Malaga Cove Capital LLC Has $5.27 Million Position in Meta Platforms, Inc. $META

Malaga Cove Capital LLC lowered its position in Meta Platforms, Inc. (NASDAQ:META) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,138 shares of the social networking company’s stock after selling 131 shares during the period. Meta Platforms comprises about 2.1% of Malaga Cove Capital LLC’s portfolio, making the stock its 9th largest position. Malaga Cove Capital LLC’s holdings in Meta Platforms were worth $5,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC lifted its position in shares of Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Meta Platforms during the first quarter valued at approximately $2,990,544,000. Amundi lifted its holdings in Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. boosted its position in Meta Platforms by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio bought a new position in Meta Platforms in the 1st quarter valued at $571,086,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Down 1.2%

Meta Platforms stock opened at $602.01 on Tuesday. The firm has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 1.35 and a beta of 1.20. The firm has a 50 day simple moving average of $710.72 and a 200 day simple moving average of $706.49. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year 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.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results 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 return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period in the previous year, the business earned $6.03 earnings per share. The firm’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, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared 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. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 516 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $325,596.00. Following the sale, the insider directly owned 26,721 shares in the company, valued at $16,860,951. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $326,227.00. Following the completion of the transaction, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. The trade was a 6.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,359 shares of company stock valued at $9,689,566. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on META. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Hsbc Global Res raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Meta Platforms in a research report on Thursday. Oppenheimer lowered shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Finally, Zacks Research upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

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.