Lakeshore Capital Group Inc. Sells 401 Shares of Meta Platforms, Inc. $META

Lakeshore Capital Group Inc. lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,239 shares of the social networking company’s stock after selling 401 shares during the period. Meta Platforms accounts for about 1.5% of Lakeshore Capital Group Inc.’s investment portfolio, making the stock its 20th biggest holding. Lakeshore Capital Group Inc.’s holdings in Meta Platforms were worth $1,653,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in META. Pachira Investments Inc. raised its position in Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after purchasing an additional 14 shares during the period. Shelton Wealth Management LLC raised its position in Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after purchasing an additional 15 shares during the period. Myecfo LLC raised its position in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after purchasing an additional 15 shares during the period. Kooman & Associates raised its position in Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock valued at $402,000 after purchasing an additional 15 shares during the period. Finally, Nabity Jensen Investment Management Inc raised its position in Meta Platforms by 1.1% during the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock valued at $1,017,000 after purchasing an additional 15 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Trading Up 1.3%

META opened at $717.55 on Thursday. The stock’s fifty day moving average is $748.80 and its two-hundred day moving average is $681.19. The company has a market capitalization of $1.80 trillion, a P/E ratio of 25.98, a PEG ratio of 1.48 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 company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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 company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed 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 presently 7.60%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on META shares. JMP Securities increased their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a report on Tuesday. Canaccord Genuity Group increased their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Robert W. Baird increased their price target on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Four equities research 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.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $716.98, for a total transaction of $372,112.62. Following the sale, the insider owned 29,313 shares of the company’s stock, valued at approximately $21,016,834.74. This trade represents a 1.74% 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, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,198 shares of company stock valued at $164,232,558. 13.61% of the stock is currently owned by corporate insiders.

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.