Meta Platforms, Inc. $META Shares Sold by ABLE Financial Group LLC

ABLE Financial Group LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,061 shares of the social networking company’s stock after selling 124 shares during the period. ABLE Financial Group LLC’s holdings in Meta Platforms were worth $1,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in META. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms in the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms in the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms in the first quarter worth approximately $33,000. JCIC Asset Management Inc. increased its position in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Principia Wealth Advisory LLC increased its position in shares of Meta Platforms by 53.6% in the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company’s stock worth $50,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

META stock opened at $760.66 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.58 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a 50 day moving average of $750.00 and a two-hundred day moving average of $668.49.

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

Meta Platforms Announces Dividend

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

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total value of $398,156.04. Following the completion of the sale, the insider directly owned 30,870 shares of the company’s stock, valued at $23,682,229.20. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $781.33, for a total transaction of $403,947.61. Following the completion of the sale, the chief operating officer directly owned 10,543 shares of the company’s stock, valued at $8,237,562.19. This represents a 4.67% 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 ninety days. Corporate insiders own 13.61% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the topic of several analyst reports. Zacks Research downgraded shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Loop Capital reissued a “buy” rating and issued a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Oppenheimer lifted their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $826.05.

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.