Revolve Wealth Partners LLC Has $5.90 Million Stake in Meta Platforms, Inc. $META

Key Points

• Revolve Wealth Partners LLC decreased its stake in Meta Platforms, Inc. by 10.9% during Q2, holding approximately $5.90 million worth of stock after selling 980 shares.
• Meta Platforms has seen significant analyst upgrades, with target prices raised by several firms, including Monness Crespi & Hardt, which increased their target from $780 to $860, citing a "buy" rating.
• The company recently announced a quarterly dividend of $0.525 per share, equating to an annual yield of 0.3% and reflecting a low payout ratio of 7.60%.

Revolve Wealth Partners LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,997 shares of the social networking company's stock after selling 980 shares during the quarter. Meta Platforms accounts for approximately 0.8% of Revolve Wealth Partners LLC's holdings, making the stock its 27th largest holding. Revolve Wealth Partners LLC's holdings in Meta Platforms were worth $5,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at about $28,000. Evergreen Private Wealth LLC increased its position in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter valued at about $33,000. Maseco LLP acquired a new stake in shares of Meta Platforms in the second quarter valued at about $54,000. Finally, JCIC Asset Management Inc. increased its position in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. Monness Crespi & Hardt lifted their target price on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Robert W. Baird lifted their target price on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Oppenheimer lowered their target price on Meta Platforms from $870.00 to $825.00 and set an "outperform" rating on the stock in a research report on Monday. Morgan Stanley lifted their price target on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Meta Platforms in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $829.66.

Meta Platforms Trading Up 0.1%

Shares of NASDAQ:META opened at $734.00 on Friday. 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 $1.84 trillion, a PE ratio of 26.57, a P/E/G ratio of 1.53 and a beta of 1.20. The business has a 50 day moving average of $743.05 and a 200-day moving average of $688.52. 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 issued its quarterly 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 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%.The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Insider Activity

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were 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 represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock valued at $164,951,541 in the last three months. Company 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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