MMA Asset Management LLC Acquires 363 Shares of Meta Platforms, Inc. $META

MMA Asset Management LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 57.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 999 shares of the social networking company’s stock after acquiring an additional 363 shares during the quarter. MMA Asset Management LLC’s holdings in Meta Platforms were worth $737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Csenge Advisory Group increased its position in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after purchasing an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC lifted its stake in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $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 worth $284,000. Infusive Asset Management Inc. grew its holdings in Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after buying an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its stake in Meta Platforms by 2.7% during the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock valued at $3,011,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $609.01 on Thursday. The firm’s 50 day moving average price is $719.36 and its 200-day moving average price is $704.38. The stock has a market capitalization of $1.54 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data 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. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the previous year, the company posted $6.03 EPS. The firm’s 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 year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the 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 approximately $5,697,760.59. This represents a 5.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 516 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $631.00, for a total transaction of $325,596.00. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 59,430 shares of company stock valued at $45,313,988 over the last ninety days. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Oppenheimer cut Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Pivotal Research lifted their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wedbush reiterated an “outperform” rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Scotiabank lifted their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Meta Platforms currently has an average 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.