Lionshead Wealth Management LLC Sells 693 Shares of Meta Platforms, Inc. $META

Key Points

• Lionshead Wealth Management LLC reduced its stake in Meta Platforms by 17.5%, selling 693 shares and leaving them with 3,257 shares valued at approximately $1.877 million, making Meta their 18th largest holding.
• Despite the sale, Meta Platforms' stock increased by 2.1%, with shares opening at $754.79 and a market capitalization of $1.90 trillion.
• Meta recently reported earnings per share of $7.14, significantly surpassing analysts' expectations, and announced a quarterly dividend of $0.525, indicating strong financial performance.

Lionshead Wealth Management LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,257 shares of the social networking company's stock after selling 693 shares during the period. Meta Platforms accounts for approximately 1.9% of Lionshead Wealth Management LLC's portfolio, making the stock its 18th largest holding. Lionshead Wealth Management LLC's holdings in Meta Platforms were worth $1,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new stake in shares of 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 during the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the first quarter valued at about $33,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Meta Platforms during the fourth quarter valued at about $45,000. Finally, JCIC Asset Management Inc. increased its position in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Up 2.1%

Shares of NASDAQ META opened at $754.79 on Friday. 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 current ratio of 1.97 and a quick ratio of 1.97. The firm's 50 day simple moving average is $730.31 and its two-hundred day simple moving average is $657.36. The stock has a market capitalization of $1.90 trillion, a P/E ratio of 27.33, a PEG ratio of 1.57 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last released 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th 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, June 16th. Meta Platforms's payout ratio is 7.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on META shares. Rosenblatt Securities upped their price target on Meta Platforms from $846.00 to $918.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Canaccord Genuity Group lifted their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Citizens Jmp lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $402,225.00. Following the completion of the sale, the insider directly owned 32,946 shares in the company, valued at $25,533,150. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock valued at $235,276,424 over the last ninety 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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