Enclave Advisors LLC Sells 3,451 Shares of Meta Platforms, Inc. $META

Key Points

• Enclave Advisors LLC reduced its stake in Meta Platforms, Inc. by 44.0% during the second quarter, selling 3,451 shares and holding 4,392 shares valued at approximately $3.24 million afterward.
• Insider trading activity included major sales by CTO Andrew Bosworth and CEO Mark Zuckerberg, with a total of 214,182 shares valued at $165 million sold by insiders over the past three months.
• Recent analyst reports show a positive trend, with multiple firms raising their price targets for Meta, with the average target now at $830.02 and a majority rating the stock as Buy.

Enclave Advisors LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 44.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,392 shares of the social networking company's stock after selling 3,451 shares during the quarter. Enclave Advisors LLC's holdings in Meta Platforms were worth $3,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Albion Financial Group UT lifted its position in shares of Meta Platforms by 0.7% during the 2nd quarter. Albion Financial Group UT now owns 24,151 shares of the social networking company's stock valued at $17,826,000 after acquiring an additional 169 shares during the period. Greenbush Financial Group LLC increased its position in shares of Meta Platforms by 4.1% in the second quarter. Greenbush Financial Group LLC now owns 2,845 shares of the social networking company's stock worth $2,100,000 after purchasing an additional 113 shares during the period. V Square Quantitative Management LLC raised its stake in Meta Platforms by 127.6% in the second quarter. V Square Quantitative Management LLC now owns 1,404 shares of the social networking company's stock valued at $1,036,000 after purchasing an additional 787 shares in the last quarter. Vermillion Wealth Management Inc. lifted its position in Meta Platforms by 6.8% during the second quarter. Vermillion Wealth Management Inc. now owns 553 shares of the social networking company's stock worth $408,000 after purchasing an additional 35 shares during the period. Finally, Norris Perne & French LLP MI lifted its position in Meta Platforms by 1,136.6% during the second quarter. Norris Perne & French LLP MI now owns 8,483 shares of the social networking company's stock worth $6,261,000 after purchasing an additional 7,797 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the topic of several recent analyst reports. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Roth Capital increased their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays lifted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Piper Sandler upped their target price on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, JMP Securities lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Four 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $830.02.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock valued at $164,955,168 over the last three months. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Down 2.3%

Shares of NASDAQ:META opened at $710.56 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The business's 50 day simple moving average is $753.21 and its two-hundred day simple moving average is $675.45. The firm has a market cap of $1.79 trillion, a P/E ratio of 25.73, a PEG ratio of 1.48 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data 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 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 previous year, the company posted $5.16 earnings per share. The company's quarterly revenue 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 forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

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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