Meta Platforms, Inc. $META is GFG Capital LLC's 10th Largest Position

Key Points

• GFG Capital LLC has reduced its stake in Meta Platforms, Inc. by 35.6%, making it its 10th largest position, valued at approximately $9.8 million.
• Meta Platforms reported strong quarterly earnings, with an EPS of $7.14, significantly surpassing analysts' expectations of $5.75 and showing a 21.6% increase in revenue year-over-year.
• Analysts maintain a positive outlook on Meta, with the stock receiving an average rating of "Moderate Buy" and a target price of $830.68 from various equity research firms.

GFG Capital LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 35.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,281 shares of the social networking company's stock after selling 7,333 shares during the quarter. Meta Platforms comprises 2.9% of GFG Capital LLC's holdings, making the stock its 10th largest position. GFG Capital LLC's holdings in Meta Platforms were worth $9,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the first quarter valued at $33,000. Evergreen Private Wealth LLC grew its stake 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 valued at $40,000 after buying an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. grew its stake 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 valued at $46,000 after buying an additional 40 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Canaccord Genuity Group upped their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada boosted their target price on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Truist Financial set a $880.00 price target on Meta Platforms in a report on Thursday, September 18th. The Goldman Sachs Group reiterated a "buy" rating on shares of Meta Platforms in a research report on Tuesday. Finally, Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $830.68.

Meta Platforms Stock Up 0.7%

Shares of NASDAQ META opened at $716.91 on Friday. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.49 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock's 50-day simple moving average is $746.75 and its 200-day simple moving average is $683.03. 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 quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the firm earned $5.16 earnings per share. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business's stock in a transaction on Monday, October 13th. The shares were sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer directly owned 8,992 shares of the company's stock, valued at $6,414,353.28. The trade was a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction 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 transaction, the director owned 7,947 shares in the company, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,933,323 over the last quarter. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Company 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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