Meta Platforms, Inc. $META Shares Sold by Callahan Advisors LLC

Callahan Advisors LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 102,361 shares of the social networking company’s stock after selling 576 shares during the period. Meta Platforms makes up approximately 6.8% of Callahan Advisors LLC’s portfolio, making the stock its biggest holding. Callahan Advisors LLC’s holdings in Meta Platforms were worth $75,552,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Csenge Advisory Group grew its position in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after purchasing an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC grew its position in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. purchased a new position in shares of Meta Platforms during the 1st quarter valued at $284,000. Infusive Asset Management Inc. grew its position in Meta Platforms by 10.7% in the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock worth $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its position in Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.6%

NASDAQ:META opened at $738.36 on Friday. The company’s 50 day moving average price is $742.11 and its 200-day moving average price is $691.34. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.57 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter last year, the company posted $5.16 earnings per share. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $721.30, for a total value of $372,912.10. Following the transaction, the chief operating officer directly owned 8,475 shares in the company, valued at approximately $6,113,017.50. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the transaction, the insider owned 28,275 shares in the company, valued at $20,820,861.75. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,182 shares of company stock worth $164,951,541. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. 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. Sanford C. Bernstein upped their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Monness Crespi & Hardt upped their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. DA Davidson upped their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $829.66.

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.