Interchange Capital Partners LLC Sells 5,985 Shares of Meta Platforms, Inc. $META

Key Points

• Interchange Capital Partners LLC significantly reduced its stake in Meta Platforms, selling 5,985 shares and holding only 754 shares after the reduction, which accounts for about 0.6% of their investment portfolio.
• Insider transactions revealed that COO Javier Olivan and another insider sold shares worth a combined total of approximately $755,000, indicating recent insider selling activity.
• Meta Platforms exceeded earnings expectations with $7.14 EPS for the last quarter, significantly higher than the consensus estimate of $5.75, accompanied by a revenue of $47.52 billion.

Interchange Capital Partners LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 88.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 754 shares of the social networking company's stock after selling 5,985 shares during the quarter. Meta Platforms comprises about 0.6% of Interchange Capital Partners LLC's investment portfolio, making the stock its 16th biggest position. Interchange Capital Partners LLC's holdings in Meta Platforms were worth $557,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in META. Pachira Investments Inc. raised its stake in Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after purchasing an additional 14 shares in the last quarter. Hemington Wealth Management lifted its stake in Meta Platforms by 0.6% in the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company's stock valued at $1,641,000 after buying an additional 14 shares during the period. Shelton Wealth Management LLC raised its position in shares of Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after purchasing an additional 15 shares during the period. Myecfo LLC raised its position in Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after buying an additional 15 shares during the last quarter. Finally, Kooman & Associates grew its stake in Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after purchasing an additional 15 shares during the period. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $721.30, for a total transaction of $372,912.10. Following the transaction, the chief operating officer owned 8,475 shares of the company's stock, valued at $6,113,017.50. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total value of $382,176.03. Following the completion of the sale, the insider directly owned 28,275 shares in the company, valued at $20,820,861.75. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock worth $164,951,541 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

NASDAQ META opened at $738.36 on Friday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock has a 50-day moving average of $742.11 and a 200 day moving average of $691.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.57 and a beta of 1.20.

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, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on META. KeyCorp increased their price objective on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. DA Davidson lifted their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Citizens Jmp boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Bank of America upped their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price objective on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $829.66.

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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