Well Done LLC Sells 699 Shares of Meta Platforms, Inc. $META

Key Points

• Well Done LLC reduced its stake in Meta Platforms, Inc. by 51.5%, selling 699 shares during the second quarter, leaving it with 659 shares valued at $486,000.
• Prominent institutional investors like Kingstone Capital Partners and Goldman Sachs have significantly increased their holdings in Meta, with Kingstone raising its stake by an astonishing 608,429.2%.
• Meta recently announced a quarterly dividend of $0.525 per share, which will be paid on September 29, representing an annual dividend yield of 0.3%.

Well Done LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 51.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 659 shares of the social networking company's stock after selling 699 shares during the quarter. Well Done LLC's holdings in Meta Platforms were worth $486,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its stake in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Nuveen LLC bought a new position in Meta Platforms in the 1st quarter valued at about $2,990,544,000. Assenagon Asset Management S.A. boosted its stake in Meta Platforms by 712.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Amundi increased its holdings in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Meta Platforms by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on META shares. Stifel Nicolaus raised their price objective on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Scotiabank boosted their price objective on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. TD Cowen boosted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Citizens Jmp raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus target price of $826.05.

Meta Platforms Price Performance

NASDAQ META opened at $743.75 on Monday. 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 market cap of $1.87 trillion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm's 50-day simple moving average is $751.74 and its two-hundred day simple moving average is $671.40.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm 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 company's revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict 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 will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $781.33, for a total transaction of $403,947.61. Following the sale, the chief operating officer owned 10,543 shares of the company's stock, valued at approximately $8,237,562.19. This represents a 4.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total value of $399,214.80. Following the transaction, the insider directly owned 30,351 shares of the company's stock, valued at $23,345,989.20. The trade was a 1.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 229,819 shares of company stock worth $176,241,968. 13.61% of the stock is 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.

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