Meta Platforms, Inc. $META Shares Sold by Wealthedge Investment Advisors LLC

Key Points

• Wealthedge Investment Advisors LLC reduced its holdings in Meta Platforms by 11.6%, selling 467 shares and owning 3,574 shares valued at approximately $2,060,000.
• Several other institutional investors, like Valley Financial Group and ABLE Financial Group, increased their stakes in Meta Platforms during the fourth quarter, contributing to a total institutional ownership of 79.91%.
• Meta Platforms reported $7.14 EPS for the last quarter, significantly surpassing the analysts' estimate of $5.75, alongside a revenue of $47.52 billion.

Wealthedge Investment Advisors LLC trimmed its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,574 shares of the social networking company's stock after selling 467 shares during the period. Wealthedge Investment Advisors LLC's holdings in Meta Platforms were worth $2,060,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the first quarter worth about $33,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $45,000. Finally, JCIC Asset Management Inc. boosted its stake 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. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $15.89 on Tuesday, hitting $751.48. 12,216,778 shares of the company were exchanged, compared to its average volume of 15,320,694. 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 company has a 50-day moving average price of $725.90 and a 200 day moving average price of $655.75. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping 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 firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the business posted $5.16 earnings per share. The firm'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 predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on META. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. KeyCorp upped their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Evercore ISI upped their target price on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Benchmark increased their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Buying and Selling

In related news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms 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 transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 267,732 shares of company stock worth $199,652,003. 13.61% of the stock is currently owned by company insiders.

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.