First Long Island Investors LLC Grows Position in Meta Platforms, Inc. $META

Key Points

• First Long Island Investors LLC increased its stake in Meta Platforms, Inc. by 29% in Q1, now holding 46,902 shares valued at $27 million.
• Insider sales recently included Jennifer Newstead selling 519 shares for $393,142.50, and COO Javier Olivan selling 517 shares for $390,671.05, indicating a decrease in their respective ownerships.
• Meta reported earnings of $7.14 per share exceeding estimates, with quarterly revenue at $47.52 billion, reflecting a 21.6% increase year-over-year.

First Long Island Investors LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,902 shares of the social networking company's stock after acquiring an additional 10,531 shares during the period. Meta Platforms makes up 2.2% of First Long Island Investors LLC's investment portfolio, making the stock its 16th largest position. First Long Island Investors LLC's holdings in Meta Platforms were worth $27,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lantern Wealth Advisors LLC raised its holdings in shares of Meta Platforms by 0.5% in the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after acquiring an additional 14 shares in the last quarter. ABLE Financial Group LLC increased its position in shares of Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after purchasing an additional 15 shares during the last quarter. Cedar Point Capital Partners LLC increased its position in shares of Meta Platforms by 2.2% during the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after purchasing an additional 16 shares during the last quarter. Mosaic Family Wealth Partners LLC increased its position in shares of Meta Platforms by 1.2% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC increased its position in shares of Meta Platforms by 2.2% during the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total value of $393,142.50. Following the completion of the sale, the insider owned 31,389 shares in the company, valued at approximately $23,777,167.50. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 8th. The stock was sold at an average price of $755.65, for a total value of $390,671.05. Following the completion of the sale, the chief operating officer owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 283,280 shares of company stock worth $214,119,908. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META opened at $750.90 on Friday. The stock's 50 day simple moving average is $741.05 and its 200 day simple moving average is $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, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market cap 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 (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the company earned $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on META shares. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Monness Crespi & Hardt increased their price objective on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the company from $610.00 to $900.00 in a research report on Thursday, July 31st. Finally, Benchmark increased their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms 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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