Dakota Wealth Management Sells 23,027 Shares of Meta Platforms, Inc. $META

Key Points

• Dakota Wealth Management reduced its stake in Meta Platforms by 23.1%, selling 23,027 shares and now owning 76,870 shares, which represent about 1.2% of their investment portfolio.
• Meta Platforms reported an earnings per share (EPS) of $7.14 for the last quarter, exceeding estimates by $1.39, with revenue of $47.52 billion, a 21.6% year-over-year increase.
• Insider trading activity showed recent sales of shares by top executives, with insiders selling a combined total of 215,507 shares valued at approximately $165.87 million over the last 90 days.

Dakota Wealth Management trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,870 shares of the social networking company's stock after selling 23,027 shares during the period. Meta Platforms accounts for about 1.2% of Dakota Wealth Management's investment portfolio, making the stock its 10th largest position. Dakota Wealth Management's holdings in Meta Platforms were worth $56,737,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in META. Inlight Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter valued at about $33,000. Maseco LLP purchased a new position in Meta Platforms in the 2nd quarter valued at about $54,000. Finally, JCIC Asset Management Inc. lifted its holdings in Meta Platforms by 102.6% in 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 in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 0.0%

NASDAQ META opened at $743.40 on Tuesday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company's 50 day moving average price is $752.34 and its 200 day moving average price is $672.35. 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 firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.55 and a beta of 1.24.

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, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the firm posted $5.16 earnings per share. 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. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $781.33, for a total value of $403,947.61. Following the completion of the sale, the chief operating officer owned 10,543 shares of the company's stock, valued at $8,237,562.19. This trade represents a 4.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total transaction of $399,214.80. Following the completion of the sale, the insider directly owned 30,351 shares of the company's stock, valued at $23,345,989.20. This trade represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 215,507 shares of company stock valued at $165,874,850 over the last 90 days. 13.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on META shares. Roth Capital upped their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Zacks Research lowered shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Finally, Scotiabank increased their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Three investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $826.05.

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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