Meta Platforms, Inc. $META Shares Bought by Sitrin Capital Management LLC

Key Points

• Sitrin Capital Management LLC increased its stake in Meta Platforms by 5.5% in Q2, making it the firm's 4th largest holding, valued at approximately $8.45 million.
• Meta reported earnings per share (EPS) of $7.14 for the last quarter, exceeding estimates by $1.39, and posted revenue of $47.52 billion, a 21.6% year-over-year increase.
• The company declared a quarterly dividend of $0.525 per share, representing an annualized yield of 0.3%, with a dividend payout ratio of 7.60%.

Sitrin Capital Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,453 shares of the social networking company's stock after acquiring an additional 602 shares during the quarter. Meta Platforms comprises approximately 4.3% of Sitrin Capital Management LLC's investment portfolio, making the stock its 4th biggest holding. Sitrin Capital Management LLC's holdings in Meta Platforms were worth $8,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the 1st quarter valued at about $33,000. Evergreen Private Wealth LLC increased its position in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its position in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $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.

Meta Platforms Stock Performance

Shares of META stock opened at $712.07 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $1.79 trillion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company's 50 day moving average price is $747.80 and its two-hundred day moving average price is $682.13. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the sale, the insider directly owned 28,794 shares in the company, valued at approximately $20,381,832.90. This trade represents a 1.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer owned 8,992 shares in the company, valued at $6,414,353.28. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,717 shares of company stock worth $164,599,932 over the last 90 days. Corporate insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on META. TD Cowen raised their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company raised their target price on shares of Meta Platforms from $811.00 to $837.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. 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. Pivotal Research raised their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus target price 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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