Strengthening Families & Communities LLC Sells 106 Shares of Meta Platforms, Inc. $META

Strengthening Families & Communities LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,416 shares of the social networking company’s stock after selling 106 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Meta Platforms were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Meta Platforms during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the first quarter worth $33,000. Evergreen Private Wealth LLC boosted its holdings 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 worth $40,000 after acquiring an additional 38 shares during the period. Finally, JCIC Asset Management Inc. boosted its holdings 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 during the period. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,665 shares of company stock valued at $164,568,109 over the last three months. 13.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on META shares. Stifel Nicolaus raised their price target on Meta Platforms from $845.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Barclays raised their price target on Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Robert W. Baird raised their price target on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Truist Financial set a $880.00 price target on Meta Platforms in a report on Thursday, September 18th. Finally, Benchmark raised their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $830.68.

Meta Platforms Trading Up 0.7%

Shares of META stock opened at $716.91 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a market capitalization of $1.80 trillion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The business’s fifty day moving average is $746.75 and its 200 day moving average is $684.78.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the business posted $5.16 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate 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. Stockholders of record on Monday, September 22nd were paid 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 of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

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.