Cairn Investment Group Inc. Sells 3,805 Shares of Meta Platforms, Inc. $META

Key Points

• Cairn Investment Group Inc. reduced its holdings in Meta Platforms by 49.2%, selling 3,805 shares, and now owns 3,928 shares, valued at approximately $2.9 million.
• Several brokerages revised their price targets for META, with Barclays raising it from $640 to $810, while Pivotal Research increased their target from $830 to $930, indicating strong market confidence.
• Meta Platforms announced a quarterly dividend of $0.525 per share, paid on September 29, contributing to an annualized yield of 0.3%.

Cairn Investment Group Inc. decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 49.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,928 shares of the social networking company's stock after selling 3,805 shares during the quarter. Meta Platforms comprises approximately 1.5% of Cairn Investment Group Inc.'s portfolio, making the stock its 25th biggest position. Cairn Investment Group Inc.'s holdings in Meta Platforms were worth $2,899,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms in the first quarter worth $28,000. Evergreen Private Wealth LLC raised its holdings in Meta Platforms by 237.5% in the second 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 in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms during the first quarter valued at $33,000. Finally, Maseco LLP bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $54,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on META. Barclays increased their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial set a $880.00 target price on shares of Meta Platforms in a research note on Thursday, September 18th. Guggenheim reiterated a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Bank of America upped their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Pivotal Research raised their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $830.02.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $710.56 on Friday. The company has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.48 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock's 50-day simple moving average is $753.21 and its 200-day simple moving average is $675.45. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the business posted $5.16 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced 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 payout ratio is 7.60%.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock worth $164,955,168 in the last three months. Insiders own 13.61% of the company's stock.

Meta Platforms 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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