Kennon Green & Company LLC Lowers Stake in Meta Platforms, Inc. $META

Kennon Green & Company LLC cut its position in Meta Platforms, Inc. (NASDAQ:META) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,387 shares of the social networking company’s stock after selling 851 shares during the quarter. Meta Platforms comprises about 8.3% of Kennon Green & Company LLC’s holdings, making the stock its 2nd largest position. Kennon Green & Company LLC’s holdings in Meta Platforms were worth $10,347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Mutual Advisors LLC raised its stake in shares of Meta Platforms by 3.6% in the second quarter. Mutual Advisors LLC now owns 44,076 shares of the social networking company’s stock valued at $31,412,000 after buying an additional 1,520 shares during the period. Tuttle Capital Management LLC bought a new stake in shares of Meta Platforms in the second quarter valued at $426,000. Ritholtz Wealth Management raised its stake in shares of Meta Platforms by 8.7% in the second quarter. Ritholtz Wealth Management now owns 35,165 shares of the social networking company’s stock valued at $25,955,000 after buying an additional 2,800 shares during the period. Triton Wealth Management PLLC bought a new stake in shares of Meta Platforms in the second quarter valued at $2,022,000. Finally, Private Wealth Asset Management LLC raised its stake in shares of Meta Platforms by 7.3% in the second quarter. Private Wealth Asset Management LLC now owns 6,053 shares of the social networking company’s stock valued at $4,468,000 after buying an additional 411 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total value of $12,192,364.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 over the last quarter. 13.61% of the stock is owned by company insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $738.36 on Friday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The business has a 50-day simple moving average of $742.11 and a 200 day simple moving average of $690.10. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.56 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The firm’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is presently 7.60%.

Analysts Set New Price Targets

A number of research firms recently issued reports on META. BMO Capital Markets boosted their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Truist Financial set a $880.00 price objective on Meta Platforms in a research note on Thursday, September 18th. Roth Capital boosted their price objective on Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Scotiabank boosted their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Finally, Bank of America boosted their price objective on Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $829.66.

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.