Sara Bay Financial Sells 1,126 Shares of Meta Platforms, Inc. $META

Key Points

• Sara Bay Financial has reduced its stake in Meta Platforms, Inc. by 3.8%, owning 28,451 shares worth approximately $20,999,000 after selling 1,126 shares in Q2.
• Meta Platforms recently reported $7.14 earnings per share (EPS) for the last quarter, exceeding estimates and showing 21.6% year-over-year revenue growth.
• Meta has announced a quarterly dividend of $0.525 per share, payable on September 29th, with a current dividend yield of 0.3%.

Sara Bay Financial lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,451 shares of the social networking company's stock after selling 1,126 shares during the period. Meta Platforms accounts for 7.5% of Sara Bay Financial's holdings, making the stock its 4th largest holding. Sara Bay Financial's holdings in Meta Platforms were worth $20,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Csenge Advisory Group lifted its holdings in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. ARQ Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 34 shares during the period. JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms during the first quarter worth $284,000. Infusive Asset Management Inc. raised its stake 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 during the last quarter. Finally, Aspire Growth Partners LLC raised its stake 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 during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on META. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Citizens Jmp lifted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. Wedbush lifted their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $826.05.

Meta Platforms Price Performance

META stock opened at $743.75 on Friday. The firm's 50-day moving average price is $751.74 and its two-hundred day moving average price is $670.84. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 26.93, a PEG ratio of 1.55 and a beta of 1.24. 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 (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 previous year, the company earned $5.16 earnings per share. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.525 per share. 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 payout ratio is presently 7.60%.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $781.33, for a total transaction of $403,947.61. Following the sale, the chief operating officer owned 10,543 shares of the company's stock, valued at approximately $8,237,562.19. The trade was a 4.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 230,336 shares of company stock valued at $176,625,049. Corporate insiders own 13.61% of the company's stock.

Meta Platforms 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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