Tobam Reduces Stake in Meta Platforms, Inc. $META

Tobam lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 28.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 648 shares of the social networking company’s stock after selling 264 shares during the quarter. Tobam’s holdings in Meta Platforms were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of META. Kingstone Capital Partners Texas LLC increased its holdings in Meta Platforms by 608,429.2% during 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 acquiring an additional 59,766,000 shares during the period. Nuveen LLC purchased a new position in shares of Meta Platforms during the 1st quarter valued at $2,990,544,000. Amundi grew its position in shares of Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 purchasing an additional 1,255,546 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Meta Platforms in the first quarter worth $571,086,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Up 0.9%

Shares of META opened at $594.25 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a 50 day simple moving average of $697.66 and a two-hundred day simple moving average of $705.66. The firm has a market cap of $1.50 trillion, a P/E ratio of 26.25, a P/E/G ratio of 1.24 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping 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 firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period in the previous year, the business posted $6.03 EPS. The business’s quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 6,875 shares of Meta Platforms 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 $4,190,037.50. Following the transaction, the chief financial officer directly owned 88,370 shares of the company’s stock, valued at $53,857,980.20. The trade was a 7.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 2,610 shares of the stock in a transaction that occurred on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the sale, the chief operating officer directly owned 9,784 shares of the company’s stock, valued at approximately $5,962,956.64. This trade represents a 21.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 41,959 shares of company stock valued at $26,906,323. 13.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group boosted their target price on Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Benchmark lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. JMP Securities upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Mizuho lowered their target price on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, DA Davidson set a $825.00 price target on shares of Meta Platforms in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $825.05.

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.