Lmcg Investments LLC Acquires 3,114 Shares of Meta Platforms, Inc. $META

Key Points

• Lmcg Investments LLC boosted its Meta Platforms stake by 12.8% in the first quarter, adding 3,114 shares and bringing its total holdings to 27,408 shares valued at about $15.68 million.
• Meta shares were down about 1.9% on Tuesday, even as the stock remained near a large market capitalization of $1.66 trillion and traded well above its 12-month low.
• Meta posted strong quarterly results, with $10.44 EPS topping estimates and revenue of $56.31 billion rising 33.1% year over year, while analysts still rate the stock a Moderate Buy with an average target price of $835.90.

Lmcg Investments LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,408 shares of the social networking company's stock after buying an additional 3,114 shares during the period. Lmcg Investments LLC's holdings in Meta Platforms were worth $15,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in META. Vanguard Group Inc. raised its holdings in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. Auto Owners Insurance Co grew its holdings in shares of Meta Platforms by 76,587.7% during the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares in the last quarter. State Street Corp grew its holdings in shares of Meta Platforms by 5.1% during the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Meta Platforms by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after purchasing an additional 878,396 shares during the period. Finally, Capital World Investors increased its position in shares of Meta Platforms by 0.8% in the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock worth $26,112,735,000 after purchasing an additional 310,947 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 1.9%

Shares of NASDAQ META opened at $656.73 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.66 trillion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.18 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The stock has a 50-day moving average price of $599.00 and a two-hundred day moving average price of $626.80.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period last year, the company posted $6.43 EPS. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. As a group, analysts forecast that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.63%.

Wall Street Analyst Weigh In

A number of research firms recently commented on META. Wells Fargo & Company boosted their price target on Meta Platforms from $765.00 to $767.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Wolfe Research decreased their target price on shares of Meta Platforms from $850.00 to $800.00 and set an "outperform" rating on the stock in a report on Friday, April 10th. Raymond James Financial raised shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a report on Tuesday, June 2nd. Wedbush raised shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a report on Tuesday, June 2nd. Finally, TD Cowen cut their price target on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $835.90.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the transaction, the chief operating officer directly owned 9,498 shares in the company, valued at approximately $5,708,013.06. This represents a 26.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares of the company's stock, valued at $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 40,083 shares of company stock worth $24,628,719 in the last 90 days. 13.53% of the stock is currently owned by company insiders.

Meta Platforms News Roundup

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: UBS kept a buy rating on Meta while lowering its price target to $766 from $865, implying meaningful upside from current levels and signaling analysts still see room for gains despite recent volatility.
• Positive Sentiment: Multiple articles highlighted Meta’s expanded AI ambitions, including a major scale-up of its Louisiana Hyperion data center to 5 gigawatts and more than $50 billion in projected cost, reinforcing the company’s commitment to AI infrastructure and long-term growth.
• Positive Sentiment: Some market commentary framed Meta as one of the strongest mega-cap AI stories, citing its ability to fund AI investment with a profitable ad business and noting that its new AI model is priced well below rivals, which could help adoption.
• Neutral Sentiment: Several reports focused on technical factors, saying META looked overbought and near resistance, which may be contributing to short-term weakness rather than reflecting a change in fundamentals.
• Negative Sentiment: Investors are also weighing concerns that Meta’s AI spending is rising fast, with 2026 capex now expected at $125 billion to $145 billion, raising questions about near-term returns on investment and pressuring sentiment.
• Negative Sentiment: Meta pulled down an AI image tool after privacy backlash, and the company is facing criticism over AI advertising tools that allegedly create poor results for brands, adding reputational and regulatory noise.
• Negative Sentiment: Additional headlines noted a Chinese regulatory setback on a planned AI acquisition and an EU probe into Facebook and Instagram design features, which could increase legal and compliance uncertainty.

Meta Platforms Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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