WT Asset Management Ltd Sells 18,701 Shares of Meta Platforms, Inc. $META

WT Asset Management Ltd trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META) by 10.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,800 shares of the social networking company’s stock after selling 18,701 shares during the period. Meta Platforms comprises approximately 8.3% of WT Asset Management Ltd’s holdings, making the stock its 4th largest holding. WT Asset Management Ltd’s holdings in Meta Platforms were worth $118,685,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in META. Kingstone Capital Partners Texas LLC grew its stake in Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after buying an additional 59,766,000 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Meta Platforms by 2.3% during the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Meta Platforms by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock valued at $7,229,553,000 after buying an additional 536,160 shares during the period. Finally, Wellington Management Group LLP increased its position in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock worth $5,787,329,000 after purchasing an additional 247,850 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 3.8%

Shares of META opened at $705.30 on Friday. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.53 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a fifty day moving average of $752.20 and a 200-day moving average of $678.77. 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 posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $44.55 billion. During the same period in the prior year, the business posted $5.16 earnings per share. Meta Platforms’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders 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 currently 7.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial set a $880.00 price objective on Meta Platforms in a report on Thursday, September 18th. Citigroup reissued an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Benchmark raised their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Roth Capital lifted their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, TD Cowen boosted their price target on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $830.68.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the transaction, the chief operating officer owned 9,509 shares of the company’s stock, valued at approximately $6,702,038.29. This trade represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s 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 completion of the transaction, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock worth $164,946,219 in the last three months. Company insiders own 13.61% of the company’s stock.

Meta Platforms 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.