Meta Platforms, Inc. $META Stake Lowered by Red Crane Wealth Management LLC

Red Crane Wealth Management LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 30.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,727 shares of the social networking company’s stock after selling 748 shares during the period. Meta Platforms makes up 1.2% of Red Crane Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Red Crane Wealth Management LLC’s holdings in Meta Platforms were worth $1,275,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of META. Kingstone Capital Partners Texas LLC raised its position in shares of Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after buying an additional 59,766,000 shares during the last quarter. Nuveen LLC acquired a new position in shares of Meta Platforms during the first quarter valued at about $2,990,544,000. Amundi raised its position in shares of Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after buying an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Meta Platforms during the first quarter valued at about $571,086,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $749.57, for a total transaction of $387,527.69. Following the completion of the sale, the chief operating officer owned 7,958 shares of the company’s stock, valued at $5,965,078.06. This trade represents a 6.10% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 198,335 shares of company stock valued at $153,047,009. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 2.7%

Shares of NASDAQ:META opened at $648.35 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $738.28 and its 200 day simple moving average is $697.96. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.38 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results 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. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter last year, the firm earned $6.03 earnings per share. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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 dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. KeyCorp cut their price objective on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a research report on Thursday. Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday. Citizens Jmp increased their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Barclays dropped their price target on shares of Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 price target (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Meta Platforms presently 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.