Meta Platforms, Inc. $META Shares Sold by Selective Wealth Management Inc.

Key Points

• Selective Wealth Management Inc. holds a stake worth $11.67 million in Meta Platforms, Inc., accounting for 4.3% of its investment portfolio after a 2.2% decrease in shares during the 2nd quarter.
• Meta Platforms reported EPS of $7.14 for the last quarter, exceeding analyst expectations of $5.75, with a revenue of $47.52 billion, a 21.6% increase year-over-year.
• The company announced a quarterly dividend of $0.525 per share, representing a dividend yield of 0.3% and a payout ratio of 7.60%.

Selective Wealth Management Inc. lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,925 shares of the social networking company's stock after selling 352 shares during the quarter. Meta Platforms comprises 4.3% of Selective Wealth Management Inc.'s investment portfolio, making the stock its 3rd largest holding. Selective Wealth Management Inc.'s holdings in Meta Platforms were worth $11,670,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms in the first quarter worth approximately $33,000. JCIC Asset Management Inc. boosted its holdings 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 worth $46,000 after buying an additional 40 shares during the last quarter. Finally, Principia Wealth Advisory LLC grew its position in shares of Meta Platforms by 53.6% during the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity

In other news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider directly owned 30,870 shares of the company's stock, valued at $23,682,229.20. The trade was a 1.65% decrease in their position. The sale 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 business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, 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 sold 257,922 shares of company stock valued at $196,412,792 in the last ninety days. Company insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $1.87 on Friday, hitting $778.38. The company's stock had a trading volume of 22,494,703 shares, compared to its average volume of 9,828,774. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a fifty day moving average price of $747.06 and a 200-day moving average price of $666.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results 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 return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the business earned $5.16 earnings per share. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed 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. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's payout ratio is currently 7.60%.

Wall Street Analysts Forecast Growth

META has been the subject of a number of analyst reports. Pivotal Research upped their price target on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and set a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Piper Sandler increased their target price on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Citizens Jmp increased their target price on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, UBS Group increased their target price on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Three 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 company. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $826.05.

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.