Meta Platforms, Inc. $META Shares Sold by Charter Research & Investment Group Inc.

Charter Research & Investment Group Inc. cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,990 shares of the social networking company’s stock after selling 135 shares during the period. Meta Platforms comprises about 4.4% of Charter Research & Investment Group Inc.’s portfolio, making the stock its 3rd biggest position. Charter Research & Investment Group Inc.’s holdings in Meta Platforms were worth $5,897,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter valued at $33,000. Evergreen Private Wealth LLC increased its holdings in Meta Platforms by 237.5% during the 2nd 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 during the period. Briaud Financial Planning Inc acquired a new stake in Meta Platforms in the 2nd quarter valued at about $42,000. WFA Asset Management Corp raised its position in Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new position in shares of Meta Platforms in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 600 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $609.35, for a total transaction of $365,610.00. Following the completion of the sale, the director owned 7,347 shares in the company, valued at $4,476,894.45. This represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $604.23, for a total transaction of $312,386.91. Following the transaction, the chief operating officer directly owned 15,302 shares in the company, valued at $9,245,927.46. The trade was a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 41,442 shares of company stock valued at $26,515,931. 13.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on META. Loop Capital restated a “buy” rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Oppenheimer downgraded shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Citigroup lowered their target price on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Barclays dropped their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $825.05.

Meta Platforms Stock Performance

Shares of META stock opened at $594.25 on Monday. The stock’s 50-day moving average is $697.66 and its two-hundred day moving average is $706.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market cap of $1.50 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.24 and a beta of 1.20.

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

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 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.