Whitaker Myers Wealth Managers LTD. lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,222 shares of the social networking company's stock after selling 591 shares during the quarter. Whitaker Myers Wealth Managers LTD.'s holdings in Meta Platforms were worth $902,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares during the period. Bank Pictet & Cie Europe AG raised its stake in Meta Platforms by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after acquiring an additional 7,587 shares during the period. Highview Capital Management LLC DE increased its position in shares of Meta Platforms by 3.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after buying an additional 218 shares during the period. Finally, Triumph Capital Management lifted its holdings in shares of Meta Platforms by 6.0% in the fourth quarter. Triumph Capital Management now owns 1,846 shares of the social networking company's stock worth $1,081,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. JMP Securities increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Bank of America increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Raymond James Financial raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Finally, DA Davidson raised 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. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $822.41.
Get Our Latest Analysis on META
Meta Platforms Stock Up 0.6%
META stock opened at $755.59 on Monday. 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 stock has a market cap of $1.90 trillion, a P/E ratio of 27.36, a PEG ratio of 1.56 and a beta of 1.24. The business's 50-day moving average price is $741.83 and its 200-day moving average price is $661.86.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating 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 analysts' expectations of $44.55 billion. During the same period in the previous year, the firm earned $5.16 EPS. The business's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's payout ratio is currently 7.60%.
Insider Buying and Selling
In related news, CEO Mark Zuckerberg sold 15,847 shares of the business's 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 268,505 shares of company stock valued at $203,749,711. Corporate insiders own 13.61% of the company's stock.
Meta Platforms Company Profile
(
Free Report)
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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