Sicart Associates LLC Has $10.77 Million Holdings in Meta Platforms, Inc. $META

Sicart Associates LLC lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,595 shares of the social networking company's stock after selling 729 shares during the period. Meta Platforms accounts for 3.7% of Sicart Associates LLC's holdings, making the stock its 6th largest holding. Sicart Associates LLC's holdings in Meta Platforms were worth $10,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of 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 valued at $5,537,000 after buying an additional 875 shares during the period. Clean Yield Group increased its stake in shares of Meta Platforms by 100.0% in the first quarter. Clean Yield Group now owns 108 shares of the social networking company's stock valued at $62,000 after buying an additional 54 shares during the period. City Center Advisors LLC bought a new position in Meta Platforms in the 1st quarter valued at approximately $266,000. Finally, Griffith & Werner Inc. boosted its position in Meta Platforms by 4.4% during the 1st quarter. Griffith & Werner Inc. now owns 9,867 shares of the social networking company's stock worth $5,687,000 after buying an additional 416 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated 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 $1,394,225. This represents a 86.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Insiders have sold a total of 213,146 shares of company stock worth $164,209,720 over the last three months. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Trading Up 0.7%

Shares of META stock opened at $715.66 on Tuesday. The company has a market cap of $1.80 trillion, a P/E ratio of 25.91, a PEG ratio of 1.48 and a beta of 1.20. The stock has a 50 day simple moving average of $753.17 and a two-hundred day simple moving average of $676.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

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, topping analysts' consensus estimates of $5.75 by $1.39. The firm 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 company's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on META. Scotiabank upped their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. BMO Capital Markets upped their price target on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Citizens Jmp increased their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Meta Platforms in a research note on Saturday, September 27th. Four investment 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $830.02.

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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