New Wave Wealth Advisors LLC Sells 992 Shares of Meta Platforms, Inc. $META

New Wave Wealth Advisors LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,477 shares of the social networking company's stock after selling 992 shares during the period. Meta Platforms comprises 1.4% of New Wave Wealth Advisors LLC's holdings, making the stock its 19th largest holding. New Wave Wealth Advisors LLC's holdings in Meta Platforms were worth $3,304,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Csenge Advisory Group boosted its stake in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. ARQ Wealth Advisors LLC boosted its stake in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. purchased a new position in shares of Meta Platforms during the 1st quarter worth about $284,000. Infusive Asset Management Inc. boosted its stake in shares of Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after purchasing an additional 2,285 shares during the period. Finally, Spirepoint Private Client LLC boosted its stake in shares of Meta Platforms by 2.7% during the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock worth $3,011,000 after purchasing an additional 109 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

Shares of META opened at $717.84 on Thursday. The company has a 50 day moving average price of $753.89 and a 200-day moving average price of $677.44. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.99, a PEG ratio of 1.49 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.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the prior year, the company earned $5.16 EPS. The company's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Wall Street Analysts Forecast Growth

META has been the subject of a number of recent analyst reports. Citizens Jmp lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Truist Financial set a $880.00 price target on shares of Meta Platforms in a research note on Thursday, September 18th. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their price objective for the company from $610.00 to $900.00 in a research report on Thursday, July 31st. Oppenheimer boosted their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Piper Sandler boosted their price objective on shares of Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $830.61.

Insider Activity

In related news, CFO Susan J. Li sold 18,332 shares of the business's 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,663 shares of company stock worth $164,574,107. Insiders own 13.61% of the company's stock.

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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