Meta Platforms, Inc. $META is LRI Investments LLC’s 10th Largest Position

LRI Investments LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,775 shares of the social networking company’s stock after selling 54 shares during the period. Meta Platforms accounts for approximately 1.9% of LRI Investments LLC’s holdings, making the stock its 10th largest position. LRI Investments LLC’s holdings in Meta Platforms were worth $24,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC increased its holdings in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after buying an additional 59,766,000 shares during the period. Nuveen LLC bought a new position in shares of Meta Platforms during the first quarter valued at $2,990,544,000. Amundi grew its holdings in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in 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. Finally, Strs Ohio bought a new stake in Meta Platforms during the 1st quarter worth about $571,086,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares in the company, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $713.34, for a total value of $368,796.78. Following the transaction, the chief operating officer directly owned 8,992 shares in the company, valued at approximately $6,414,353.28. The trade was a 5.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,146 shares of company stock worth $164,196,453 over the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

NASDAQ:META opened at $733.27 on Wednesday. The stock’s 50-day simple moving average is $744.95 and its 200 day simple moving average is $686.70. The firm has a market capitalization of $1.84 trillion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. 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, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is currently 7.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on META. Piper Sandler lifted their price objective on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Benchmark boosted their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Citizens Jmp boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, DA Davidson boosted their target price on Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $829.66.

About Meta Platforms

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.