Meta Platforms, Inc. $META Shares Sold by Rubicon Global Capital Ltd

Key Points

• Rubicon Global Capital Ltd reduced its stake in Meta Platforms by 14.1% during the second quarter, now holding 76,007 shares valued at approximately $56.1 million.
• Meta Platforms reported $7.14 earnings per share for the most recent quarter, exceeding analysts' expectations and showing a 21.6% increase in revenue compared to the same period last year.
• The company recently declared a quarterly dividend of $0.525 per share, with a 0.3% yield and a dividend payout ratio of 7.60%.

Rubicon Global Capital Ltd lessened its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,007 shares of the social networking company's stock after selling 12,500 shares during the quarter. Meta Platforms comprises about 8.9% of Rubicon Global Capital Ltd's investment portfolio, making the stock its 2nd largest holding. Rubicon Global Capital Ltd's holdings in Meta Platforms were worth $56,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms during the first quarter worth about $28,000. Evergreen Private Wealth LLC lifted 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 in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the first quarter valued at about $33,000. Finally, Maseco LLP bought a new stake in shares of Meta Platforms in the second quarter worth about $54,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

NASDAQ:META opened at $710.56 on Friday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. 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's 50-day simple moving average is $753.21 and its 200 day simple moving average is $675.45. The firm has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 1.48 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the business posted $5.16 EPS. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. Loop Capital reiterated a "buy" rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. TD Cowen upped their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Pivotal Research raised their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, Royal Bank Of Canada lifted their price target on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $830.02.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock valued at $164,955,168 over the last 90 days. 13.61% of the stock is currently owned by insiders.

Meta Platforms Company 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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