Logan Capital Management Inc. Trims Stock Holdings in Meta Platforms, Inc. $META

Logan Capital Management Inc. lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,991 shares of the social networking company’s stock after selling 10,627 shares during the period. Meta Platforms accounts for about 2.5% of Logan Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Logan Capital Management Inc.’s holdings in Meta Platforms were worth $54,612,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the 1st quarter valued at about $33,000. Evergreen Private Wealth LLC increased its holdings in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Meta Platforms in the second quarter worth about $42,000. WFA Asset Management Corp lifted its position 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 worth $49,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP bought a new position in Meta Platforms during the second quarter valued at approximately $54,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Up 0.4%

META stock opened at $621.71 on Friday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20. 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 firm’s fifty day simple moving average is $726.22 and its two-hundred day simple moving average is $701.11.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the business earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is 9.28%.

Analyst Upgrades and Downgrades

META has been the topic of a number of research reports. HSBC raised Meta Platforms from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Cantor Fitzgerald cut their target price on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Zacks Research upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. JMP Securities upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $825.00 price objective (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $827.60.

Insider Activity

In other news, COO Javier Olivan sold 2,612 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $782.13, for a total value of $2,042,923.56. Following the sale, the chief operating officer directly owned 7,609 shares in the company, valued at approximately $5,951,227.17. This represents a 25.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 75,798 shares of company stock valued at $58,347,026. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Company 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.