Meta Platforms, Inc. $META Shares Acquired by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Meta Platforms by 6.3%, now holding 460,676 shares worth approximately $340 million, making it the firm's 5th largest holding.
• Meta Platforms' stock is currently down 3.8% and has experienced a price range of $479.80 to $796.25 over the past year.
• The company reported a quarterly earnings beat with $7.14 earnings per share, surpassing analysts' expectations of $5.75, and a revenue increase of 21.6% year-over-year.

QRG Capital Management Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,676 shares of the social networking company's stock after purchasing an additional 27,468 shares during the quarter. Meta Platforms makes up about 3.0% of QRG Capital Management Inc.'s portfolio, making the stock its 5th largest holding. QRG Capital Management Inc.'s holdings in Meta Platforms were worth $340,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC increased its position in Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC acquired a new position in Meta Platforms in the 1st quarter valued at approximately $2,990,544,000. Amundi increased its position in Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after acquiring an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. increased its position in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after acquiring an additional 1,255,546 shares during the period. Finally, Strs Ohio acquired a new position in Meta Platforms in the 1st quarter valued at approximately $571,086,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 3.8%

Meta Platforms stock opened at $705.30 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. The firm's fifty day moving average price is $752.20 and its two-hundred day moving average price is $679.24. 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 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $44.55 billion. During the same period last year, the firm earned $5.16 earnings per share. The business's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Activity

In related news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock valued at $164,946,219 over the last ninety days. Company insiders own 13.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp upped their price target 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. Wedbush upped their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Bank of America upped their price target 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. UBS Group upped their price target on shares of Meta Platforms from $897.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $830.68.

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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