Meta Platforms, Inc. $META Shares Sold by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 11.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,460 shares of the social networking company’s stock after selling 2,905 shares during the period. Meta Platforms makes up 0.7% of Texas Capital Bank Wealth Management Services Inc’s holdings, making the stock its 23rd biggest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Meta Platforms were worth $12,651,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RHL Group LLC purchased a new position in shares of Meta Platforms in the fourth quarter valued at $28,000. Advantage Trust Co acquired a new position in Meta Platforms in the 2nd quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new position in Meta Platforms in the 4th quarter worth $29,000. Niles Investment Management LLC purchased a new position in Meta Platforms in the 4th quarter valued at about $29,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of Meta Platforms during the first quarter valued at about $36,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.6%

NASDAQ:META opened at $648.03 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.25. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $790.80. The stock has a 50-day simple moving average of $601.58 and a 200 day simple moving average of $608.94.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. During the same quarter in the previous year, the company earned $7.14 EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. Sell-side analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 21st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 21st. Meta Platforms’s dividend payout ratio is currently 7.91%.

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Muse gains early consumer traction: Meta’s new AI agent reportedly reached No. 2 or No. 3 on the U.S. App Store shortly after its launch. Muse can interact with social platforms and outside services, while paid tiers priced at $20 and $100 per month create a potential new revenue stream beyond advertising. Meta’s AI agent Muse is now the No. 2 app in the US
• Positive Sentiment: JPMorgan upgraded the stock: JPMorgan raised Meta to Overweight from Neutral and increased its price target to $820, citing meaningful growth potential from frontier AI models and agentic products. The upgrade helped reinforce the bullish view that Meta can diversify beyond advertising. JPMorgan upgrades Meta on AI models and agents
• Positive Sentiment: AI infrastructure optionality: Analysts believe Meta’s large AI-compute investments could eventually support a cloud-computing or infrastructure business, adding an opportunity not currently reflected in the valuation. The company’s strong revenue growth and substantial cash resources support this investment thesis.
• Positive Sentiment: Quarterly dividend declared: Meta announced a $0.525-per-share dividend payable September 28 to shareholders of record September 21. While the yield is modest, the payout signals confidence in ongoing cash generation.
• Neutral Sentiment: Legal settlement viewed as manageable: Commentary suggests Meta’s potential $18 billion social-media-addiction settlement, spread over a decade, may have a limited impact on annual free cash flow. Resolving the litigation could also remove an overhang, but the headline liability remains material.
• Negative Sentiment: Monetization and privacy concerns: Muse’s usefulness depends on access to users’ inboxes, accounts and payments, raising adoption and privacy questions. Analysts remain uncertain about conversion rates and near-term revenue.
• Negative Sentiment: AI execution and regulatory risks: A prominent AI researcher is leaving Meta for Anthropic, while an internal effort to capture employee screens for AI training reportedly triggered resistance. Meta is also discussing possible teen social-media restrictions in South Korea, and TikTok rejected Meta advertisements urging participation in a child-safety settlement.

Insider Activity

In other Meta Platforms news, CAO Aaron Anderson sold 3,240 shares of Meta Platforms stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total value of $2,002,514.40. Following the completion of the transaction, the chief accounting officer owned 6,271 shares of the company’s stock, valued at $3,875,854.26. The trade was a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the sale, the chief technology officer directly owned 828 shares in the company, valued at $462,024. This trade represents a 90.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 61,581 shares of company stock valued at $37,512,295 over the last three months. 13.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on META. Wells Fargo & Company reduced their price target on Meta Platforms from $835.00 to $640.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Benchmark restated a “hold” rating on shares of Meta Platforms in a report on Thursday, August 27th. TD Cowen cut their target price on Meta Platforms from $800.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Citizens Jmp reduced their target price on Meta Platforms from $800.00 to $770.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $787.54.

About Meta Platforms

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company’s principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.