Mainstream Capital Management LLC Lowers Position in Meta Platforms, Inc. $META

Mainstream Capital Management LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,788 shares of the social networking company’s stock after selling 349 shares during the period. Meta Platforms comprises approximately 4.2% of Mainstream Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Mainstream Capital Management LLC’s holdings in Meta Platforms were worth $5,748,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake 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 acquiring an additional 59,766,000 shares during the period. Invesco Ltd. raised its stake in Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after acquiring an additional 400,927 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 valued at $8,977,361,000 after acquiring an additional 1,255,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Meta Platforms by 4.5% in 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 valued at $7,229,553,000 after acquiring an additional 536,160 shares during the period. Finally, Wellington Management Group LLP raised its stake in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after acquiring an additional 247,850 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on META. Citigroup restated an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Zacks Research cut Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Guggenheim reiterated a “buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Royal Bank Of Canada upped their price target on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Benchmark upped their price target on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $826.05.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $781.33, for a total transaction of $403,947.61. Following the completion of the sale, the chief operating officer owned 10,543 shares of the company’s stock, valued at approximately $8,237,562.19. This represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 230,336 shares of company stock valued at $176,625,049 over the last quarter. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 0.7%

Shares of META opened at $743.75 on Friday. The firm has a market cap of $1.87 trillion, a P/E ratio of 26.93, a P/E/G ratio of 1.55 and a beta of 1.24. The stock has a 50 day simple moving average of $751.74 and a two-hundred day simple moving average of $670.84. 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 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during 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%.Meta Platforms’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

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.