Banco Bilbao Vizcaya Argentaria S.A. Sells 84,388 Shares of Meta Platforms, Inc. $META

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in Meta Platforms, Inc. (NASDAQ:META) by 16.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 427,528 shares of the social networking company’s stock after selling 84,388 shares during the period. Meta Platforms comprises approximately 2.9% of Banco Bilbao Vizcaya Argentaria S.A.’s holdings, making the stock its 5th largest position. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Meta Platforms were worth $315,595,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in META. Evergreen Private Wealth LLC boosted its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the first quarter worth $33,000. Briaud Financial Planning Inc acquired a new stake in Meta Platforms in the second quarter valued at $42,000. WFA Asset Management Corp boosted its position in shares of Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new position in shares of Meta Platforms during the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $900.00 price target on shares of Meta Platforms in a research report on Thursday, October 30th. Royal Bank Of Canada decreased their price target on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Erste Group Bank downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Pivotal Research boosted their target price on Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $823.93.

Insider Activity

In other news, CTO Andrew Bosworth sold 11,690 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the transaction, the chief technology officer directly owned 2,415 shares in the company, valued at $1,432,843.65. This represents a 82.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 2,610 shares of the business’s stock in a transaction that occurred on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the completion of the sale, the chief operating officer owned 9,784 shares of the company’s stock, valued at approximately $5,962,956.64. The trade was a 21.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,923 shares of company stock valued at $26,126,437 in the last three months. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $613.05 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market cap of $1.55 trillion, a PE ratio of 27.08, a P/E/G ratio of 1.24 and a beta of 1.20. The firm has a 50 day simple moving average of $694.63 and a 200-day simple moving average of $706.53. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate 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 net margin of 30.89% and a return on equity of 39.35%. Meta Platforms’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 9.28%.

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.