Meta Platforms, Inc. $META Shares Bought by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 64.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,343 shares of the social networking company’s stock after acquiring an additional 3,284 shares during the period. Meta Platforms makes up approximately 1.9% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 13th biggest position. Peregrine Asset Advisers Inc.’s holdings in Meta Platforms were worth $6,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. 1776 Wealth LLC lifted its holdings in Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after acquiring an additional 675 shares during the last quarter. Smart Money Group LLC lifted its holdings in Meta Platforms by 20.4% in the 1st quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after acquiring an additional 348 shares during the last quarter. Finally, Berbice Capital Management LLC boosted its position in shares of Meta Platforms by 4.3% during the 1st quarter. Berbice Capital Management LLC now owns 18,675 shares of the social networking company’s stock valued at $10,764,000 after purchasing an additional 770 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $726.25, for a total transaction of $376,923.75. Following the transaction, the insider owned 31,908 shares in the company, valued at approximately $23,173,185. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 44,421 shares of company stock worth $33,573,980. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Shares of META stock opened at $609.89 on Friday. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.35 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $716.58 and its 200-day simple moving average is $703.72.

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

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given 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 yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group increased their target price on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Benchmark lowered Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $825.00 target price (down from $900.00) on shares of Meta Platforms in a report 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.