Meta Platforms, Inc. $META Stock Holdings Reduced by Griffin Asset Management Inc.

Griffin Asset Management Inc. lowered its position in Meta Platforms, Inc. (NASDAQ:META) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,242 shares of the social networking company’s stock after selling 111 shares during the quarter. Griffin Asset Management Inc.’s holdings in Meta Platforms were worth $5,345,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its position 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 purchasing an additional 59,766,000 shares during the last quarter. Nuveen LLC acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $2,990,544,000. Amundi raised its holdings in shares of Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after buying an additional 1,470,070 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Meta Platforms by 8.8% in 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 buying an additional 1,255,546 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $571,086,000. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,663 shares of company stock worth $164,569,365. Company insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $733.41 on Thursday. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.53 and a beta of 1.20. The business has a 50-day moving average of $744.01 and a 200-day moving average of $687.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

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

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors 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 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Roth Capital increased 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 increased their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. UBS Group increased their price target on Meta Platforms from $897.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Monness Crespi & Hardt increased their price target on Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Citigroup restated an “outperform” rating on shares of Meta Platforms in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target 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.