Meta Platforms, Inc. $META Shares Sold by O Brien Wealth Partners LLC

Key Points

• O'Brien Wealth Partners LLC reduced its stake in Meta Platforms by 61.2%, selling 855 shares and holding 542 shares worth approximately $400,000 at the end of the second quarter.
• Meta Platforms has recently received several analyst upgrades, with target prices raised significantly, including a new high of $920 from Wedbush.
• The company announced a quarterly dividend of $0.525 per share, with a scheduled payment date of September 29th, indicating a dividend yield of 0.3%.

O Brien Wealth Partners LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 61.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 542 shares of the social networking company's stock after selling 855 shares during the period. O Brien Wealth Partners LLC's holdings in Meta Platforms were worth $400,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Csenge Advisory Group boosted its holdings in shares of Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC boosted its holdings in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. purchased a new stake in Meta Platforms during the first quarter worth $284,000. Infusive Asset Management Inc. boosted its holdings in Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after buying an additional 2,285 shares in the last quarter. Finally, Aspire Growth Partners LLC boosted its holdings in Meta Platforms by 7.3% during the first quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock worth $395,000 after buying an additional 45 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the transaction, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the transaction, the insider directly owned 30,870 shares of the company's stock, valued at $23,682,229.20. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 257,922 shares of company stock worth $196,412,792. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Down 0.2%

NASDAQ:META traded down $1.87 during mid-day trading on Friday, hitting $778.38. The stock had a trading volume of 22,494,703 shares, compared to its average volume of 9,174,566. The stock has a 50-day simple moving average of $747.06 and a two-hundred day simple moving average of $666.00. The company has a market capitalization of $1.96 trillion, a PE ratio of 28.18, a PEG ratio of 1.62 and a beta of 1.24. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

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

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given 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 is Monday, September 22nd. Meta Platforms's payout ratio is presently 7.60%.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Citizens Jmp upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Stifel Nicolaus upped 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. Roth Capital upped their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Citigroup restated an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $826.05.

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.