Transamerica Financial Advisors LLC Sells 350 Shares of Meta Platforms, Inc. $META

Key Points

• Transamerica Financial Advisors LLC reduced its holdings in Meta Platforms by 2.9%, selling 350 shares, which left them with a total of 11,693 shares valued at approximately $6.74 million.
• Meta Platforms reported impressive quarterly earnings, with $7.14 EPS surpassing estimates and revenue reaching $47.52 billion, a 21.6% increase year-over-year.
• Institutional investors and hedge funds own about 79.91% of Meta's stock, indicating strong institutional confidence in the company.

Transamerica Financial Advisors LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,693 shares of the social networking company's stock after selling 350 shares during the period. Meta Platforms makes up 0.7% of Transamerica Financial Advisors LLC's holdings, making the stock its 29th biggest holding. Transamerica Financial Advisors LLC's holdings in Meta Platforms were worth $6,739,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of META. Inlight Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter worth $33,000. JCIC Asset Management Inc. grew its holdings in 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 purchasing an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. bought a new stake in Meta Platforms in the fourth quarter valued at $47,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META stock opened at $754.10 on Wednesday. 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 firm has a 50-day moving average of $732.47 and a 200-day moving average of $657.92. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.89 trillion, a P/E ratio of 27.30, a P/E/G ratio of 1.56 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is currently 7.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on META shares. KeyCorp increased their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Robert W. Baird boosted their price objective on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research report on Wednesday, August 13th. Barclays lifted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Guggenheim restated a "buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold 312,767 shares of company stock worth $234,618,139 in the last quarter. 13.61% of the stock is currently owned by company insiders.

About Meta Platforms

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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