Clear Harbor Asset Management LLC Sells 108 Shares of Meta Platforms, Inc. $META

Clear Harbor Asset Management LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,309 shares of the social networking company’s stock after selling 108 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Meta Platforms were worth $9,085,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the first quarter valued at about $33,000. JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares in the last quarter. Finally, Principia Wealth Advisory LLC raised its stake in Meta Platforms by 53.6% in the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company’s stock valued at $50,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other news, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,610 shares of company stock valued at $186,301,207 over the last quarter. 13.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

META has been the subject of a number of analyst reports. Scotiabank boosted their price target on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Morgan Stanley boosted their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Barclays boosted their target price on Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, BMO Capital Markets boosted their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $826.05.

Meta Platforms Stock Performance

Meta Platforms stock opened at $760.66 on Thursday. The business has a 50 day moving average of $750.00 and a 200-day moving average of $668.49. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $1.91 trillion, a P/E ratio of 27.54, a P/E/G ratio of 1.58 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the firm posted $5.16 earnings per share. The firm’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 7.60%.

Meta Platforms 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.