Strs Ohio Has $720.84 Million Stock Holdings in Meta Platforms, Inc. $META

by · The Markets Daily

Strs Ohio cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 976,622 shares of the social networking company’s stock after selling 14,227 shares during the period. Meta Platforms comprises approximately 2.7% of Strs Ohio’s holdings, making the stock its 5th largest position. Strs Ohio’s holdings in Meta Platforms were worth $720,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the first quarter worth about $33,000. Evergreen Private Wealth LLC lifted its stake in shares of Meta Platforms by 237.5% in the 2nd 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 period. Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms in the second quarter worth approximately $42,000. WFA Asset Management Corp boosted 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 worth $49,000 after buying an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new stake in Meta Platforms during the second quarter valued at approximately $54,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on META shares. Cantor Fitzgerald decreased their price target on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $900.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Wells Fargo & Company reduced their price target on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Bank of America decreased their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Read Our Latest Stock Report on META

Meta Platforms Stock Performance

NASDAQ:META opened at $631.76 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The stock has a 50-day moving average price of $724.08 and a 200 day moving average price of $704.49. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 27.90, a P/E/G ratio of 1.38 and a beta of 1.20.

Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. During the same period in the previous year, the firm earned $6.03 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business 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. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 2,612 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $782.13, for a total transaction of $2,042,923.56. Following the completion of the transaction, the chief operating officer owned 7,609 shares in the company, valued at $5,951,227.17. This trade represents a 25.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $402,225.00. Following the completion of the sale, the insider directly owned 32,946 shares in the company, valued at $25,533,150. This trade represents a 1.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 59,434 shares of company stock valued at $45,476,396 in the last ninety days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Company Profile

(Free Report)

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.

See Also

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