TCI Wealth Advisors Inc. Sells 726 Shares of Meta Platforms, Inc. $META

Key Points

• TCI Wealth Advisors Inc. has reduced its stake in Meta Platforms, Inc. by 18.7%, selling 726 shares, and now holds a total of 3,155 shares valued at approximately $2.33 million.
• Insider sales at Meta include a significant transaction by Christopher K. Cox, who sold 60,000 shares for around $46.56 million, reducing his ownership by 20.19%.
• Meta Platforms has received mixed analyst ratings, with price targets adjusted, including a boost from Wells Fargo to $811 and a reduction from Zacks Research to a "hold" rating.

TCI Wealth Advisors Inc. trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,155 shares of the social networking company's stock after selling 726 shares during the quarter. TCI Wealth Advisors Inc.'s holdings in Meta Platforms were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Pachira Investments Inc. increased its position in shares of Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after purchasing an additional 14 shares during the last quarter. Myecfo LLC grew its position in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after buying an additional 15 shares during the period. Shelton Wealth Management LLC raised its position in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after acquiring an additional 15 shares during the period. Kooman & Associates grew its position in shares of Meta Platforms by 2.8% during the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after acquiring an additional 15 shares during the period. Finally, Cedar Point Capital Partners LLC increased its stake in shares of Meta Platforms by 2.2% in the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the sale, the insider directly owned 237,205 shares of the company's stock, 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 legal filing with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the firm'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 value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,146 shares of company stock worth $164,183,241. Insiders own 13.61% of the company's stock.

Analyst Ratings Changes

META has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Mizuho set a $925.00 price objective on Meta Platforms and gave the company an "outperform" rating in a research note on Monday. BMO Capital Markets raised their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Citizens Jmp lifted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $830.02.

Meta Platforms Stock Down 1.2%

Shares of META opened at $734.38 on Wednesday. The business's 50 day simple moving average is $752.94 and its 200-day simple moving average is $672.78. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released 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 net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the firm earned $5.16 earnings per share. Meta Platforms's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

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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