Cambridge Advisors Inc. Sells 622 Shares of Meta Platforms, Inc. $META

Key Points

• Cambridge Advisors Inc. reduced its holdings in Meta Platforms by 18.6%, selling 622 shares and bringing its total ownership down to 2,731 shares, valued at around $2,015,000.
• Several analysts have issued high forecasts for Meta's stock, with price targets ranging from $800 to $925, based on recent upgrades from firms like HSBC and UBS.
• Meta reported quarterly earnings of $7.14 EPS, significantly surpassing analysts' estimates, and revealed a dividend of $0.525 per share paid in September.

Cambridge Advisors Inc. reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,731 shares of the social networking company's stock after selling 622 shares during the period. Cambridge Advisors Inc.'s holdings in Meta Platforms were worth $2,015,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in META. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the 1st quarter valued at $33,000. JCIC Asset Management Inc. lifted its position in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC boosted its stake in Meta Platforms by 53.6% in the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on META. Guggenheim reissued a "buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and increased their target price for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. JMP Securities boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. UBS Group raised their price objective on Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Mizuho set a $925.00 target price on Meta Platforms and gave the stock an "outperform" rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $830.02.

Meta Platforms Trading Down 1.2%

META opened at $734.38 on Wednesday. The company's 50-day moving average is $752.94 and its 200 day moving average is $672.78. The firm has a market capitalization of $1.84 trillion, a PE ratio of 26.59, 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 current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $44.55 billion. During the same quarter in the prior year, the company earned $5.16 EPS. The business's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's payout ratio is presently 7.60%.

Insider Activity at Meta Platforms

In related 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 transaction of $352,223.55. Following the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total value of $399,214.80. Following the transaction, the insider owned 30,351 shares of the company's stock, valued at $23,345,989.20. The trade was a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,146 shares of company stock worth $164,183,241 in the last ninety days. 13.61% of the stock is owned by company insiders.

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.

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