Meta Platforms, Inc. $META Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Meta Platforms by 4.6% during the second quarter, now holding approximately 1.6% of its portfolio in the company.
• Meta Platforms reported $7.14 earnings per share for the last quarter, exceeding analysts' expectations of $5.75, and achieved a 21.6% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.525 per share, representing an annualized yield of 0.3%.

Allspring Global Investments Holdings LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,332,078 shares of the social networking company's stock after selling 63,785 shares during the quarter. Meta Platforms comprises approximately 1.6% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 4th biggest position. Allspring Global Investments Holdings LLC owned approximately 0.05% of Meta Platforms worth $958,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $28,000. Evergreen Private Wealth LLC boosted its holdings in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $33,000. Maseco LLP acquired a new stake in shares of Meta Platforms in the second quarter valued at approximately $54,000. Finally, JCIC Asset Management Inc. boosted its holdings in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Up 0.0%

Meta Platforms stock opened at $733.41 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock's fifty day moving average is $744.01 and its two-hundred day moving average is $687.02.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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 company had revenue of $47.52 billion for 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 revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 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. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director owned 7,947 shares of the company's stock, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $721.30, for a total value of $372,912.10. Following the sale, the chief operating officer directly owned 8,475 shares in the company, valued at approximately $6,113,017.50. The trade was a 5.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,663 shares of company stock valued at $164,569,365 over the last quarter. Insiders own 13.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. JMP Securities increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Sanford C. Bernstein increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on Meta Platforms from $811.00 to $837.00 and gave the company an "overweight" rating in a report on Tuesday, October 7th. Finally, Pivotal Research increased their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms has a consensus 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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