Envestnet Asset Management Inc. Acquires 326,890 Shares of Meta Platforms, Inc. $META

Envestnet Asset Management Inc. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 12.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,880,603 shares of the social networking company’s stock after purchasing an additional 326,890 shares during the period. Meta Platforms makes up approximately 0.6% of Envestnet Asset Management Inc.’s holdings, making the stock its 27th largest position. Envestnet Asset Management Inc.’s holdings in Meta Platforms were worth $2,126,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the first quarter worth $33,000. Evergreen Private Wealth LLC boosted its stake in 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 purchasing an additional 38 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in Meta Platforms during the 2nd quarter valued at about $42,000. WFA Asset Management Corp increased its stake in Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new position in Meta Platforms in the second quarter worth about $54,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Cantor Fitzgerald cut their target price on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Barclays reduced their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Benchmark downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Piper Sandler dropped their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 2,612 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $782.13, for a total value of $2,042,923.56. Following the completion of the sale, the chief operating officer directly owned 7,609 shares in the company, valued at $5,951,227.17. This represents a 25.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction 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 transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 75,798 shares of company stock worth $58,347,026. Insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 2.7%

Meta Platforms stock opened at $618.94 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a fifty day moving average of $728.56 and a 200 day moving average of $700.16. 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 has a market cap of $1.55 trillion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The business had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period last year, the firm posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced 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. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 9.28%.

About Meta Platforms

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.