Worth Asset Management LLC Sells 2,219 Shares of Meta Platforms, Inc. $META

Key Points

• Worth Asset Management LLC reduced its stake in Meta Platforms, Inc. by 72.7% during Q2, holding only 832 shares valued at $614,000 by the end of that quarter.
• Several large investors, including Csenge Advisory Group and Infusive Asset Management, increased their positions in Meta Platforms in the 1st quarter, indicating ongoing investor interest despite recent sales by some insiders.
• Meta Platforms announced a quarterly dividend of $0.525 per share, reflecting a small annualized dividend yield of 0.3% and a payout ratio of 7.60%.

Worth Asset Management LLC lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 72.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 832 shares of the social networking company's stock after selling 2,219 shares during the quarter. Worth Asset Management LLC's holdings in Meta Platforms were worth $614,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division grew its holdings in Meta Platforms by 3.0% during the 2nd quarter. Moody National Bank Trust Division now owns 26,523 shares of the social networking company's stock valued at $19,576,000 after buying an additional 766 shares in the last quarter. Security National Bank grew its holdings in shares of Meta Platforms by 1.1% during the second quarter. Security National Bank now owns 2,795 shares of the social networking company's stock worth $2,063,000 after purchasing an additional 30 shares in the last quarter. Brady Family Wealth LLC grew its holdings in shares of Meta Platforms by 4.0% during the second quarter. Brady Family Wealth LLC now owns 6,104 shares of the social networking company's stock worth $4,505,000 after purchasing an additional 234 shares in the last quarter. YHB Investment Advisors Inc. grew its holdings in shares of Meta Platforms by 0.3% during the second quarter. YHB Investment Advisors Inc. now owns 13,806 shares of the social networking company's stock worth $10,190,000 after purchasing an additional 47 shares in the last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Meta Platforms by 2.0% during the second quarter. Global Financial Private Client LLC now owns 4,279 shares of the social networking company's stock worth $3,158,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on META shares. Guggenheim restated a "buy" rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Citizens Jmp boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Monness Crespi & Hardt boosted their price objective on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. DA Davidson boosted 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. Finally, Loop Capital restated a "buy" rating and set a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $826.05.

Insider Buying and Selling at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the transaction, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. 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 the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider owned 30,870 shares in the company, valued at $23,682,229.20. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,922 shares of company stock valued at $196,412,792. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 0.2%

NASDAQ META traded down $1.87 on Friday, reaching $778.38. 22,494,703 shares of the stock traded hands, compared to its average volume of 9,828,774. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a fifty day moving average price of $747.06 and a 200-day moving average price of $666.27. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

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, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 EPS. The company's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

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.