QRG Capital Management Inc. Increases Stake in Meta Platforms, Inc. $META

Key Points

• QRG Capital Management increased its Meta stake by 5.5% in the second quarter, acquiring 19,353 additional shares for a total holding of 372,579 shares valued at approximately $209.9 million. Institutional investors own about 79.9% of Meta’s stock.
• Meta reported quarterly revenue of $60.8 billion, up 28% year over year, but earnings per share of $6.18 fell short of the $7.19 consensus estimate. The company also pays a quarterly dividend of $0.525, representing a 0.4% yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $785.32 price target, though targets were recently reduced amid concerns over Meta’s large AI and data-center investments, potential litigation, and margin pressure.

QRG Capital Management Inc. lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,579 shares of the social networking company's stock after buying an additional 19,353 shares during the quarter. Meta Platforms makes up approximately 1.7% of QRG Capital Management Inc.'s portfolio, making the stock its 9th biggest holding. QRG Capital Management Inc.'s holdings in Meta Platforms were worth $209,870,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. RHL Group LLC bought a new position in shares of Meta Platforms in the fourth quarter worth $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the fourth quarter valued at $29,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the fourth quarter valued at $42,000. Axiom Investment Management LLC purchased a new position in Meta Platforms during the first quarter worth about $36,000. Finally, Bayban grew its position in Meta Platforms by 100.0% during the first quarter. Bayban now owns 70 shares of the social networking company's stock worth $40,000 after buying an additional 35 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 0.9%

Shares of NASDAQ META opened at $589.85 on Friday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The firm's 50 day simple moving average is $595.94 and its two-hundred day simple moving average is $620.41. The stock has a market capitalization of $1.50 trillion, a P/E ratio of 22.22, a PEG ratio of 1.01 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The company's revenue was up 28.0% compared to the same quarter last year. During the same period last year, the business posted $7.14 earnings per share. As a group, analysts expect that Meta Platforms, Inc. will post 28.5 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is presently 7.91%.

Meta Platforms News Summary

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

• Positive Sentiment: Analysts remain constructive on Meta’s long-term outlook, citing 28% revenue growth, resilient advertising demand and additional monetization opportunities in WhatsApp. Some commentary argues that the market is assigning little value to future AI and messaging revenue streams. Meta Has $27 Billion That Isn't On Its Balance Sheet
• Positive Sentiment: Meta released Glimmer, an open-weight AI model that users can download and run on their own hardware, supporting Mark Zuckerberg’s strategy of broadening access to AI. The move could strengthen developer adoption and Meta’s competitive position, although its financial payoff is uncertain. Meta's open AI, and a $250M deal gone very wrong
• Neutral Sentiment: Meta removed approximately 756,000 suspected under-16 accounts in Australia—462,000 from Instagram and 294,000 from Facebook—as it enforces the country’s youth social-media restrictions. The action demonstrates regulatory compliance but may raise moderation costs and reduce engagement among younger users. Meta says it has taken down 756,000 Australian teen accounts
• Neutral Sentiment: Institutional trading was mixed: Dodge & Cox increased its position by 1.47 million shares, while Sands Capital and Columbus Hill reduced their stakes. These transactions may influence sentiment but do not by themselves change Meta’s fundamentals. Dodge and Cox boosts Meta Platforms stake
• Negative Sentiment: A Ninth Circuit ruling removed a procedural barrier to more than 3,000 lawsuits alleging Meta’s product features harm young users. The court did not determine liability, but the decision allows the cases to proceed and adds potential litigation costs, damages and pressure to change platform design. How Serious Are Thousands of Addiction Lawsuits for Meta and Snap?
• Negative Sentiment: Investors remain concerned that Meta’s roughly $145 billion AI investment plan and major data-center projects could produce diminishing returns, compress margins and weigh on free cash flow before monetization catches up. Meta: Diminishing Q2 CapEx ROI Is Alarming
• Negative Sentiment: Meta COO Javier Olivan disclosed additional sales under a pre-arranged Rule 10b5-1 plan, while several funds also trimmed holdings. Although planned insider sales are not necessarily bearish, they can add to near-term selling pressure. Meta COO insider stock sale

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Susquehanna cut their price objective on Meta Platforms from $900.00 to $650.00 and set a "positive" rating for the company in a report on Thursday, July 30th. Robert W. Baird decreased their price objective on shares of Meta Platforms from $830.00 to $750.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group lowered their target price on shares of Meta Platforms from $815.00 to $725.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lowered their target price on shares of Meta Platforms from $835.00 to $640.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $785.32.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 3,348 shares of the business's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at $5,708,013.06. The trade was a 26.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the company's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares of the company's stock, valued at approximately $8,014,978.24. The trade was a 41.08% 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 have sold 36,280 shares of company stock worth $22,075,696 in the last 90 days. 13.53% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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