Deltec Asset Management LLC Sells 282 Shares of Meta Platforms, Inc. $META

Deltec Asset Management LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META) by 1.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,208 shares of the social networking company’s stock after selling 282 shares during the period. Meta Platforms makes up 3.4% of Deltec Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Deltec Asset Management LLC’s holdings in Meta Platforms were worth $19,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its holdings in shares of Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after buying an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock worth $7,229,553,000 after buying an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock worth $5,787,329,000 after buying an additional 247,850 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $748.72, for a total transaction of $387,088.24. Following the sale, the chief operating officer owned 10,026 shares in the company, valued at $7,506,666.72. This represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,146 shares of company stock valued at $164,209,720. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 0.4%

Shares of META stock opened at $713.08 on Wednesday. The stock has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.82, a PEG ratio of 1.49 and a beta of 1.20. The stock has a 50-day moving average of $753.44 and a 200-day moving average of $677.16. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

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

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on META shares. Piper Sandler boosted their price target on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. BMO Capital Markets boosted their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Pivotal Research upped their target price on Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Truist Financial set a $880.00 target price on Meta Platforms in a report on Thursday, September 18th. Finally, Monness Crespi & Hardt upped their target price on Meta Platforms from $780.00 to $860.00 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 issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $830.61.

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.