Lazari Capital Management Inc. decreased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,321 shares of the social networking company's stock after selling 1,070 shares during the quarter. Meta Platforms accounts for about 9.3% of Lazari Capital Management Inc.'s portfolio, making the stock its 2nd largest position. Lazari Capital Management Inc.'s holdings in Meta Platforms were worth $24,594,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the first quarter worth about $33,000. Evergreen Private Wealth LLC increased its holdings in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.
Insider Buying and Selling
In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock worth $164,955,168 in the last quarter. Insiders own 13.61% of the company's stock.
Meta Platforms Stock Performance
NASDAQ:META opened at $710.56 on Friday. The stock has a market cap of $1.79 trillion, a P/E ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.20. The stock has a 50 day simple moving average of $753.21 and a 200 day simple moving average of $674.82. 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 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 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid 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 was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is 7.60%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on META shares. DA Davidson increased their price target on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wedbush increased their price target on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Roth Capital increased their price target on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Oppenheimer increased their price target on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Raymond James Financial increased their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Four equities 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $830.02.
Read Our Latest Stock Analysis on Meta Platforms
About Meta Platforms
(
Free Report)
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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