Belpointe Asset Management LLC Sells 1,893 Shares of Meta Platforms, Inc. $META

Key Points

• Belpointe Asset Management LLC reduced its stake in Meta Platforms, Inc. by 5.6%, selling 1,893 shares during the first quarter, leaving them with approximately $18.26 million worth of holdings.
• Multiple hedge funds have made significant adjustments to their positions in Meta, with GAMMA Investing LLC increasing its stake by an astounding 67,172.9%, now owning over 23.45 million shares valued at approximately $13.52 billion.
• Meta Platforms recently reported earnings of $7.14 per share, exceeding analysts' expectations and showing a 21.6% revenue increase compared to the previous year, with revenue reaching $47.52 billion for the quarter.

Belpointe Asset Management LLC lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,674 shares of the social networking company's stock after selling 1,893 shares during the period. Meta Platforms accounts for 0.9% of Belpointe Asset Management LLC's holdings, making the stock its 20th largest holding. Belpointe Asset Management LLC's holdings in Meta Platforms were worth $18,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter valued at approximately $33,000. JCIC Asset Management Inc. boosted its position in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total transaction of $393,142.50. Following the completion of the transaction, the insider owned 31,389 shares in the company, valued at approximately $23,777,167.50. The trade was a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 283,280 shares of company stock valued at $214,119,908. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Up 0.6%

Shares of NASDAQ META traded up $4.69 during trading on Friday, hitting $755.59. 8,240,448 shares of the company traded hands, compared to its average volume of 9,776,048. The business's fifty day moving average is $741.83 and its 200 day moving average is $661.92. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Analysts Set New Price Targets

META has been the topic of a number of recent research reports. Raymond James Financial lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Canaccord Genuity Group lifted their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Guggenheim reiterated a "buy" rating and set a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, Barclays lifted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

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.