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

Great Lakes Retirement Inc. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 9,342 shares of the social networking company’s stock after buying an additional 284 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Meta Platforms were worth $6,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in META. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the first quarter worth about $33,000. Evergreen Private Wealth LLC lifted 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 valued at $40,000 after purchasing an additional 38 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms in the 2nd quarter valued at approximately $42,000. WFA Asset Management Corp increased its stake in Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in Meta Platforms during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,397 shares of company stock valued at $44,662,165 over the last three months. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $627.08 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The business has a 50-day moving average of $721.92 and a 200-day moving average of $705.05. The stock has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.40 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 9.28%.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. 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 report on Thursday, July 31st. Oppenheimer cut shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. TD Cowen lowered their target price on Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $900.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Rosenblatt Securities upped their price objective on Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $827.60.

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.