Naviter Wealth LLC Sells 937 Shares of Meta Platforms, Inc. $META

Key Points

• Naviter Wealth LLC reduced its stake in Meta Platforms by 5.6%, selling 937 shares and now holding 15,940 shares, valued at approximately $11.77 million.
• Meta Platforms reported a strong quarterly performance with $7.14 EPS, exceeding analyst expectations of $5.75, and revenue of $47.52 billion, marking a 21.6% increase year-over-year.
• Several analysts have upgraded their ratings for Meta Platforms, with price targets raised significantly, reflecting strong investor confidence in the stock's future performance.

Naviter Wealth LLC lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,940 shares of the social networking company's stock after selling 937 shares during the period. Meta Platforms comprises approximately 1.4% of Naviter Wealth LLC's holdings, making the stock its 12th largest position. Naviter Wealth LLC's holdings in Meta Platforms were worth $11,765,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of 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 purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Meta Platforms by 10.2% during 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 boosted its holdings in shares of Meta Platforms by 16.7% during 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 boosted its holdings in shares of Meta Platforms by 137.2% during 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, Spinnaker Investment Group LLC boosted its holdings in shares of Meta Platforms by 41.7% during the 1st quarter. Spinnaker Investment Group LLC now owns 1,009 shares of the social networking company's stock valued at $582,000 after purchasing an additional 297 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of META stock opened at $734.00 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $1.84 trillion, a P/E ratio of 26.57, a P/E/G ratio of 1.53 and a beta of 1.20. The company's 50-day simple moving average is $743.05 and its two-hundred day simple moving average is $688.52. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid 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 currently 7.60%.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 in the last ninety days. Company insiders own 13.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on META. Benchmark increased their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Zacks Research upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Monday. Canaccord Genuity Group increased their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Sanford C. Bernstein increased their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus increased their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $829.66.

About Meta Platforms

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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