Connable Office Inc. Grows Holdings in Meta Platforms, Inc. $META

Connable Office Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,553 shares of the social networking company’s stock after purchasing an additional 677 shares during the period. Meta Platforms makes up 0.6% of Connable Office Inc.’s investment portfolio, making the stock its 26th largest holding. Connable Office Inc.’s holdings in Meta Platforms were worth $5,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in META. Brighton Jones LLC raised its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the period. 1776 Wealth LLC raised its stake in shares of Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after purchasing an additional 675 shares during the last quarter. Smart Money Group LLC lifted its holdings in shares of Meta Platforms by 20.4% during the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock worth $1,182,000 after purchasing an additional 348 shares during the period. Finally, Berbice Capital Management LLC lifted its holdings in shares of Meta Platforms by 4.3% during the first quarter. Berbice Capital Management LLC now owns 18,675 shares of the social networking company’s stock worth $10,764,000 after purchasing an additional 770 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on META shares. 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. Benchmark lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, October 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $870.00 price objective (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Erste Group Bank lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank Of Canada dropped their target price on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Trading Up 0.1%

Shares of Meta Platforms stock opened at $609.89 on Friday. The company has a 50-day moving average of $716.58 and a two-hundred day moving average of $703.72. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.54 trillion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the prior year, the firm posted $6.03 EPS. The company’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal 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 paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is 9.28%.

Insider Buying and Selling

In related news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $326,227.00. Following the sale, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. This represents a 6.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Newstead sold 516 shares of Meta Platforms stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $631.00, for a total transaction of $325,596.00. Following the transaction, the insider owned 26,721 shares of the company’s stock, valued at approximately $16,860,951. The trade was a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,421 shares of company stock worth $33,573,980 in the last three months. Corporate 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.