Westfield Capital Management Co. LP Has $633.58 Million Stake in Meta Platforms, Inc. $META

Westfield Capital Management Co. LP decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 858,402 shares of the social networking company’s stock after selling 40,136 shares during the period. Meta Platforms accounts for about 2.7% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 7th largest holding. Westfield Capital Management Co. LP’s holdings in Meta Platforms were worth $633,578,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PKS Advisory Services LLC boosted its stake in Meta Platforms by 1.0% during the second quarter. PKS Advisory Services LLC now owns 4,230 shares of the social networking company’s stock valued at $3,122,000 after buying an additional 40 shares in the last quarter. GDS Wealth Management raised its position in Meta Platforms by 4.1% in the second quarter. GDS Wealth Management now owns 28,420 shares of the social networking company’s stock worth $20,977,000 after acquiring an additional 1,108 shares in the last quarter. Real Talk Capital LLC lifted its holdings in Meta Platforms by 1.4% in the 2nd quarter. Real Talk Capital LLC now owns 1,415 shares of the social networking company’s stock valued at $1,045,000 after acquiring an additional 20 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in Meta Platforms by 19.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,027,082 shares of the social networking company’s stock valued at $2,234,259,000 after acquiring an additional 486,401 shares during the last quarter. Finally, Quilter Plc boosted its position in shares of Meta Platforms by 10.1% during the 2nd quarter. Quilter Plc now owns 231,254 shares of the social networking company’s stock valued at $170,686,000 after purchasing an additional 21,240 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $647.48 on Friday. The company’s fifty day moving average is $683.38 and its two-hundred day moving average is $706.23. 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 company has a market cap of $1.63 trillion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter last year, the firm posted $6.03 earnings per share. Meta Platforms’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 6,875 shares of the company’s stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $4,190,037.50. Following the transaction, the chief financial officer owned 88,370 shares in the company, valued at $53,857,980.20. This represents a 7.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Kimmitt sold 600 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 7,347 shares of the company’s stock, valued at $4,476,894.45. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,959 shares of company stock worth $26,759,811. Company insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on META. Jefferies Financial Group dropped their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a report on Tuesday. Piper Sandler reduced their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Erste Group Bank cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $823.93.

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.