Chesapeake Wealth Management Sells 261 Shares of Meta Platforms, Inc. $META

Chesapeake Wealth Management decreased its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,626 shares of the social networking company’s stock after selling 261 shares during the quarter. Meta Platforms comprises 1.1% of Chesapeake Wealth Management’s portfolio, making the stock its 24th biggest holding. Chesapeake Wealth Management’s holdings in Meta Platforms were worth $3,414,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter worth $28,000. Evergreen Private Wealth LLC raised its stake in 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 buying an additional 38 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the first quarter valued at about $33,000. Maseco LLP acquired a new position in shares of Meta Platforms in the second quarter valued at about $54,000. Finally, JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company’s stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,182 shares of company stock valued at $164,951,541. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Up 0.6%

Shares of NASDAQ META opened at $738.36 on Friday. 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. The firm has a 50-day moving average price of $742.11 and a 200 day moving average price of $691.34. The stock has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS 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 $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is 7.60%.

Wall Street Analysts Forecast Growth

META has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $920.00 target price on shares of Meta Platforms in a report on Thursday, October 16th. Truist Financial set a $880.00 price target on shares of Meta Platforms in a research note on Thursday, September 18th. KeyCorp upped their price target on Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Roth Capital increased their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Meta Platforms has an average rating of “Buy” and a consensus target price of $829.66.

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.