Chapin Davis Inc. Decreases Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Chapin Davis Inc. reduced its holdings in Meta Platforms, Inc. by 84.3% during the 2nd quarter, owning only 1,629 shares valued at approximately $1.2 million after selling 8,743 shares.
• Meta reported a strong quarterly earnings performance, with an EPS of $7.14, exceeding estimates by $1.39, and revenue of $47.52 billion, which was up 21.6% year-over-year.
• The company announced a quarterly dividend of $0.525 per share and has set a target for an annualized dividend yield of 0.3%.

Chapin Davis Inc. lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 84.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,629 shares of the social networking company's stock after selling 8,743 shares during the quarter. Chapin Davis Inc.'s holdings in Meta Platforms were worth $1,203,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in META. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter valued at approximately $33,000. JCIC Asset Management Inc. raised its position in shares of 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 buying an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC raised its position in shares of Meta Platforms by 53.6% during the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $760.66 on Thursday. The company has a fifty day simple moving average of $750.00 and a two-hundred day simple moving average of $668.49. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. 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 posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.16 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is 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 presently 7.60%.

Analyst Ratings Changes

Several research firms recently weighed in on META. Zacks Research downgraded shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Bank of America boosted their target price on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Canaccord Genuity Group boosted their target price on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Guggenheim reissued a "buy" rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Truist Financial set a $880.00 target price on Meta Platforms in a research report on Thursday, September 18th. Three equities research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $826.05.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 18,332 shares of the business'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 owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,610 shares of company stock worth $186,301,207. Corporate 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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