Checchi Capital Advisers LLC Has $12.83 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Checchi Capital Advisers LLC has lowered its stake in Meta Platforms by 2.9%, owning 17,382 shares now worth approximately $12.83 million.
• Meta Platforms reported strong quarterly earnings with an EPS of $7.14 and revenue of $47.52 billion, exceeding analyst expectations.
• The company recently declared a dividend of $0.525 per share, marking a 0.3% annual yield, while maintaining a low payout ratio of 7.60%.

Checchi Capital Advisers LLC lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,382 shares of the social networking company's stock after selling 515 shares during the quarter. Checchi Capital Advisers LLC's holdings in Meta Platforms were worth $12,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Csenge Advisory Group lifted its holdings in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after buying an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC raised its stake in Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new position in Meta Platforms in the first quarter valued at about $284,000. Infusive Asset Management Inc. raised its stake in Meta Platforms by 10.7% in the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC raised its stake in Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock valued at $3,011,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $705.30 on Friday. The stock has a market cap of $1.77 trillion, a PE ratio of 25.54, a P/E/G ratio of 1.47 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 business's 50-day moving average price is $752.20 and its two-hundred day moving average price is $679.24. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business posted $5.16 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

Wall Street Analyst Weigh In

META has been the subject of a number of analyst reports. Bank of America boosted their price target on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley boosted their price target on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and issued a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and boosted their price target for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, UBS Group boosted their price target on Meta Platforms from $897.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday. Four equities 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 has an average rating of "Moderate Buy" and an average price target of $830.68.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated 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 approximately $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 accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $704.81, for a total value of $364,386.77. Following the sale, the chief operating officer owned 9,509 shares in the company, valued at approximately $6,702,038.29. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,182 shares of company stock worth $164,946,219. Insiders own 13.61% of the company's stock.

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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