TriaGen Wealth Management LLC Cuts Stock Position in Meta Platforms, Inc. $META

TriaGen Wealth Management LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 8.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 540 shares of the social networking company’s stock after selling 50 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Meta Platforms were worth $399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms in the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms in the first quarter valued at $28,000. Evergreen Private Wealth LLC grew its holdings in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms in the first quarter valued at $33,000. Finally, Maseco LLP purchased a new position in shares of Meta Platforms in the second quarter valued at $54,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $713.34, for a total value of $368,796.78. Following the completion of the sale, the chief operating officer owned 8,992 shares of the company’s stock, valued at $6,414,353.28. This represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,198 shares of company stock worth $164,232,558. 13.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup restated an “outperform” rating on shares of Meta Platforms in a report on Thursday, July 31st. Mizuho set a $925.00 price target on Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Loop Capital restated a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Raymond James Financial increased their price target on Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus increased their price target on Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $830.68.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $717.55 on Thursday. The stock’s fifty day moving average is $748.80 and its two-hundred day moving average is $681.19. The company has a market capitalization of $1.80 trillion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

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

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 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.