Great Lakes Advisors LLC Has $133.86 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Great Lakes Advisors LLC has reduced its stake in Meta Platforms, Inc. by 9.1%, now holding 232,779 shares valued at approximately $133.86 million.
• The CFO Susan J. Li sold 18,332 shares of Meta stock for over $14 million, representing a 17.89% decrease in her position.
• Meta Platforms reported a 21.6% increase in revenue year-over-year, achieving $47.52 billion for the quarter, with earnings per share of $7.14, surpassing estimates.

Great Lakes Advisors LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 232,779 shares of the social networking company's stock after selling 23,220 shares during the quarter. Meta Platforms comprises about 1.2% of Great Lakes Advisors LLC's portfolio, making the stock its 17th largest holding. Great Lakes Advisors LLC's holdings in Meta Platforms were worth $133,860,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Csenge Advisory Group raised its stake in Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares in the last quarter. Suvretta Capital Management LLC raised its stake in Meta Platforms by 1.1% in the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after purchasing an additional 1,850 shares in the last quarter. Skye Global Management LP raised its stake in Meta Platforms by 130.9% in the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after purchasing an additional 43,200 shares in the last quarter. ARQ Wealth Advisors LLC raised its stake in Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after purchasing an additional 34 shares in the last quarter. Finally, JMG Financial Group Ltd. acquired a new stake in Meta Platforms in the 1st quarter worth about $284,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total transaction of $376,923.75. Following the sale, the insider directly owned 31,908 shares in the company, valued at $23,173,185. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,358 shares of company stock worth $228,847,292. Company insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.5%

Shares of Meta Platforms stock opened at $752.45 on Monday. The firm has a market capitalization of $1.89 trillion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $738.39 and its 200 day moving average is $658.81. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results 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 net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the firm posted $5.16 EPS. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on META. Wedbush lifted their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. JMP Securities boosted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. DA Davidson boosted their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Bank of America boosted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Oppenheimer boosted their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" 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 assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

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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