QRG Capital Management Inc. Has $202.09 Million Stake in Meta Platforms, Inc. $META

QRG Capital Management Inc. lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.8% during the first quarter, Holdings Channel.com reports. The fund owned 353,226 shares of the social networking company’s stock after purchasing an additional 48,309 shares during the period. Meta Platforms accounts for about 2.1% of QRG Capital Management Inc.’s holdings, making the stock its 8th biggest holding. QRG Capital Management Inc.’s holdings in Meta Platforms were worth $202,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. RHL Group LLC acquired a new position in shares of Meta Platforms during the 4th quarter valued at $28,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth $29,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at $42,000. Bayban lifted its holdings in shares of Meta Platforms by 100.0% in the first quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after buying an additional 35 shares during the period. Finally, Key Capital Management INC bought a new position in Meta Platforms during the fourth quarter valued at about $48,000. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the topic of a number of research analyst reports. TD Cowen lowered their target price on Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Tigress Financial upped their price target on shares of Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 18th. Susquehanna upgraded shares of Meta Platforms from a “positive” rating to a “positive” rating in a research report on Tuesday, June 2nd. Bank of America lowered their price objective on shares of Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, KeyCorp reiterated an “overweight” rating and issued a $760.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.64.

Insider Buying and Selling

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares in the company, valued at $681,890.56. This represents a 65.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of Meta Platforms stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the sale, the director directly owned 3,443 shares of the company’s stock, valued at $2,092,483.25. This trade represents a 12.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 44,748 shares of company stock worth $27,565,292. 13.53% of the stock is owned by company insiders.

Meta Platforms Stock Up 4.7%

NASDAQ:META opened at $631.48 on Friday. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.06 and a beta of 1.25. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average price is $598.10 and its 200 day moving average price is $626.80.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same period last year, the company posted $6.43 EPS. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s dividend payout ratio is 7.63%.

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta launched Muse Spark 1.1, an upgraded multimodal AI model with agentic coding features and public developer access, signaling a more serious push into enterprise AI and paid API usage. Meta enters the crowded AI coding battle with Muse Spark 1.1
• Positive Sentiment: Reports that Meta plans to start manufacturing its own AI chip in September point to a potential reduction in GPU costs and better control over future AI infrastructure spending. Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
• Positive Sentiment: Meta’s expanding AI infrastructure buildout, including a new large data center in Canada and a reported 250MW energy supply agreement, supports the view that the company is preparing for much larger AI demand. Meta plans billions for first AI data center in Canada, largest outside the US
• Positive Sentiment: Analyst commentary and bullish articles argue Meta’s heavy AI spending could eventually translate into higher margins, compute monetization, and stronger ad products, helping justify the stock’s valuation. Alphabet vs. Meta: Which AI Stock Is the Better Buy Right Now?
• Neutral Sentiment: Some coverage notes Meta’s valuation, aggressive capex, and competition from OpenAI, Anthropic, and Google, which keeps investor expectations balanced even as AI momentum improves. META’s $9B AI Infrastructure Bet, Cloud Ambitions: Is the Stock a Buy?
• Negative Sentiment: There are still concerns that Meta is spending heavily on AI before proving enough near-term returns, and one report said the stock had dipped earlier as capex worries resurfaced. Meta Stock Dips as AI Capex Concerns Arise

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.