of 1.35 and a beta of 1.20. 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 (NASDAQ:META) last released its earnings results 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. The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal 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 dividend of $0.525 per share. 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 (DPR) is 9.28%.

Insider Buying and Selling

In other news, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director owned 7,947 shares in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $326,227.00. Following the completion of the sale, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. This represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 44,421 shares of company stock worth $33,573,980. 13.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citizens Jmp lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Monness Crespi & Hardt reduced their price objective on Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Cantor Fitzgerald lowered their target price on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Truist Financial cut their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Piper Sandler lowered their price objective on shares of Meta Platforms from $880.00 to $840.00 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-seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

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.