Genesis Private Wealth LLC Sells 263 Shares of Meta Platforms, Inc. $META

Genesis Private Wealth LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,635 shares of the social networking company’s stock after selling 263 shares during the period. Genesis Private Wealth LLC’s holdings in Meta Platforms were worth $1,945,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in META. Global Trust Asset Management LLC increased its position in Meta Platforms by 3.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,302 shares of the social networking company’s stock valued at $961,000 after acquiring an additional 48 shares in the last quarter. Investment Advisory Services Inc. TX ADV increased its position in Meta Platforms by 6.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 1,214 shares of the social networking company’s stock valued at $896,000 after acquiring an additional 75 shares in the last quarter. Independence Bank of Kentucky increased its position in Meta Platforms by 0.8% in the 2nd quarter. Independence Bank of Kentucky now owns 17,765 shares of the social networking company’s stock valued at $13,112,000 after acquiring an additional 138 shares in the last quarter. Heritage Investment Group Inc. increased its position in Meta Platforms by 29.2% in the 2nd quarter. Heritage Investment Group Inc. now owns 885 shares of the social networking company’s stock valued at $653,000 after acquiring an additional 200 shares in the last quarter. Finally, Overbrook Management Corp increased its position in Meta Platforms by 20.3% in the 2nd quarter. Overbrook Management Corp now owns 47,028 shares of the social networking company’s stock valued at $34,711,000 after acquiring an additional 7,951 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on META shares. Barclays raised their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Bank of America raised their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Mizuho set a $925.00 price target on shares of Meta Platforms and gave the stock an “outperform” rating in a research report on Monday. UBS Group lifted their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, JMP Securities lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Four 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $830.02.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 214,182 shares of company stock valued at $164,955,168. 13.61% of the stock is owned by company insiders.

Meta Platforms Price Performance

Shares of META opened at $710.56 on Friday. The company has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company’s fifty day simple moving average is $753.21 and its 200 day simple moving average is $674.82. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the previous year, the business posted $5.16 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was 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.