Meta Platforms, Inc. $META is Exchange Traded Concepts LLC's 7th Largest Position

Key Points

• Exchange Traded Concepts LLC has reduced its stake in Meta Platforms by 20.7%, owning 210,225 shares after selling 54,776 shares in the second quarter.
• Meta Platforms reported a quarterly earnings per share of $7.14, significantly surpassing the consensus estimate of $5.75, with revenue reaching $47.52 billion, exceeding analyst expectations.
• The company recently announced a quarterly dividend of $0.525, which will be paid to stockholders on September 29th, highlighting a 0.3% dividend yield.

Exchange Traded Concepts LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,225 shares of the social networking company's stock after selling 54,776 shares during the period. Meta Platforms accounts for approximately 1.9% of Exchange Traded Concepts LLC's portfolio, making the stock its 7th largest holding. Exchange Traded Concepts LLC's holdings in Meta Platforms were worth $155,165,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in META. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $33,000. JCIC Asset Management Inc. lifted its position in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC boosted its position in 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 acquiring an additional 30 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,405 shares of company stock worth $196,059,438. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META traded down $13.22 during midday trading on Monday, hitting $765.16. 11,659,363 shares of the stock traded hands, compared to its average volume of 14,694,495. The firm has a market capitalization of $1.92 trillion, a P/E ratio of 27.70, a PEG ratio of 1.62 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. 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 50-day moving average of $747.06 and a two-hundred day moving average of $666.27.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its 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 company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's payout ratio is currently 7.60%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on META shares. UBS Group increased their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. TD Cowen lifted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Pivotal Research lifted their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus 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.