Meridian Management Co. Has $6.73 Million Stake in Meta Platforms, Inc. $META

Meridian Management Co. reduced its stake in Meta Platforms, Inc. by 14.9% in Q2, holding 8,699 shares valued at $6.73 million. Other hedge funds also adjusted their positions in META. The stock opened at $609.01, with a 52-week range of $479.80 to $796.25. Meta reported Q3 earnings of $7.25 EPS, exceeding estimates, and declared a quarterly dividend of $0.525. Analysts maintain a positive outlook, with price targets ranging from $825 to $900.

Meridian Management Co. lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,699 shares of the social networking company's stock after selling 1,524 shares during the period. Meta Platforms makes up approximately 1.8% of Meridian Management Co.'s holdings, making the stock its 13th largest position. Meridian Management Co.'s holdings in Meta Platforms were worth $6,728,000 at the end of the most recent quarter.

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Several other hedge funds have also recently added to or reduced their stakes in META. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Meta Platforms by 0.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company's stock worth $2,587,000 after acquiring an additional 13 shares during the period. Pachira Investments Inc. increased its holdings in shares of Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after purchasing an additional 14 shares during the period. Hemington Wealth Management raised its position in shares of Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company's stock valued at $1,641,000 after buying an additional 14 shares during the last quarter. Myecfo LLC raised its position in shares of Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after buying an additional 15 shares during the last quarter. Finally, Shelton Wealth Management LLC lifted its stake in shares of Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after buying an additional 15 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of META stock opened at $609.01 on Thursday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a market capitalization of $1.54 trillion, a PE ratio of 26.90, a PEG ratio of 1.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The stock's fifty day moving average is $719.36 and its 200-day moving average is $704.38.

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Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) 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 company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period in the prior year, the business earned $6.03 earnings per share. Meta Platforms's quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 9.28%.

Wall Street Analysts Forecast Growth

After 16% Fall, Analysts Eye a Big Recovery in Meta Platforms

A number of analysts have recently issued reports on META shares. Raymond James Financial restated a "strong-buy" rating and set a $825.00 price objective (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Canaccord Genuity Group reissued a "buy" rating and issued a $900.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Citizens Jmp increased their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Truist Financial reduced their price objective on shares of Meta Platforms from $900.00 to $875.00 and set a "buy" rating for the company in a report on Thursday, October 30th. Finally, DA Davidson set a $825.00 target price on shares of Meta Platforms in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $827.60.

Read Our Latest Analysis on META

Insider Buying and Selling

In other news, 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 transaction of $326,227.00. Following the transaction, the chief operating officer directly owned 6,924 shares of the company's stock, valued at $4,369,044. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 516 shares of the business's stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $325,596.00. Following the completion of the transaction, the insider directly owned 26,721 shares of the company's stock, valued at approximately $16,860,951. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 59,430 shares of company stock valued at $45,313,988 over the last three months. Company insiders own 13.61% of the company's stock.

Meta Platforms Company Profile

(Free Report)

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.

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