E Fund Management Hong Kong Co. Ltd. Has $533,000 Stock Position in Meta Platforms, Inc. $META

E Fund Management Hong Kong Co. Ltd. grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 722 shares of the social networking company’s stock after purchasing an additional 34 shares during the quarter. Meta Platforms comprises approximately 0.5% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 23rd largest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Meta Platforms were worth $533,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the 1st quarter worth about $33,000. Evergreen Private Wealth LLC increased its holdings in Meta Platforms by 237.5% during 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. Finally, JCIC Asset Management Inc. increased its holdings in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.7%

Shares of META opened at $716.91 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.80 trillion, a P/E ratio of 25.96, a P/E/G ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a 50 day simple moving average of $746.75 and a two-hundred day simple moving average of $683.03.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared 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 dividend payout ratio is 7.60%.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,933,323 over the last three months. 13.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on META shares. TD Cowen raised their price objective on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Bank of America raised their price objective on Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Citizens Jmp lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Roth Capital lifted their price target on Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their price objective on Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $830.68.

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.