J.Safra Asset Management Corp Acquires 801 Shares of Meta Platforms, Inc. $META

J.Safra Asset Management Corp raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 17.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,453 shares of the social networking company’s stock after purchasing an additional 801 shares during the quarter. Meta Platforms accounts for approximately 0.3% of J.Safra Asset Management Corp’s portfolio, making the stock its 28th largest position. J.Safra Asset Management Corp’s holdings in Meta Platforms were worth $4,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kingstone Capital Partners Texas LLC increased its stake 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 valued at $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Invesco Ltd. grew its stake in shares of Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after acquiring an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Meta Platforms by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock worth $7,229,553,000 after acquiring an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock worth $5,787,329,000 after acquiring an additional 247,850 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on META. Morgan Stanley upped their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Royal Bank Of Canada upped their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Scotiabank upped their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Canaccord Genuity Group upped their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Citizens Jmp upped their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $829.66.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the sale, the insider directly owned 28,275 shares of the company’s stock, valued at $20,820,861.75. This represents a 1.80% 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 the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer directly owned 8,475 shares in the company, valued at approximately $6,113,017.50. This trade represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 over the last three months. 13.61% of the stock is currently owned by insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $738.36 on Friday. The company’s 50-day moving average is $742.11 and its 200 day moving average is $690.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share 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 issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.60%.

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.