Insider Selling: Meta Platforms (NASDAQ:META) Director Sells 465 Shares of Stock

Key Points

• Meta Platforms Director Robert Kimmitt sold 465 shares at an average price of $757.47, totaling approximately $352,223.55, reducing his position by 5.24%.
• The company reported a strong quarter with $7.14 EPS, exceeding analysts' expectations of $5.75, and a revenue of $47.52 billion, up 21.6% year-over-year.
• Meta Platforms announced a quarterly dividend of $0.525 per share to be paid on September 29th, representing a modest annualized yield of 0.3%.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) Director Robert Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Meta Platforms Price Performance

Shares of META stock traded down $3.28 during trading on Wednesday, hitting $775.72. The company had a trading volume of 9,358,794 shares, compared to its average volume of 9,195,500. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $1.95 trillion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24. The stock's 50-day moving average price is $744.78 and its 200 day moving average price is $664.12. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.525 per share. 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 dividend payout ratio (DPR) is presently 7.60%.

Institutional Investors Weigh In On Meta Platforms

A number of institutional investors and hedge funds have recently made changes to their positions in META. Inlight Wealth Management LLC purchased a new position in Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter valued at approximately $28,000. Bare Financial Services Inc bought a new position in Meta Platforms in the second quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter worth $33,000. Finally, Evergreen Private Wealth LLC grew its position in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares during the period. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and lifted their price target for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Scotiabank lifted their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

About Meta Platforms

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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