Purkiss Capital Advisors LLC Boosts Stake in Meta Platforms, Inc. $META

Purkiss Capital Advisors LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 175.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,213 shares of the social networking company’s stock after purchasing an additional 1,411 shares during the period. Meta Platforms comprises about 0.9% of Purkiss Capital Advisors LLC’s portfolio, making the stock its 24th largest holding. Purkiss Capital Advisors LLC’s holdings in Meta Platforms were worth $1,634,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of META. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter valued at $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 during the period. Briaud Financial Planning Inc acquired a new stake in Meta Platforms in the 2nd quarter valued at about $42,000. WFA Asset Management Corp raised its position in Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new position in shares of Meta Platforms during the second quarter worth about $54,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $656.00, for a total value of $339,152.00. Following the completion of the sale, the chief operating officer owned 7,441 shares of the company’s stock, valued at $4,881,296. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $628.00, for a total transaction of $325,932.00. Following the transaction, the insider directly owned 27,237 shares in the company, valued at $17,104,836. The trade was a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 75,798 shares of company stock worth $58,347,026. 13.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Benchmark cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. Rosenblatt Securities raised their price target on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Bank of America cut their target price on Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Stifel Nicolaus decreased their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Stock Performance

Shares of META opened at $621.71 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The business’s fifty day moving average price is $726.22 and its 200 day moving average price is $701.11. The stock has a market capitalization of $1.56 trillion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.37 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 earnings per share for the quarter, beating 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 firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same period last year, the firm 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. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. 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 dividend payout ratio (DPR) is presently 9.28%.

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.