Meta Platforms, Inc. $META is Perigon Wealth Management LLC's 10th Largest Position

Key Points

• Perigon Wealth Management LLC has reduced its stake in Meta Platforms, Inc. by 1.5%, now holding 69,616 shares, which accounts for 1.2% of its total holdings and makes it the firm's 10th largest position.
• Meta reported earnings of $7.14 per share for the last quarter, exceeding analysts' expectations of $5.75, with revenues of $47.52 billion, reflecting a year-over-year increase of 21.6%.
• Meta recently declared a quarterly dividend of $0.525 per share, which represents a 0.3% dividend yield and a payout ratio of 7.60% based on the latest financial data.

Perigon Wealth Management LLC trimmed its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,616 shares of the social networking company's stock after selling 1,090 shares during the period. Meta Platforms comprises 1.2% of Perigon Wealth Management LLC's holdings, making the stock its 10th biggest holding. Perigon Wealth Management LLC's holdings in Meta Platforms were worth $51,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the first quarter valued at $33,000. JCIC Asset Management Inc. grew its position in 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. Finally, Principia Wealth Advisory LLC grew its position in Meta Platforms by 53.6% during the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were 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 owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction that occurred on 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 owned 1,799 shares of the company's stock, valued at $1,394,225. This represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 215,507 shares of company stock worth $165,874,850. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of META opened at $743.40 on Tuesday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market cap of $1.87 trillion, a PE ratio of 26.92, a P/E/G ratio of 1.55 and a beta of 1.24. The firm has a 50-day simple moving average of $752.34 and a two-hundred day simple moving average of $672.35. 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 announced 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 business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is 7.60%.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Cowen raised their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wedbush lifted their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Roth Capital lifted their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer lifted their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Truist Financial set a $880.00 target price on shares of Meta Platforms in a research report on Thursday, September 18th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $826.05.

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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