Meta Platforms, Inc. $META Shares Acquired by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its stake in Meta Platforms by 69.1%, owning 27,738 shares valued at approximately $20.5 million.
• Insider sales included CTO Andrew Bosworth selling 11,694 shares for about $9 million, and CEO Mark Zuckerberg selling 15,847 shares for around $12.2 million in recent transactions.
• Meta Platforms reported strong earnings with $7.14 earnings per share, exceeding estimates, alongside a quarterly revenue of $47.52 billion, a 21.6% increase year-over-year.

Simplicity Wealth LLC grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 69.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,738 shares of the social networking company's stock after purchasing an additional 11,332 shares during the period. Meta Platforms makes up 0.9% of Simplicity Wealth LLC's holdings, making the stock its 21st largest position. Simplicity Wealth LLC's holdings in Meta Platforms were worth $20,472,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the first quarter worth about $33,000. Evergreen Private Wealth LLC grew its holdings in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares during the period. Finally, JCIC Asset Management Inc. grew its holdings 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 worth $46,000 after acquiring an additional 40 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,665 shares of company stock worth $164,575,272. 13.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

META has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. KeyCorp raised their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. JMP Securities raised their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Citizens Jmp raised their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $830.68.

Meta Platforms Stock Down 3.8%

Shares of META opened at $705.30 on Monday. The firm has a market cap of $1.77 trillion, a P/E ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20. The stock's 50 day moving average is $752.20 and its two-hundred day moving average is $679.78. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

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 the consensus estimate of $5.75 by $1.39. The business 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%.The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given 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 7.60%.

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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