Connor Clark & Lunn Investment Management Ltd. Has $204.01 Million Stock Position in Meta Platforms, Inc. $META

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 73.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 276,403 shares of the social networking company’s stock after purchasing an additional 117,307 shares during the period. Meta Platforms accounts for approximately 0.7% of Connor Clark & Lunn Investment Management Ltd.’s holdings, making the stock its 29th largest position. Connor Clark & Lunn Investment Management Ltd.’s holdings in Meta Platforms were worth $204,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Evergreen Private Wealth LLC increased its holdings in shares of Meta Platforms by 237.5% during 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. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter worth $33,000. Briaud Financial Planning Inc bought a new position in Meta Platforms during the second quarter worth $42,000. WFA Asset Management Corp increased its holdings in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of Meta Platforms in the second quarter valued at about $54,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Down 1.2%

Shares of NASDAQ META opened at $590.32 on Thursday. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 26.07, a PEG ratio of 1.25 and a beta of 1.20. The stock’s fifty day moving average is $704.12 and its 200 day moving average is $705.68. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the prior year, the company posted $6.03 earnings per share. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Wall Street Analyst Weigh In

Several analysts recently commented on META shares. Truist Financial reduced their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Scotiabank upped their target price on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Bank of America dropped their price target on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $900.00 price target on shares of Meta Platforms in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $825.05.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider directly owned 30,870 shares in the company, valued at $23,682,229.20. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 600 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the completion of the sale, the director directly owned 7,347 shares in the company, valued at approximately $4,476,894.45. This represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 29,024 shares of company stock valued at $19,233,987. 13.61% of the stock is currently owned by insiders.

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.