Cim LLC Has $22.87 Million Position in Meta Platforms, Inc. $META

Key Points

• Cim LLC has decreased its holdings in Meta Platforms, Inc. by 15.7%, selling 7,388 shares, leaving them with $22.87 million worth of stock, which makes up 3.4% of their portfolio.
• Meta Platforms reported earnings of $7.14 per share for the last quarter, significantly exceeding analysts' expectations of $5.75, and their revenue increased by 21.6% year-over-year to $47.52 billion.
• The company has declared a quarterly dividend of $0.525, which will be paid on September 29th, resulting in an annualized dividend yield of 0.3%.

Cim LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,674 shares of the social networking company's stock after selling 7,388 shares during the period. Meta Platforms accounts for about 3.4% of Cim LLC's portfolio, making the stock its 7th biggest holding. Cim LLC's holdings in Meta Platforms were worth $22,867,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group boosted its stake in shares of Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after acquiring an additional 1,019 shares during the period. Suvretta Capital Management LLC boosted its stake in Meta Platforms by 1.1% during the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock valued at $99,735,000 after buying an additional 1,850 shares during the last quarter. Skye Global Management LP boosted its stake in Meta Platforms by 130.9% during the fourth quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock valued at $44,616,000 after buying an additional 43,200 shares during the last quarter. ARQ Wealth Advisors LLC boosted its stake in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after buying an additional 34 shares during the last quarter. Finally, JMG Financial Group Ltd. bought a new position in Meta Platforms during the first quarter valued at approximately $284,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

NASDAQ:META opened at $750.90 on Friday. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The business has a 50 day simple moving average of $741.05 and a 200-day simple moving average of $661.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (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 business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the company earned $5.16 EPS. The company's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $755.65, for a total value of $390,671.05. Following the sale, the chief operating officer directly owned 11,577 shares in the company, valued at approximately $8,748,160.05. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,280 shares of company stock valued at $214,119,908. Corporate insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

META has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Barclays increased their price target on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Bank of America increased their price target on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Loop Capital reissued a "buy" rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Finally, Robert W. Baird increased their price target on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

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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