Mitchell Capital Management Co. Has $18.53 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Mitchell Capital Management Co. reduced its stake in Meta Platforms by 7.4% during the second quarter, holding 26,313 shares valued at approximately $18.53 million.
• Several large investors, including Ellis Investment Partners and Index Fund Advisors, increased their holdings in Meta Platforms by significant percentages, indicating strong institutional interest.
• Meta Platforms reported strong earnings, with a $7.14 EPS for the last quarter, exceeding analysts' expectations and showing a year-over-year revenue growth of 21.6%.

Mitchell Capital Management Co. lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,313 shares of the social networking company's stock after selling 2,088 shares during the period. Meta Platforms comprises about 3.5% of Mitchell Capital Management Co.'s investment portfolio, making the stock its 6th biggest holding. Mitchell Capital Management Co.'s holdings in Meta Platforms were worth $18,532,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Ellis Investment Partners LLC grew its holdings in shares of Meta Platforms by 9.6% in the second quarter. Ellis Investment Partners LLC now owns 1,766 shares of the social networking company's stock worth $1,303,000 after acquiring an additional 155 shares during the period. Index Fund Advisors Inc. grew its holdings in shares of Meta Platforms by 145.6% in the second quarter. Index Fund Advisors Inc. now owns 4,617 shares of the social networking company's stock worth $3,408,000 after acquiring an additional 2,737 shares during the period. M3 Advisory Group LLC grew its holdings in shares of Meta Platforms by 7.6% in the second quarter. M3 Advisory Group LLC now owns 1,321 shares of the social networking company's stock worth $975,000 after acquiring an additional 93 shares during the period. Yarger Wealth Strategies LLC grew its holdings in Meta Platforms by 17.2% during the second quarter. Yarger Wealth Strategies LLC now owns 1,199 shares of the social networking company's stock valued at $885,000 after purchasing an additional 176 shares during the period. Finally, Sharp Financial Services LLC grew its holdings in Meta Platforms by 3.3% during the second quarter. Sharp Financial Services LLC now owns 3,712 shares of the social networking company's stock valued at $2,740,000 after purchasing an additional 120 shares during the period. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

META has been the subject of several recent research reports. Benchmark boosted their price target on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Pivotal Research boosted their price target on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. KeyCorp boosted their price target on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Monness Crespi & Hardt boosted their price target on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $829.66.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the sale, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,663 shares of company stock worth $164,569,365 in the last ninety days. 13.61% of the stock is owned by company insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $733.41 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.53 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock's 50-day simple moving average is $744.01 and its 200-day simple moving average is $687.02.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its 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 company 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 business earned $5.16 earnings per share. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. 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 dividend payout ratio is 7.60%.

Meta Platforms 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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