LGT Fund Management Co Ltd. Has $28.10 Million Holdings in Meta Platforms, Inc. $META

LGT Fund Management Co Ltd. increased its position in Meta Platforms, Inc. (NASDAQ:META) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,076 shares of the social networking company’s stock after buying an additional 1,269 shares during the period. Meta Platforms comprises approximately 2.5% of LGT Fund Management Co Ltd.’s holdings, making the stock its 8th largest position. LGT Fund Management Co Ltd.’s holdings in Meta Platforms were worth $28,104,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the 1st quarter valued at about $33,000. Evergreen Private Wealth LLC boosted its holdings in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. boosted its holdings in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Truist Financial set a $880.00 price objective on shares of Meta Platforms in a report on Thursday, September 18th. Wedbush lifted their price target on Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets lifted their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Four 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $830.68.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was 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 in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 214,182 shares of company stock valued at $164,946,219. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Down 3.8%

Shares of NASDAQ META opened at $705.30 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $1.77 trillion, a P/E ratio of 25.54, a PEG ratio of 1.47 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 firm has a 50-day simple moving average of $752.20 and a two-hundred day simple moving average of $679.24.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during 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 firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

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.