Prime Capital Investment Advisors LLC Sells 21,769 Shares of Meta Platforms, Inc. $META

Key Points

• Prime Capital Investment Advisors LLC reduced its holdings in Meta Platforms by 22.2% after selling 21,769 shares, leaving them with 76,441 shares valued at approximately $56.4 million.
• Meta Platforms reported a strong quarterly performance with an EPS of $7.14, surpassing analysts' expectations of $5.75, along with a 21.6% year-over-year revenue increase to $47.52 billion.
• The company recently declared a quarterly dividend of $0.525 per share, contributing to a 0.3% dividend yield and reflecting a dividend payout ratio of 7.60%.

Prime Capital Investment Advisors LLC lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,441 shares of the social networking company's stock after selling 21,769 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Meta Platforms were worth $56,420,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. GAMMA Investing LLC grew its position in Meta Platforms by 16.7% in the first quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock worth $23,453,000 after acquiring an additional 5,829 shares in the last quarter. Hengehold Capital Management LLC grew its position in Meta Platforms by 26.3% in the first quarter. Hengehold Capital Management LLC now owns 1,267 shares of the social networking company's stock worth $730,000 after acquiring an additional 264 shares in the last quarter. Finally, Asio Capital LLC grew its position in Meta Platforms by 1.3% in the first quarter. Asio Capital LLC now owns 23,432 shares of the social networking company's stock worth $13,505,000 after acquiring an additional 308 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 1.0%

NASDAQ:META opened at $708.65 on Wednesday. The company's 50 day moving average price is $749.89 and its 200-day moving average price is $680.94. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.49 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 earnings per share. The business's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared 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. 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 dividend payout ratio (DPR) is currently 7.60%.

Analyst Upgrades and Downgrades

META has been the subject of several analyst reports. Wedbush upped their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. UBS Group upped their price target on shares of Meta Platforms from $897.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Guggenheim reiterated a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Royal Bank Of Canada increased their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Bank of America increased their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Four 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 MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus target price of $830.68.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,681 shares of company stock worth $163,863,761. 13.61% of the stock is owned by insiders.

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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