Legal Advantage Investments Inc. Sells 175 Shares of Meta Platforms, Inc. $META

Legal Advantage Investments Inc. lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,275 shares of the social networking company’s stock after selling 175 shares during the period. Meta Platforms accounts for 1.8% of Legal Advantage Investments Inc.’s holdings, making the stock its 20th biggest position. Legal Advantage Investments Inc.’s holdings in Meta Platforms were worth $3,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC increased its holdings in shares of Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after acquiring an additional 59,766,000 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after acquiring an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock worth $7,229,553,000 after acquiring an additional 536,160 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock worth $5,787,329,000 after acquiring an additional 247,850 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on META. Royal Bank Of Canada boosted their target price on Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Monness Crespi & Hardt boosted their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Roth Capital boosted their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Morgan Stanley upped their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Benchmark upped their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Four 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $829.66.

Meta Platforms Trading Up 0.2%

META opened at $733.27 on Wednesday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a 50-day simple moving average of $744.95 and a 200 day simple moving average of $686.70. 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 stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.53 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 earnings per share. Meta Platforms’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. This represents a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,146 shares of company stock worth $164,196,453. Insiders own 13.61% of the company’s stock.

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.