Chicago Capital LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 290,464 shares of the social networking company's stock after selling 1,580 shares during the quarter. Meta Platforms accounts for about 5.3% of Chicago Capital LLC's holdings, making the stock its biggest position. Chicago Capital LLC's holdings in Meta Platforms were worth $214,389,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC boosted its stake in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. grew its holdings in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $748.72, for a total transaction of $387,088.24. Following the transaction, the chief operating officer directly owned 10,026 shares in the company, valued at approximately $7,506,666.72. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,146 shares of company stock valued at $164,209,720. Insiders own 13.61% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on META. Wells Fargo & Company boosted their target price on Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Bank of America lifted their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Wedbush raised their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Sanford C. Bernstein lifted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Four 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $830.02.
View Our Latest Stock Analysis on META
Meta Platforms Price Performance
META stock opened at $715.66 on Tuesday. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock's fifty day simple moving average is $753.17 and its 200-day simple moving average is $676.91.
Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the firm posted $5.16 earnings per share. The business's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Dividend Announcement
The business also recently disclosed 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. 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 is presently 7.60%.
About Meta Platforms
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Meta Platforms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.
While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
