Jackson Square Capital LLC Acquires 342 Shares of Meta Platforms, Inc. $META

Key Points

• Jackson Square Capital LLC increased its stake in Meta Platforms, Inc. by 3.8% in the 2nd quarter, owning 9,455 shares valued at approximately $6.98 million.
• Meta recently reported significant earnings, with an EPS of $7.14, exceeding analysts' expectations of $5.75, and a revenue of $47.52 billion.
• The company announced a quarterly dividend of $0.525 per share to be paid on September 29th, representing an annualized yield of 0.3%.

Jackson Square Capital LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,455 shares of the social networking company's stock after purchasing an additional 342 shares during the quarter. Meta Platforms makes up about 1.5% of Jackson Square Capital LLC's holdings, making the stock its 20th largest position. Jackson Square Capital LLC's holdings in Meta Platforms were worth $6,979,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lake Hills Wealth Management LLC boosted its holdings in Meta Platforms by 125.7% in the 2nd quarter. Lake Hills Wealth Management LLC now owns 1,212 shares of the social networking company's stock valued at $895,000 after purchasing an additional 675 shares in the last quarter. Sawyer & Company Inc boosted its position in Meta Platforms by 0.5% during the 2nd quarter. Sawyer & Company Inc now owns 9,188 shares of the social networking company's stock worth $6,782,000 after purchasing an additional 42 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Meta Platforms by 6.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 38,807 shares of the social networking company's stock valued at $28,643,000 after buying an additional 2,482 shares during the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of Meta Platforms by 7.4% during the second quarter. Gilman Hill Asset Management LLC now owns 9,800 shares of the social networking company's stock worth $7,233,000 after purchasing an additional 676 shares during the last quarter. Finally, Fjell Capital LLC lifted its holdings in Meta Platforms by 0.9% in the second quarter. Fjell Capital LLC now owns 3,296 shares of the social networking company's stock worth $2,433,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction 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 owned 84,141 shares of the company's stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,405 shares of company stock worth $196,059,438. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Down 1.2%

META traded down $9.06 during trading hours on Monday, hitting $768.80. 7,533,148 shares of the company's stock were exchanged, compared to its average volume of 14,670,589. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.62 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average is $747.06 and its two-hundred day moving average is $666.27. 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 released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the firm earned $5.16 earnings per share. 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. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on META shares. Benchmark lifted their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wedbush lifted their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Barclays lifted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Guggenheim reaffirmed a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, Truist Financial set a $880.00 price objective on shares of Meta Platforms in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $826.05.

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.