Meta Platforms, Inc. $META Stock Position Decreased by Fire Capital Management LLC

Fire Capital Management LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 25.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,189 shares of the social networking company’s stock after selling 414 shares during the period. Fire Capital Management LLC’s holdings in Meta Platforms were worth $878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of META. Biltmore Family Office LLC boosted its stake in Meta Platforms by 2.2% in the second quarter. Biltmore Family Office LLC now owns 3,321 shares of the social networking company’s stock valued at $2,451,000 after acquiring an additional 71 shares during the period. Auto Owners Insurance Co lifted its holdings in shares of Meta Platforms by 420.0% in the 2nd quarter. Auto Owners Insurance Co now owns 170,300 shares of the social networking company’s stock worth $125,697,000 after purchasing an additional 137,550 shares during the last quarter. SwitchPoint Financial Planning LLC boosted its position in Meta Platforms by 8.4% during the 2nd quarter. SwitchPoint Financial Planning LLC now owns 413 shares of the social networking company’s stock valued at $305,000 after purchasing an additional 32 shares during the period. General American Investors Co. Inc. grew its stake in Meta Platforms by 18.5% during the 2nd quarter. General American Investors Co. Inc. now owns 32,000 shares of the social networking company’s stock worth $23,619,000 after buying an additional 5,000 shares during the last quarter. Finally, Fairfield Financial Advisors LTD increased its position in Meta Platforms by 50.0% in the second quarter. Fairfield Financial Advisors LTD now owns 2,743 shares of the social networking company’s stock worth $2,025,000 after buying an additional 914 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 2,612 shares of Meta Platforms stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $782.13, for a total transaction of $2,042,923.56. Following the completion of the transaction, the chief operating officer owned 7,609 shares in the company, valued at approximately $5,951,227.17. This trade represents a 25.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 75,798 shares of company stock worth $58,347,026. Company insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

META has been the subject of several analyst reports. Mizuho reduced their price target on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Zacks Research raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Jefferies Financial Group cut their price target on Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Stock Performance

META opened at $621.71 on Friday. The business has a 50 day moving average price of $726.22 and a two-hundred day moving average price of $702.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.38 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.

Meta Platforms (NASDAQ:META) last posted 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. The company had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. 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 presently 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.