Meta Platforms, Inc. $META Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,377 shares of the social networking company’s stock after selling 75 shares during the period. Meta Platforms makes up approximately 2.0% of Patton Albertson Miller Group LLC’s holdings, making the stock its 9th biggest holding. Patton Albertson Miller Group LLC’s holdings in Meta Platforms were worth $15,040,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Tritonpoint Wealth LLC boosted its stake in Meta Platforms by 0.5% in the second quarter. Tritonpoint Wealth LLC now owns 7,911 shares of the social networking company’s stock valued at $5,839,000 after acquiring an additional 41 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in Meta Platforms by 2.7% in the second quarter. CWA Asset Management Group LLC now owns 52,996 shares of the social networking company’s stock valued at $39,116,000 after acquiring an additional 1,416 shares in the last quarter. Sonora Investment Management Group LLC boosted its stake in Meta Platforms by 1.5% in the second quarter. Sonora Investment Management Group LLC now owns 42,422 shares of the social networking company’s stock valued at $31,312,000 after acquiring an additional 629 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its stake in Meta Platforms by 4.4% in the second quarter. Guyasuta Investment Advisors Inc. now owns 26,871 shares of the social networking company’s stock valued at $19,833,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Stockman Wealth Management Inc. acquired a new stake in Meta Platforms in the second quarter valued at approximately $248,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Scotiabank boosted their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their price objective on shares of Meta Platforms from $783.00 to $811.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Oppenheimer increased their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, KeyCorp increased their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Four equities research 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. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $830.02.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of Meta Platforms 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 in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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 Stock Down 2.3%

META stock opened at $710.56 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a fifty day moving average of $753.21 and a 200-day moving average of $674.82.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter last year, the business earned $5.16 EPS. The business’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

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.