Genus Capital Management Inc. Has $6.72 Million Stake in Meta Platforms, Inc. $META

Genus Capital Management Inc. lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,098 shares of the social networking company’s stock after selling 1,468 shares during the quarter. Genus Capital Management Inc.’s holdings in Meta Platforms were worth $6,715,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC raised its holdings in shares of Meta Platforms by 237.5% during the second 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 during the period. Briaud Financial Planning Inc bought a new stake in Meta Platforms in the 2nd quarter valued at $42,000. WFA Asset Management Corp boosted its stake in Meta Platforms by 42.6% in 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 period. Finally, Maseco LLP bought a new position in Meta Platforms during the 2nd quarter worth about $54,000. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale 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 firm’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 sale, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 44,421 shares of company stock worth $33,573,980. Company insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on META. Piper Sandler cut their price target on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Loop Capital restated a “buy” rating and issued a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Meta Platforms in a report on Thursday. Finally, Guggenheim reissued a “buy” rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Trading Down 0.1%

NASDAQ META opened at $609.46 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month 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 has a 50 day moving average of $713.72 and a 200-day moving average of $705.18. The company has a market cap of $1.54 trillion, a PE ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly 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. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period in the prior year, the firm posted $6.03 earnings per share. The company’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, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal 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 paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

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.