Pallas Capital Advisors LLC Sells 1,318 Shares of Meta Platforms, Inc. $META

Key Points

• Pallas Capital Advisors LLC reduced its stake in Meta Platforms, Inc. by 5.7% during Q2, currently holding 21,616 shares valued at approximately $15.95 million.
• Meta recently declared a quarterly dividend of $0.525 per share, with an annualized yield of 0.3% and a payout ratio of 7.60%.
• Wall Street analysts have positively revised their price targets for Meta, with estimates ranging from $811 to $880, indicating strong investor sentiment toward the stock.

Pallas Capital Advisors LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,616 shares of the social networking company's stock after selling 1,318 shares during the period. Pallas Capital Advisors LLC's holdings in Meta Platforms were worth $15,954,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in META. GAMMA Investing LLC lifted its holdings in shares of Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after buying an additional 23,417,803 shares during the period. Invesco Ltd. boosted its position in shares of Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after purchasing an additional 1,255,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Meta Platforms by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company's stock valued at $7,229,553,000 after purchasing an additional 536,160 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock valued at $5,787,329,000 after purchasing an additional 247,850 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $391,611.99. Following the sale, the chief operating officer owned 11,060 shares in the company, valued at $8,377,618.20. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction that occurred on 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 sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,922 shares of company stock worth $196,412,792 over the last 90 days. Company insiders own 13.61% of the company's stock.

Meta Platforms Trading Down 0.2%

Shares of Meta Platforms stock traded down $1.87 during trading hours on Friday, hitting $778.38. The company's stock had a trading volume of 22,494,703 shares, compared to its average volume of 9,174,566. 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 $1.96 trillion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The stock has a 50 day moving average of $747.06 and a 200 day moving average of $665.93. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms'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 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on META. Truist Financial set a $880.00 price objective on Meta Platforms in a research note on Thursday. Benchmark increased their price objective on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Loop Capital reissued a "buy" rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Bank of America raised their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, KeyCorp raised their price target on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Three research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $826.05.

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.