Livforsakringsbolaget Skandia Omsesidigt Has $11.85 Million Position in Meta Platforms, Inc. $META

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly reduced its position in Meta Platforms by 85.1%, ending up with 16,052 shares valued at approximately $11.85 million.
• Despite this cut, other institutional investors increased their stakes, with significant boosts from firms like Csenge Advisory Group and Infusive Asset Management Inc..
• Meta reported a strong quarterly performance, with $7.14 EPS and revenue of $47.52 billion, surpassing analyst expectations and highlighting a year-over-year revenue increase of 21.6%.

Livforsakringsbolaget Skandia Omsesidigt lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 85.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,052 shares of the social networking company's stock after selling 91,558 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Meta Platforms were worth $11,846,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new stake in Meta Platforms during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the 1st quarter worth about $33,000. JCIC Asset Management Inc. grew its holdings in Meta Platforms by 102.6% during the 1st 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 during the last quarter. Finally, Principia Wealth Advisory LLC boosted its stake in shares of Meta Platforms by 53.6% in the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $1.87 on Friday, hitting $778.38. The company had a trading volume of 22,494,703 shares, compared to its average volume of 9,174,566. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.63 and a beta of 1.24. The stock has a 50 day moving average price of $747.06 and a 200 day moving average price of $665.93. 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 (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the company earned $5.16 earnings per share. The company's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's payout ratio is presently 7.60%.

Wall Street Analysts Forecast Growth

META has been the topic of several recent research reports. Loop Capital reaffirmed a "buy" rating and issued a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Truist Financial set a $880.00 target price on shares of Meta Platforms in a research note on Thursday. Zacks Research lowered shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Roth Capital raised their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, KeyCorp raised their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $826.05.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares of the company's stock, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total transaction of $398,156.04. Following the sale, the insider directly owned 30,870 shares of the company's stock, valued at $23,682,229.20. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,922 shares of company stock valued at $196,412,792 over the last quarter. 13.61% of the stock is owned by company 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.