Meta Platforms, Inc. $META Shares Sold by RPg Family Wealth Advisory LLC

Key Points

• RPg Family Wealth Advisory LLC reduced its stake in Meta Platforms by 15.5%, selling 2,690 shares and holding 14,704 shares worth approximately $8.5 million.
• Despite the stake reduction by some investors, Meta has seen growth in other institutions, such as ICONIQ Capital, which increased its holdings by 17.3%.
• Wall Street analysts have raised their price targets for Meta, with estimates going up to $850, reflecting a generally positive outlook on the stock's performance.

RPg Family Wealth Advisory LLC trimmed its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,704 shares of the social networking company's stock after selling 2,690 shares during the quarter. Meta Platforms makes up 2.4% of RPg Family Wealth Advisory LLC's portfolio, making the stock its 11th biggest holding. RPg Family Wealth Advisory LLC's holdings in Meta Platforms were worth $8,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. ICONIQ Capital LLC raised its holdings in shares of Meta Platforms by 17.3% in the first quarter. ICONIQ Capital LLC now owns 11,135 shares of the social networking company's stock worth $6,418,000 after acquiring an additional 1,641 shares during the last quarter. Enterprise Financial Services Corp raised its holdings in shares of Meta Platforms by 4.2% in the first quarter. Enterprise Financial Services Corp now owns 6,342 shares of the social networking company's stock worth $3,655,000 after acquiring an additional 258 shares during the last quarter. Doheny Asset Management CA raised its holdings in shares of Meta Platforms by 1.6% in the first quarter. Doheny Asset Management CA now owns 1,297 shares of the social networking company's stock worth $748,000 after acquiring an additional 21 shares during the last quarter. B&D White Capital Company LLC acquired a new position in shares of Meta Platforms in the first quarter worth $333,000. Finally, Cedar Point Capital Partners LLC raised its holdings in shares of Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after acquiring an additional 16 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

META has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Robert W. Baird increased their target price on Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Moffett Nathanson raised their price target on Meta Platforms from $525.00 to $605.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price target on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Susquehanna cut their price objective on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,803 shares of company stock worth $235,276,424. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 2.1%

META opened at $754.79 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a 50 day moving average price of $730.31 and a 200 day moving average price of $657.36. 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 company has a market cap of $1.90 trillion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the firm posted $5.16 earnings per share. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 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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