Shorepath Capital Management LLC Has $13.78 Million Position in Meta Platforms, Inc. $META

Shorepath Capital Management LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,671 shares of the social networking company’s stock after selling 552 shares during the quarter. Meta Platforms comprises 11.4% of Shorepath Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Shorepath Capital Management LLC’s holdings in Meta Platforms were worth $13,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after buying an additional 875 shares in the last quarter. 1776 Wealth LLC grew its holdings in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after buying an additional 675 shares in the last quarter. Smart Money Group LLC increased its stake in Meta Platforms by 20.4% in the 1st quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock worth $1,182,000 after acquiring an additional 348 shares during the last quarter. Finally, Spear Holdings RSC Ltd purchased a new stake in shares of Meta Platforms during the 1st quarter worth approximately $37,463,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Up 0.4%

Shares of NASDAQ:META opened at $621.71 on Monday. The firm has a market capitalization of $1.57 trillion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The business has a 50 day simple moving average of $726.22 and a two-hundred day simple moving average of $703.79. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. 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 (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) 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 firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period last year, the company earned $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. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given 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 was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on META. Monness Crespi & Hardt reduced their price target on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Truist Financial reduced their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Stifel Nicolaus reduced their price objective on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, BMO Capital Markets upped their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were 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 directly owned 7,441 shares of the company’s stock, valued at $4,881,296. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was 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 approximately $17,104,836. This trade represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 75,281 shares of company stock valued at $57,948,936. 13.61% of the stock is currently owned by company insiders.

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.