Aspiriant LLC reduced its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,069 shares of the social networking company’s stock after selling 373 shares during the period. Aspiriant LLC’s holdings in Meta Platforms were worth $8,170,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in META. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the 1st quarter worth about $33,000. Evergreen Private Wealth LLC increased its holdings in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares during the period. Maseco LLP bought a new stake in Meta Platforms in the 2nd quarter valued at about $54,000. Finally, eCIO Inc. acquired a new position in Meta Platforms during the 1st quarter valued at about $58,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have commented on META. Mizuho set a $925.00 price target on shares of Meta Platforms and gave the company an “outperform” rating in a research note on Monday, September 29th. Needham & Company LLC upgraded Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. KeyCorp boosted their price target on Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Wedbush raised their price target on Meta Platforms from $750.00 to $920.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Barclays upped their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $829.66.
Meta Platforms Price Performance
Shares of Meta Platforms stock opened at $750.82 on Tuesday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. 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 stock has a market cap of $1.89 trillion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. The company’s 50-day moving average price is $741.78 and its two-hundred day moving average price is $693.24.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $5.16 EPS. 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 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given 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 payout ratio is 7.60%.
Insider Activity
In other news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 28,275 shares of the company’s stock, valued at $20,820,861.75. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the sale, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 213,146 shares of company stock worth $164,208,279. Insiders own 13.61% of the company’s stock.
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.
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