Conning Inc. Has $13.79 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Conning Inc. has reduced its stake in Meta Platforms, Inc. by 2.8%, now holding 18,683 shares valued at approximately $13.79 million.
• Various institutional investors, such as Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their positions in Meta Platforms, indicating strong institutional interest as 79.91% of shares are held by institutional investors and hedge funds.
• Meta Platforms reported a 21.6% year-over-year increase in revenue for the last quarter, totaling $47.52 billion, and announced a quarterly dividend of $0.525 per share.

Conning Inc. trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,683 shares of the social networking company's stock after selling 532 shares during the quarter. Conning Inc.'s holdings in Meta Platforms were worth $13,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of META. Brighton Jones LLC boosted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Meta Platforms by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock worth $23,453,000 after buying an additional 5,829 shares in the last quarter. 1776 Wealth LLC lifted its holdings in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company's stock worth $673,000 after buying an additional 675 shares in the last quarter. Finally, Carr Financial Group Corp lifted its holdings in Meta Platforms by 21.1% during the 1st quarter. Carr Financial Group Corp now owns 1,854 shares of the social networking company's stock worth $1,069,000 after buying an additional 323 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the topic of several research reports. Stifel Nicolaus upped their price objective on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citizens Jmp upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Weiss Ratings restated a "buy (b)" rating on shares of Meta Platforms in a research report on Wednesday, October 8th. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Finally, Roth Capital upped their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $829.66.

Meta Platforms Stock Up 2.1%

Meta Platforms stock opened at $732.17 on Tuesday. The stock has a market cap of $1.84 trillion, a P/E ratio of 26.51, a P/E/G ratio of 1.50 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 twelve month low of $479.80 and a twelve month high of $796.25. The company's 50-day moving average price is $746.08 and its two-hundred day moving average price is $686.38.

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 for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Insiders sold a total of 213,146 shares of company stock valued at $164,196,453 over the last ninety days. Company insiders own 13.61% of the company's stock.

Meta Platforms Company Profile

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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