Pictet North America Advisors SA Sells 1,629 Shares of Meta Platforms, Inc. $META

Key Points

• Pictet North America Advisors SA reduced its holdings in Meta Platforms, Inc. by 4.4%, selling 1,629 shares, leaving it with 35,014 shares valued at approximately $25.8 million.
• Meta reported a strong earnings quarter with $7.14 EPS, exceeding expectations, alongside a revenue of $47.52 billion, marking a 21.6% year-over-year increase.
• The company announced a quarterly dividend of $0.525 per share, representing an annualized yield of 0.3%, with the dividend set to be paid on September 29th.

Pictet North America Advisors SA decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,014 shares of the social networking company's stock after selling 1,629 shares during the quarter. Meta Platforms accounts for about 2.5% of Pictet North America Advisors SA's investment portfolio, making the stock its 11th biggest position. Pictet North America Advisors SA's holdings in Meta Platforms were worth $25,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of META. Brighton Jones LLC grew its stake in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Meta Platforms by 73.5% during the first quarter. Versant Capital Management Inc now owns 6,391 shares of the social networking company's stock valued at $3,683,000 after buying an additional 2,707 shares during the last quarter. Cadinha & Co. LLC bought a new position in shares of Meta Platforms during the first quarter valued at approximately $6,548,000. Finally, Sage Capital Advisors llc grew its stake in shares of Meta Platforms by 4.1% during the first quarter. Sage Capital Advisors llc now owns 1,807 shares of the social networking company's stock valued at $1,042,000 after buying an additional 71 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Down 0.7%

Shares of NASDAQ META opened at $743.75 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.87 trillion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The stock's fifty day simple moving average is $751.74 and its two-hundred day simple moving average is $670.49. 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 announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion for 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%.The business's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is 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 presently 7.60%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler raised their price objective on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Citizens Jmp raised their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Oppenheimer raised their price objective on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wedbush raised their price objective on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus raised their price objective on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $826.05.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $781.33, for a total value of $403,947.61. Following the completion of the sale, the chief operating officer owned 10,543 shares of the company's stock, valued at $8,237,562.19. This trade represents a 4.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total value of $399,214.80. Following the completion of the sale, the insider directly owned 30,351 shares of the company's stock, valued at $23,345,989.20. The trade was a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 230,336 shares of company stock valued at $176,625,049 in the last quarter. 13.61% of the stock is currently owned by corporate insiders.

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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