Great Lakes Retirement Inc. Has $6.90 Million Stock Position in Meta Platforms, Inc. $META

Great Lakes Retirement Inc. grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,342 shares of the social networking company’s stock after purchasing an additional 284 shares during the period. Great Lakes Retirement Inc.’s holdings in Meta Platforms were worth $6,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the 1st quarter valued at $33,000. Evergreen Private Wealth LLC lifted its holdings in Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Meta Platforms in the second quarter valued at about $42,000. WFA Asset Management Corp grew its stake in Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after buying an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms during the second quarter worth approximately $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on META shares. Canaccord Genuity Group reissued a “buy” rating and issued a $900.00 target price on shares of Meta Platforms in a report on Thursday, October 30th. Bank of America cut their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Hsbc Global Res upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Stifel Nicolaus lowered their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Erste Group Bank downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $402,225.00. Following the completion of the transaction, the insider directly owned 32,946 shares in the company, valued at approximately $25,533,150. This trade represents a 1.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,397 shares of company stock valued at $44,662,165 in the last three months. Insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $627.08 on Wednesday. The business’s 50-day simple moving average is $721.92 and its 200 day simple moving average is $705.05. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.40 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period in the previous year, the business posted $6.03 EPS. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share 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. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 9.28%.

Meta Platforms 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.