Causeway Capital Management LLC Boosts Stock Position in Meta Platforms, Inc. $META

Key Points

• Causeway Capital Management LLC increased its stake in Meta Platforms by 6.0%, owning a total of 105,485 shares valued at approximately $60.8 million.
• GAMMA Investing LLC significantly boosted its holdings in Meta by 67,172.9%, acquiring around 23.4 million shares during the first quarter, now valued at over $13.5 billion.
• Meta Platforms reported earnings of $7.14 per share for the last quarter, exceeding estimates, with a revenue of $47.52 billion, marking a 21.6% year-over-year increase.

Causeway Capital Management LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,485 shares of the social networking company's stock after purchasing an additional 5,924 shares during the quarter. Meta Platforms accounts for about 1.3% of Causeway Capital Management LLC's holdings, making the stock its 19th largest holding. Causeway Capital Management LLC's holdings in Meta Platforms were worth $60,797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after purchasing an additional 23,417,803 shares in the last quarter. Northern Trust Corp boosted its holdings in Meta Platforms by 13.5% during the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock valued at $13,727,613,000 after acquiring an additional 2,787,832 shares during the period. Invesco Ltd. boosted its holdings in Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after acquiring an additional 400,927 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after acquiring an additional 1,255,546 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Meta Platforms by 2.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock valued at $7,030,399,000 after acquiring an additional 280,357 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Down 0.2%

Meta Platforms stock opened at $753.30 on Tuesday. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.56 and a beta of 1.27. The stock has a fifty day simple moving average of $731.33 and a two-hundred day simple moving average of $657.25. 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 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is 7.60%.

Analyst Ratings Changes

Several brokerages recently weighed in on META. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Sanford C. Bernstein upped their price target on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Citizens Jmp upped their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Finally, Rosenblatt Securities upped their price target on Meta Platforms from $846.00 to $918.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 312,767 shares of company stock worth $234,618,139. 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.

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