Clean Yield Group Cuts Holdings in Meta Platforms, Inc. $META

Clean Yield Group reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77 shares of the social networking company’s stock after selling 31 shares during the period. Clean Yield Group’s holdings in Meta Platforms were worth $57,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Inlight Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC grew its position in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. grew its position in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 2.3%

Shares of META stock opened at $710.56 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market cap of $1.79 trillion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. The business’s fifty day moving average is $753.21 and its 200-day moving average is $674.82. 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) last issued its quarterly earnings results 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 company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. During the same period last year, the firm earned $5.16 EPS. The firm’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. Equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were 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 was Monday, September 22nd. Meta Platforms’s payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

META has been the subject of a number of research reports. Oppenheimer lifted their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $920.00 price target on shares of Meta Platforms in a report on Wednesday, September 17th. Truist Financial set a $880.00 price objective on shares of Meta Platforms in a research report on Thursday, September 18th. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, DA Davidson lifted their target price on Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $830.02.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. The trade was a 86.67% decrease in their position. The sale 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 Meta Platforms stock in a transaction 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 owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,182 shares of company stock valued at $164,955,168. Insiders own 13.61% of the company’s stock.

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.