Lansing Street Advisors Has $1.25 Million Stake in Meta Platforms, Inc. $META

Key Points

• Lansing Street Advisors increased its stake in Meta Platforms, Inc. by 100.2% to approximately $1.25 million, owning 1,696 shares after acquiring an additional 849 shares in the second quarter.
• Meta Platforms reported earnings of $7.14 per share for Q2, surpassing analysts' estimates of $5.75, with a revenue of $47.52 billion for the quarter.
• The company recently announced a quarterly dividend payment of $0.525, with a current annualized yield of 0.3% and a low payout ratio of 7.60%.

Lansing Street Advisors increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 100.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,696 shares of the social networking company's stock after buying an additional 849 shares during the period. Lansing Street Advisors' holdings in Meta Platforms were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the first quarter valued at approximately $28,000. Evergreen Private Wealth LLC raised its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the first quarter valued at approximately $33,000. Finally, Maseco LLP acquired a new position in Meta Platforms during the second quarter valued at approximately $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

NASDAQ META opened at $712.07 on Friday. The firm's fifty day moving average price is $747.80 and its two-hundred day moving average price is $682.13. The stock has a market cap of $1.79 trillion, a PE ratio of 25.78, a PEG ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is currently 7.60%.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total value of $367,374.15. Following the sale, the insider owned 28,794 shares of the company's stock, valued at $20,381,832.90. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $713.34, for a total transaction of $368,796.78. Following the completion of the sale, the chief operating officer directly owned 8,992 shares in the company, valued at approximately $6,414,353.28. This represents a 5.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 213,717 shares of company stock worth $164,599,932. 13.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. KeyCorp boosted their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Bank of America boosted their price objective 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. Sanford C. Bernstein boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their price objective for the company from $610.00 to $900.00 in a research report 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 given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $830.68.

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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