Greenleaf Trust Trims Holdings in Meta Platforms, Inc. $META

Greenleaf Trust cut its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,107 shares of the social networking company's stock after selling 3,508 shares during the quarter. Meta Platforms makes up about 0.7% of Greenleaf Trust's holdings, making the stock its 12th biggest holding. Greenleaf Trust's holdings in Meta Platforms were worth $80,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of META. Kingstone Capital Partners Texas LLC grew its position in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after buying an additional 59,766,000 shares during the period. Nuveen LLC purchased a new stake in shares of Meta Platforms in the 1st quarter worth about $2,990,544,000. Assenagon Asset Management S.A. boosted its stake in Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares in the last quarter. Amundi boosted its stake in Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 2.3%

Meta Platforms stock opened at $710.56 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a 50 day moving average of $753.21 and a 200 day moving average of $676.07. The firm has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 1.48 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. 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 firm posted $5.16 EPS. The company's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on META. Roth Capital upped their price target 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. BMO Capital Markets upped their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. Robert W. Baird upped their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Monness Crespi & Hardt upped their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $830.02.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $748.72, for a total transaction of $387,088.24. Following the completion of the sale, the chief operating officer directly owned 10,026 shares of the company's stock, valued at $7,506,666.72. This trade represents a 4.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total transaction of $384,838.50. Following the sale, the insider directly owned 29,832 shares of the company's stock, valued at approximately $22,120,428. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,665 shares of company stock valued at $164,584,215 in the last three months. 13.61% of the stock is currently owned by corporate insiders.

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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