Lmcg Investments LLC Sells 215 Shares of Meta Platforms, Inc. $META

Lmcg Investments LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,774 shares of the social networking company’s stock after selling 215 shares during the quarter. Meta Platforms accounts for about 1.0% of Lmcg Investments LLC’s investment portfolio, making the stock its 28th biggest position. Lmcg Investments LLC’s holdings in Meta Platforms were worth $15,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of META. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the 1st quarter worth $33,000. Evergreen Private Wealth LLC raised its stake in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup reiterated an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. DA Davidson lifted their price objective on Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Robert W. Baird lifted their price objective on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Barclays boosted their target price on Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, 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. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $830.68.

Meta Platforms Trading Up 0.7%

META opened at $716.91 on Monday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.96, a P/E/G ratio of 1.50 and a beta of 1.20. The business’s 50 day moving average price is $746.75 and its 200 day moving average price is $684.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

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, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the prior year, the firm posted $5.16 earnings per share. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. 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 is currently 7.60%.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the business’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 value of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher K. Cox sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider directly owned 237,205 shares in the company, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,665 shares of company stock valued at $164,568,109. Insiders own 13.61% of the company’s stock.

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.