Cahaba Wealth Management Inc. Trims Holdings in Meta Platforms, Inc. $META

Key Points

• Cahaba Wealth Management Inc. reduced its stake in Meta Platforms, Inc. by 39.8% in the second quarter, owning 541 shares valued at $399,000 after selling 357 shares.
• Meta Platforms reported earnings of $7.14 per share for the last quarter, exceeding estimates, with revenues reaching $47.52 billion, up 21.6% year-over-year.
• The company declared a quarterly dividend of $0.525 per share, reflecting an annualized dividend yield of 0.3% and a payout ratio of 7.60%.

Cahaba Wealth Management Inc. trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 39.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 541 shares of the social networking company's stock after selling 357 shares during the quarter. Cahaba Wealth Management Inc.'s holdings in Meta Platforms were worth $399,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Pachira Investments Inc. raised its stake in shares of Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after purchasing an additional 14 shares during the last quarter. Shelton Wealth Management LLC raised its stake in shares of Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after purchasing an additional 15 shares during the last quarter. Myecfo LLC raised its stake in shares of Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock worth $573,000 after purchasing an additional 15 shares during the last quarter. Kooman & Associates raised its position in Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after acquiring an additional 15 shares in the last quarter. Finally, Cedar Point Capital Partners LLC raised its position in Meta Platforms by 2.2% during the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after acquiring an additional 16 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Down 2.3%

Meta Platforms stock opened at $717.34 on Thursday. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The business has a 50 day simple moving average of $753.01 and a 200-day simple moving average of $673.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 39.33% and a net margin of 39.99%.The business's revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

META has been the subject of several recent research reports. Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. JMP Securities lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Loop Capital reiterated a "buy" rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Canaccord Genuity Group lifted their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Scotiabank lifted their price target on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $830.02.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director directly owned 8,412 shares of the company's stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total value of $399,214.80. Following the completion of the sale, the insider directly owned 30,351 shares in the company, valued at $23,345,989.20. This represents a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,663 shares of company stock valued at $164,570,329 over the last ninety days. Insiders own 13.61% of the company's stock.

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.

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