Broad Peak Investment Advisers Pte Ltd Takes $47.24 Million Position in Meta Platforms, Inc. $META

Broad Peak Investment Advisers Pte Ltd acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,000 shares of the social networking company’s stock, valued at approximately $47,238,000. Meta Platforms makes up approximately 14.7% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 3rd biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Jag Capital Management LLC increased its holdings in shares of Meta Platforms by 6.0% during the second quarter. Jag Capital Management LLC now owns 77,788 shares of the social networking company’s stock valued at $57,415,000 after acquiring an additional 4,385 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in Meta Platforms by 4.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 18,995 shares of the social networking company’s stock worth $14,020,000 after buying an additional 882 shares during the period. Kellett Wealth Advisors LLC acquired a new position in Meta Platforms in the 2nd quarter worth approximately $320,000. Community Bank N.A. increased its holdings in Meta Platforms by 8.9% in the 2nd quarter. Community Bank N.A. now owns 305 shares of the social networking company’s stock worth $225,000 after buying an additional 25 shares during the period. Finally, NorthRock Partners LLC increased its holdings in Meta Platforms by 7.0% in the 2nd quarter. NorthRock Partners LLC now owns 34,417 shares of the social networking company’s stock worth $25,403,000 after buying an additional 2,244 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.1%

Shares of NASDAQ:META opened at $734.00 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.53 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 business’s 50 day moving average price is $743.05 and its 200-day moving average price is $688.52.

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

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. 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 7.60%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Canaccord Genuity Group increased their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Finally, Citizens Jmp increased their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Buy” and a consensus price target of $829.66.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $769.38, for a total value of $12,192,364.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,182 shares of company stock worth $164,951,541. Company insiders own 13.61% of the company’s stock.

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.