Meta Platforms, Inc. $META Shares Sold by Blume Capital Management Inc.

Blume Capital Management Inc. lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,974 shares of the social networking company’s stock after selling 860 shares during the quarter. Meta Platforms makes up about 2.7% of Blume Capital Management Inc.’s holdings, making the stock its 10th largest position. Blume Capital Management Inc.’s holdings in Meta Platforms were worth $13,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after purchasing an additional 875 shares in the last quarter. 1776 Wealth LLC increased its position in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after purchasing an additional 675 shares in the last quarter. Golden State Wealth Management LLC increased its position in Meta Platforms by 3.2% during the 1st quarter. Golden State Wealth Management LLC now owns 5,013 shares of the social networking company’s stock worth $2,889,000 after purchasing an additional 156 shares in the last quarter. Finally, Waterfront Wealth Inc. increased its position in Meta Platforms by 6.9% during the 1st quarter. Waterfront Wealth Inc. now owns 716 shares of the social networking company’s stock worth $413,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 198,335 shares of company stock worth $153,047,009. 13.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

META has been the subject of a number of recent research reports. Citizens Jmp lifted their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Mizuho dropped their price objective on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and set a $920.00 price objective on shares of Meta Platforms in a research note on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $900.00 price objective on shares of Meta Platforms in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Stock Down 2.7%

NASDAQ META opened at $648.35 on Friday. The stock has a market cap of $1.63 trillion, a PE ratio of 28.64, a P/E/G ratio of 1.41 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The business has a 50 day moving average price of $738.28 and a two-hundred day moving average price of $696.73. The company has a quick ratio of 1.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. 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 9.28%.

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.