Wealthcare Capital Management LLC Has $290,000 Stake in Meta Platforms, Inc. $META

Key Points

• Wealthcare Capital Management LLC reduced its stake in Meta Platforms by 55.3%, now holding 393 shares valued at $290,000.
• Meta Platforms recently reported earnings of $7.14 per share, surpassing analysts' expectations, with a revenue of $47.52 billion for the quarter.
• The company announced a quarterly dividend of $0.525 per share, yielding approximately 0.3%, with a payout ratio of 7.60%.

Wealthcare Capital Management LLC decreased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 55.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393 shares of the social networking company's stock after selling 486 shares during the quarter. Wealthcare Capital Management LLC's holdings in Meta Platforms were worth $290,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the 1st quarter valued at $33,000. Evergreen Private Wealth LLC boosted its stake in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after buying an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. boosted its stake in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $716.98, for a total transaction of $372,112.62. Following the completion of the sale, the insider owned 29,313 shares in the company, valued at $21,016,834.74. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the completion of the sale, the chief operating officer owned 9,509 shares of the company's stock, valued at $6,702,038.29. This represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,665 shares of company stock worth $164,575,272 over the last 90 days. 13.61% of the stock is owned by insiders.

Meta Platforms Trading Down 3.8%

META stock opened at $705.30 on Monday. The company has a market cap of $1.77 trillion, a P/E ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $752.20 and a 200-day moving average of $679.78.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date was 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%.

Analysts Set New Price Targets

Several brokerages recently commented on META. Wells Fargo & Company boosted their price target on Meta Platforms from $811.00 to $837.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Mizuho set a $925.00 price objective on Meta Platforms and gave the company an "outperform" rating in a research report on Monday, September 29th. Robert W. Baird lifted their price objective on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Truist Financial set a $880.00 price objective on Meta Platforms in a research report on Thursday, September 18th. Finally, DA Davidson lifted their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $830.68.

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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