Strid Group LLC Has $417,000 Position in Meta Platforms, Inc. $META

Strid Group LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META) by 14.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 565 shares of the social networking company’s stock after selling 97 shares during the quarter. Strid Group LLC’s holdings in Meta Platforms were worth $417,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of META. Inlight Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC lifted its holdings in 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 during the period. Finally, JCIC Asset Management Inc. lifted its holdings 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 buying an additional 40 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group increased their target price on shares of Meta Platforms from $897.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Wednesday, September 17th. Morgan Stanley increased their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $830.68.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total value of $372,112.62. Following the completion of the transaction, the insider owned 29,313 shares of the company’s stock, valued at approximately $21,016,834.74. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $704.81, for a total transaction of $364,386.77. Following the completion of the transaction, the chief operating officer directly owned 9,509 shares of the company’s stock, valued at approximately $6,702,038.29. This trade represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock worth $164,575,272 over the last ninety days. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 3.8%

Shares of NASDAQ:META opened at $705.30 on Monday. 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 1.97 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $752.20 and its 200 day simple moving average is $679.78. The firm has a market cap of $1.77 trillion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the business posted $5.16 earnings per share. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 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 Announces Dividend

The business also recently disclosed 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

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.