Citrine Capital Boosts Meta Platforms Stake 242.9% to $1.76 M in Q3
Citrine Capital LLC increased its Meta Platforms holdings by 242.9% in the third quarter, purchasing 1,698 additional shares to reach 2,397 shares worth $1.76 million at quarter-end. Meta now comprises 0.8% of Citrine’s portfolio and ranks as its 14th largest position.
1. Citrine Capital Boosts Meta Stake Significantly
In the third quarter, Citrine Capital LLC raised its Meta Platforms share count by 1,698 shares, an increase of 242.9%, bringing its total holdings to 2,397 shares. Meta now represents approximately 0.8% of the fund’s portfolio, ranking it as Citrine’s 14th largest position. At quarter end, the stake was valued at 1.76 million based on reported SEC filings.
2. Broader Institutional Movements in Meta
Several other institutional investors also adjusted their Meta positions in the same period. Goldstone Financial Group added 1,153 shares, a 44.4% increase to 3,752 shares; Spirepoint Private Client grew by 2.7%, acquiring 109 additional shares for a total of 4,080; Diversify Advisory Services expanded its holding by 5,224 shares, a 10.4% rise to 55,431 shares; CW Advisors increased by 27.8%, adding 38,432 shares for a total of 176,762; and Sequoia Financial Advisors bought 20,912 shares, lifting its stake by 11.0% to 210,526 shares. Institutional ownership of Meta stands near 79.9%.
3. Recent Financial and Operating Highlights
In its latest quarterly report, Meta posted revenue of 51.24 billion, a year-over-year increase of 26.2%, and delivered earnings per share of 7.25, topping analyst estimates by 0.51. The company maintains a net margin of 30.9% and a return on equity of 39.4%. Key balance-sheet metrics include a debt-to-equity ratio of 0.15 and liquidity ratios (current and quick) both near 1.98. Meta’s market cap remains around 1.65 trillion, with a P/E ratio of 28.85 and a PEG of 1.29.
4. Analyst Ratings and Insider Transactions
Consensus among 49 analysts tracks to a moderate buy recommendation, with four strong-buy, 38 buy and seven hold ratings. Average price targets cluster near 822.89. Notable insider activity includes COO Javier Olivan selling 2,610 shares and Director Robert Kimmitt selling 600 shares in November, representing respective reductions of 21.1% and 7.6% in their personal holdings. Over the past 90 days, insiders have disposed of 41,555 shares, equating to 13.6% of total shares owned by insiders.