Tobam Sells 264 Shares of Meta Platforms, Inc. $META

Tobam cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 28.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 648 shares of the social networking company’s stock after selling 264 shares during the period. Tobam’s holdings in Meta Platforms were worth $478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Meta Platforms by 0.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock worth $2,587,000 after purchasing an additional 13 shares during the last quarter. Pachira Investments Inc. boosted its position in shares of Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after buying an additional 14 shares during the last quarter. Hemington Wealth Management grew its holdings in Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after buying an additional 14 shares in the last quarter. Myecfo LLC grew its holdings in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after buying an additional 15 shares in the last quarter. Finally, Shelton Wealth Management LLC raised its position in Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on META shares. Royal Bank Of Canada cut their price objective on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Bank of America dropped their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and set a $900.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. JMP Securities upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus decreased their price objective on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $825.05.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 6,875 shares of the stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the completion of the transaction, the chief financial officer owned 88,370 shares in the company, valued at $53,857,980.20. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Kimmitt sold 600 shares of Meta Platforms stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $609.35, for a total transaction of $365,610.00. Following the completion of the transaction, the director owned 7,347 shares of the company’s stock, valued at $4,476,894.45. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,959 shares of company stock worth $26,906,323 in the last three months. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Up 0.9%

META opened at $594.25 on Friday. 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 stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.24 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company’s 50-day moving average price is $697.66 and its two-hundred day moving average price is $705.66.

Meta Platforms (NASDAQ:META) last issued 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 company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 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.