Meta Platforms, Inc. $META Shares Sold by Prairie Sky Financial Group LLC

Key Points

• Prairie Sky Financial Group LLC reduced its holdings in Meta Platforms, Inc. by 36.6%, now owning 597 shares valued at approximately $441,000.
• Several analysts have raised their price targets for Meta Platforms, with estimates reaching as high as $900 per share and a consensus target of $829.66.
• Meta Platforms declared a quarterly dividend of $0.525, representing an annualized yield of 0.3%, with a payout ratio currently at 7.60%.

Prairie Sky Financial Group LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 36.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 597 shares of the social networking company's stock after selling 344 shares during the period. Prairie Sky Financial Group LLC's holdings in Meta Platforms were worth $441,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. GAMMA Investing LLC lifted its position in Meta Platforms by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock valued at $23,453,000 after purchasing an additional 5,829 shares during the last quarter. 1776 Wealth LLC lifted its position in Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company's stock valued at $673,000 after purchasing an additional 675 shares during the last quarter. Finally, LifeSteps Financial Inc. increased its stake in Meta Platforms by 3.8% during the 1st quarter. LifeSteps Financial Inc. now owns 1,069 shares of the social networking company's stock valued at $616,000 after buying an additional 39 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on META shares. Monness Crespi & Hardt lifted their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of Meta Platforms from $811.00 to $837.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a research note on Saturday. JMP Securities lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $829.66.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $721.30, for a total transaction 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. This trade represents a 5.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,182 shares of company stock worth $164,951,541. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 0.6%

Shares of NASDAQ META opened at $738.36 on Friday. The firm has a market capitalization of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. 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, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm's 50-day moving average is $742.11 and its 200-day moving average is $691.34.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) 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 net margin of 39.99% and a return on equity of 39.33%. The company's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given 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 was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

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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