Freemont Management S.A. Purchases 4,000 Shares of Meta Platforms, Inc. $META

Freemont Management S.A. increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 30.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,000 shares of the social networking company’s stock after acquiring an additional 4,000 shares during the period. Meta Platforms comprises approximately 1.9% of Freemont Management S.A.’s portfolio, making the stock its 16th biggest holding. Freemont Management S.A.’s holdings in Meta Platforms were worth $12,548,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Csenge Advisory Group boosted its stake in Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. ARQ Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. bought a new position in shares of Meta Platforms in the first quarter valued at approximately $284,000. Infusive Asset Management Inc. grew its stake in Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC increased its holdings in Meta Platforms by 2.7% during the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after acquiring an additional 109 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on META. Barclays cut their price target on shares of Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Cantor Fitzgerald dropped their price objective on Meta Platforms from $830.00 to $720.00 and set an “overweight” rating for the company in a research note on Wednesday. HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and upped their target price for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Citigroup dropped their price target on Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $825.00 price objective (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $825.05.

Meta Platforms Price Performance

META stock opened at $590.32 on Thursday. The firm has a market cap of $1.49 trillion, a P/E ratio of 26.07, a P/E/G ratio of 1.25 and a beta of 1.20. The firm’s fifty day moving average is $704.12 and its 200 day moving average is $705.68. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $49.34 billion. During the same period in the prior year, the business posted $6.03 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts predict 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. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 5,063 shares of the business’s stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $3,085,695.98. Following the completion of the sale, the chief technology officer owned 6,936 shares in the company, valued at approximately $4,227,214.56. The trade was a 42.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total value of $398,156.04. Following the sale, the insider directly owned 30,870 shares of the company’s stock, valued at approximately $23,682,229.20. This trade represents a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 29,024 shares of company stock worth $19,233,987. 13.61% of the stock is currently owned by corporate insiders.

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.