ERn Financial LLC Sells 907 Shares of Meta Platforms, Inc. $META

Key Points

• ERn Financial LLC reduced its stake in Meta Platforms, Inc. by 34.2%, selling 907 shares to hold 1,744 shares valued at approximately $1.29 million.
• Wall Street analysts have recently upgraded their price targets for Meta, with estimates ranging from $800.00 to $900.00 and multiple analysts rating the stock as a “Strong Buy”.
• Meta Platforms announced a quarterly dividend of $0.525 per share, translating to an annualized dividend of $2.10 with a yield of 0.3%.

ERn Financial LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 34.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,744 shares of the social networking company's stock after selling 907 shares during the quarter. ERn Financial LLC's holdings in Meta Platforms were worth $1,287,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the last quarter. Permanent Capital Management LP raised its holdings in Meta Platforms by 4.9% during the first quarter. Permanent Capital Management LP now owns 1,891 shares of the social networking company's stock valued at $1,090,000 after buying an additional 89 shares in the last quarter. Procyon Advisors LLC lifted its position in shares of Meta Platforms by 10.1% in the first quarter. Procyon Advisors LLC now owns 56,338 shares of the social networking company's stock worth $32,471,000 after buying an additional 5,154 shares during the last quarter. Finally, Prospect Financial Services LLC boosted its stake in shares of Meta Platforms by 0.7% during the 1st quarter. Prospect Financial Services LLC now owns 5,895 shares of the social networking company's stock worth $3,397,000 after acquiring an additional 39 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Raymond James Financial raised their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a research report on Saturday, September 27th. TD Cowen boosted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, KeyCorp lifted their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Four 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $830.02.

Meta Platforms Stock Down 2.3%

Shares of META opened at $710.56 on Friday. The company has a market capitalization 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, Inc. has a one year low of $479.80 and a one year high of $796.25. The business's 50 day simple moving average is $753.21 and its 200-day simple moving average is $675.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

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, beating analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during 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 revenue was up 21.6% on a year-over-year basis. During the same period last year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued 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 payout ratio is currently 7.60%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the business's 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 directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock worth $164,955,168 in the last 90 days. Corporate 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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