Litman Gregory Wealth Management LLC Sells 1,125 Shares of Meta Platforms, Inc. $META

Litman Gregory Wealth Management LLC lowered its stake in Meta Platforms, Inc. (NASDAQ:META) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,145 shares of the social networking company’s stock after selling 1,125 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 15th largest position. Litman Gregory Wealth Management LLC’s holdings in Meta Platforms were worth $19,297,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of META. Pachira Investments Inc. raised its holdings in Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after buying an additional 14 shares during the last quarter. Shelton Wealth Management LLC grew its stake in shares of Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after acquiring an additional 15 shares in the last quarter. Myecfo LLC boosted its holdings in shares of Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after buying an additional 15 shares during the last quarter. Kooman & Associates boosted its holdings in shares of Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after buying an additional 15 shares during the last quarter. Finally, Nabity Jensen Investment Management Inc boosted its holdings in shares of Meta Platforms by 1.1% in the 2nd quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock worth $1,017,000 after buying an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Meta Platforms from $811.00 to $837.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. BMO Capital Markets upped their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Roth Capital upped their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the company from $610.00 to $900.00 in a research report on Thursday, July 31st. Finally, Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $830.68.

Meta Platforms Price Performance

META opened at $715.70 on Tuesday. The stock has a fifty day simple moving average of $750.98 and a two-hundred day simple moving average of $680.75. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $5.16 earnings per share. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. 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 presently 7.60%.

Insider Buying and Selling

In other news, insider Christopher K. Cox sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 212,681 shares of company stock valued at $163,863,761 over the last ninety days. 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.