GSB Wealth Management LLC Has $2.34 Million Position in Meta Platforms, Inc. $META

Key Points

• GSB Wealth Management LLC reduced its stake in Meta Platforms, Inc. by 11.4% in the 2nd quarter, holding 3,172 shares valued at approximately $2.34 million.
• Meta Platforms has a current consensus rating of "Moderate Buy" among analysts, with price target estimates rising significantly, reaching up to $980.00.
• Insider activity reported includes COO Javier Olivan selling 517 shares for over $403,000, while overall, insiders have sold 230,336 shares valued at $176.6 million in the last three months.

GSB Wealth Management LLC cut its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,172 shares of the social networking company's stock after selling 409 shares during the quarter. GSB Wealth Management LLC's holdings in Meta Platforms were worth $2,341,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. increased its position in Meta Platforms by 102.6% during 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 in the last quarter. Finally, Principia Wealth Advisory LLC increased 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 worth $50,000 after purchasing an additional 30 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Raymond James Financial boosted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Loop Capital reissued a "buy" rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Canaccord Genuity Group boosted their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, JMP Securities boosted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" 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 given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $826.05.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $781.33, for a total transaction of $403,947.61. Following the transaction, the chief operating officer directly owned 10,543 shares of the company's stock, valued at $8,237,562.19. This 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 can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the transaction, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 230,336 shares of company stock valued at $176,625,049. 13.61% of the stock is currently owned by insiders.

Meta Platforms Trading Down 1.5%

NASDAQ:META opened at $748.91 on Friday. The firm's fifty day moving average is $750.95 and its 200-day moving average is $669.54. 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 firm has a market cap of $1.88 trillion, a P/E ratio of 27.11, a P/E/G ratio of 1.59 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the firm posted $5.16 EPS. 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. Equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be 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 is Monday, September 22nd. Meta Platforms's dividend payout ratio is currently 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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