Meta Platforms, Inc. $META is Shorepath Capital Management LLC’s 2nd Largest Position

Shorepath Capital Management LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.9% during the 2nd quarter, Holdings Channel reports. The fund owned 18,671 shares of the social networking company’s stock after selling 552 shares during the period. Meta Platforms comprises about 11.4% of Shorepath Capital Management LLC’s portfolio, making the stock its 2nd largest position. Shorepath Capital Management LLC’s holdings in Meta Platforms were worth $13,781,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms during the first quarter worth $33,000. Evergreen Private Wealth LLC raised its position in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms in the 2nd quarter worth $42,000. WFA Asset Management Corp lifted its stake in shares of Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new stake in Meta Platforms during the second quarter valued at about $54,000. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several analyst reports. Scotiabank increased their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. The Goldman Sachs Group reissued a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Citigroup lowered their target price on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $825.00 price objective (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Trading Up 0.4%

NASDAQ:META opened at $621.71 on Monday. The company has a market capitalization of $1.57 trillion, a P/E ratio of 27.46, a PEG ratio of 1.38 and a beta of 1.20. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a fifty day simple moving average of $726.22 and a 200-day simple moving average of $703.79.

Meta Platforms (NASDAQ:META) last issued 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 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 analyst estimates of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. The firm’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, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors 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 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $628.00, for a total value of $325,932.00. Following the sale, the insider directly owned 27,237 shares of the company’s stock, valued at $17,104,836. This represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s 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 transaction, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 75,281 shares of company stock worth $57,948,936 over the last quarter. Insiders own 13.61% of the company’s stock.

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.