Meta Platforms, Inc. $META Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 4.7% during the second quarter, Holdings Channel.com reports. The fund owned 2,521,831 shares of the social networking company’s stock after acquiring an additional 112,514 shares during the period. Meta Platforms accounts for 3.0% of Bessemer Group Inc.’s investment portfolio, making the stock its 6th largest holding. Bessemer Group Inc.’s holdings in Meta Platforms were worth $1,861,338,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $33,000. Evergreen Private Wealth LLC increased its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms in the second quarter worth $42,000. WFA Asset Management Corp lifted its position in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after acquiring an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms during the second quarter valued at $54,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

NASDAQ:META opened at $618.94 on Friday. The company has a market cap of $1.55 trillion, a P/E ratio of 27.34, a P/E/G ratio of 1.41 and a beta of 1.20. The firm’s 50 day moving average is $728.56 and its two-hundred day moving average is $700.16. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. 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 (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued 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 dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $628.00, for a total value of $325,932.00. Following the completion of the sale, the insider owned 27,237 shares of the company’s stock, valued at $17,104,836. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the transaction, the director owned 7,947 shares in the company, valued at $5,697,760.59. The trade was a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 75,798 shares of company stock valued at $58,347,026. 13.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. UBS Group boosted their price objective on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Loop Capital reissued a “buy” rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Finally, Oppenheimer downgraded Meta Platforms from an “outperform” rating to a “market perform” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $827.60.

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.