Assetmark Inc. Has $623.65 Million Position in Meta Platforms, Inc. $META

Assetmark Inc. lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 844,946 shares of the social networking company’s stock after acquiring an additional 30,534 shares during the quarter. Meta Platforms makes up 1.5% of Assetmark Inc.’s portfolio, making the stock its 11th biggest holding. Assetmark Inc.’s holdings in Meta Platforms were worth $623,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keybank National Association OH increased its position in Meta Platforms by 2.8% in the 2nd quarter. Keybank National Association OH now owns 114,239 shares of the social networking company’s stock worth $84,319,000 after purchasing an additional 3,069 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in Meta Platforms by 4.4% in the second quarter. HBK Sorce Advisory LLC now owns 21,075 shares of the social networking company’s stock worth $15,555,000 after buying an additional 888 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in Meta Platforms by 4.0% during the second quarter. Premier Path Wealth Partners LLC now owns 15,256 shares of the social networking company’s stock valued at $11,260,000 after acquiring an additional 593 shares in the last quarter. Hantz Financial Services Inc. raised its position in Meta Platforms by 18.1% during the second quarter. Hantz Financial Services Inc. now owns 53,045 shares of the social networking company’s stock valued at $39,152,000 after acquiring an additional 8,148 shares in the last quarter. Finally, Buck Wealth Strategies LLC lifted its stake in Meta Platforms by 57.0% in the second quarter. Buck Wealth Strategies LLC now owns 1,386 shares of the social networking company’s stock valued at $1,023,000 after acquiring an additional 503 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $402,225.00. Following the sale, the insider directly owned 32,946 shares of the company’s stock, valued at $25,533,150. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s 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 transaction, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,281 shares of company stock valued at $57,948,936 in the last three months. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Up 0.4%

Shares of META stock opened at $621.71 on Monday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.57 trillion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The stock has a 50 day moving average of $726.22 and a 200-day moving average of $703.79.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data 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. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter last year, the company posted $6.03 earnings per share. Meta Platforms’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 analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on META. DA Davidson set a $825.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Jefferies Financial Group lowered their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Pivotal Research boosted their price target on Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $900.00 price objective on shares of Meta Platforms in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

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.