Jag Capital Management LLC Raises Holdings in Meta Platforms, Inc. $META

Key Points

• Jag Capital Management LLC increased its holdings in Meta Platforms by 6.0% during the second quarter, bringing its total ownership to 77,788 shares, valued at approximately $57.4 million.
• Meta Platforms reported a strong quarterly earnings performance with earnings per share of $7.14, exceeding analyst estimates by $1.39, alongside a revenue of $47.52 billion.
• The company recently declared a quarterly dividend of $0.525 per share, highlighting a 0.3% dividend yield and a low payout ratio of 7.60%.

Jag Capital Management LLC increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,788 shares of the social networking company's stock after purchasing an additional 4,385 shares during the quarter. Meta Platforms makes up 6.4% of Jag Capital Management LLC's holdings, making the stock its 2nd largest position. Jag Capital Management LLC's holdings in Meta Platforms were worth $57,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of META. Brighton Jones LLC raised 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 valued at $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC raised its holdings in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares during the period. GAMMA Investing LLC raised its holdings in Meta Platforms by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock valued at $23,453,000 after acquiring an additional 5,829 shares during the period. 1776 Wealth LLC raised its holdings in Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company's stock valued at $673,000 after acquiring an additional 675 shares during the period. Finally, Spinnaker Investment Group LLC raised its holdings in Meta Platforms by 41.7% in the 1st quarter. Spinnaker Investment Group LLC now owns 1,009 shares of the social networking company's stock valued at $582,000 after acquiring an additional 297 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $734.00 on Friday. The company's 50 day moving average price is $743.05 and its two-hundred day moving average price is $688.52. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.84 trillion, a PE ratio of 26.57, a PEG ratio of 1.53 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 (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

Several research analysts have weighed in on META shares. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Zacks Research raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Monday. DA Davidson increased their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Monness Crespi & Hardt increased their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial set a $880.00 price target on shares of Meta Platforms in a report on Thursday, September 18th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $829.66.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director owned 7,947 shares in the company, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer owned 8,475 shares in the company, valued at $6,113,017.50. This represents a 5.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,182 shares of company stock worth $164,951,541. Corporate insiders own 13.61% of the company's stock.

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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