Catalina Capital Group LLC Decreases Stock Position in Meta Platforms, Inc. $META

Key Points

• Catalina Capital Group LLC reduced its holdings in Meta Platforms, Inc. by 13.2%, now owning 4,185 shares, worth approximately $3,089,000.
• Insiders, including Director Robert M. Kimmitt and COO Javier Olivan, sold shares worth over $716,000, indicating a 5.24% and 5.16% decrease in their respective positions.
• Meta Platforms recently declared a $0.525 quarterly dividend, yielding 0.3%, reflecting a payout ratio of 7.60%.

Catalina Capital Group LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,185 shares of the social networking company's stock after selling 636 shares during the period. Meta Platforms accounts for approximately 2.0% of Catalina Capital Group LLC's portfolio, making the stock its 12th largest holding. Catalina Capital Group LLC's holdings in Meta Platforms were worth $3,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter valued at $28,000. Evergreen Private Wealth LLC lifted its position in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the first quarter valued at $33,000. Finally, Maseco LLP purchased a new stake in shares of Meta Platforms in the second quarter valued at $54,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the completion of the sale, the chief operating officer directly owned 9,509 shares of the company's stock, valued at approximately $6,702,038.29. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 214,182 shares of company stock worth $164,946,219. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 2.2%

Shares of NASDAQ META opened at $733.51 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock's 50-day simple moving average is $753.09 and its 200-day simple moving average is $678.22.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid 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 7.60%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on META shares. Scotiabank upped their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 price objective on shares of Meta Platforms in a research note on Wednesday, September 17th. Royal Bank Of Canada upped their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and increased their price target for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, DA Davidson increased their price target on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Four 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $830.68.

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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