SP Asset Management LLC Decreases Holdings in Meta Platforms, Inc. $META

SP Asset Management LLC reduced its position in Meta Platforms, Inc. (NASDAQ:META) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 344,669 shares of the social networking company’s stock after selling 23,918 shares during the period. Meta Platforms accounts for approximately 21.0% of SP Asset Management LLC’s investment portfolio, making the stock its largest holding. SP Asset Management LLC’s holdings in Meta Platforms were worth $254,397,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Blue Investment Partners LLC boosted its holdings in Meta Platforms by 4.9% in the second quarter. Blue Investment Partners LLC now owns 18,168 shares of the social networking company’s stock valued at $13,410,000 after acquiring an additional 848 shares during the last quarter. ROI Financial Advisors LLC lifted its position in Meta Platforms by 45.8% during the 2nd quarter. ROI Financial Advisors LLC now owns 1,388 shares of the social networking company’s stock valued at $1,024,000 after purchasing an additional 436 shares during the period. Convergence Financial LLC lifted its position in Meta Platforms by 7.6% during the 2nd quarter. Convergence Financial LLC now owns 6,920 shares of the social networking company’s stock valued at $5,108,000 after purchasing an additional 486 shares during the period. Entrewealth LLC bought a new position in shares of Meta Platforms in the 2nd quarter valued at about $207,000. Finally, First Horizon Advisors Inc. grew its position in shares of Meta Platforms by 1.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 37,699 shares of the social networking company’s stock worth $27,826,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META stock opened at $609.46 on Monday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a fifty day moving average of $713.72 and a 200-day moving average of $706.28. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.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 business posted $6.03 EPS. The firm’s 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 forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider directly owned 30,870 shares of the company’s stock, valued at approximately $23,682,229.20. This represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 13,359 shares of company stock valued at $9,689,566. 13.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on META. Erste Group Bank downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Benchmark lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. Truist Financial dropped their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Loop Capital reaffirmed a “buy” rating and set a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Company 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.