Meta Platforms, Inc. $META Shares Sold by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC reduced its stake in Meta Platforms by 1.8%, now holding 271,809 shares valued at approximately $200.6 million, making it the firm's fifth largest position.
• Multiple analysts have issued positive ratings for Meta, with price targets as high as $930, resulting in an overall consensus rating of "Buy" for the stock.
• Meta recently paid a quarterly dividend of $0.525 per share, translating to an annualized dividend of $2.10 and a yield of 0.3% with a payout ratio of 7.60%.

Yousif Capital Management LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,809 shares of the social networking company's stock after selling 5,123 shares during the quarter. Meta Platforms comprises approximately 2.2% of Yousif Capital Management LLC's holdings, making the stock its 5th largest position. Yousif Capital Management LLC's holdings in Meta Platforms were worth $200,619,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

META has been the subject of a number of analyst reports. Monness Crespi & Hardt boosted 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. The Goldman Sachs Group reissued a "buy" rating on shares of Meta Platforms in a report on Tuesday, October 14th. Pivotal Research increased their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Citizens Jmp increased their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a report on Wednesday, October 8th. Five investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $829.66.

Meta Platforms Trading Up 0.0%

Shares of META stock opened at $733.41 on Thursday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a market cap of $1.84 trillion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.53 and a beta of 1.20. 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 fifty day moving average of $744.01 and a 200-day moving average of $687.02.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 EPS. The business's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date 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 7.60%.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the completion of the sale, the insider owned 28,794 shares in the company, valued at $20,381,832.90. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders sold 213,663 shares of company stock worth $164,569,365 in the last quarter. 13.61% of the stock is owned by corporate insiders.

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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