Denali Advisors LLC Sells 335 Shares of Meta Platforms, Inc. $META

Denali Advisors LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,595 shares of the social networking company’s stock after selling 335 shares during the period. Meta Platforms comprises about 2.5% of Denali Advisors LLC’s holdings, making the stock its 5th largest position. Denali Advisors LLC’s holdings in Meta Platforms were worth $24,058,000 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. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter worth about $28,000. Evergreen Private Wealth LLC increased its position in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the first quarter worth about $33,000. Maseco LLP acquired a new stake in shares of Meta Platforms during the second quarter worth about $54,000. Finally, Piscataqua Savings Bank increased its position in shares of Meta Platforms by 433.3% during the second quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company’s stock worth $59,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the sale, the chief operating officer owned 7,958 shares in the company, valued at $5,965,078.06. This represents a 6.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 7,947 shares in the company, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 198,335 shares of company stock worth $153,047,009 in the last quarter. Company insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of META opened at $648.35 on Friday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock’s 50 day moving average is $738.28 and its two-hundred day moving average is $697.96. The firm has a market capitalization of $1.63 trillion, a PE ratio of 28.64, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Benchmark lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday. Loop Capital reissued 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. Royal Bank Of Canada lowered their price target on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a report on Thursday. Sanford C. Bernstein reissued an “outperform” rating and set a $870.00 price target (down previously from $900.00) on shares of Meta Platforms in a report on Thursday. Finally, UBS Group raised their price target on Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $827.60.

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.