Quintet Private Bank Europe S.A. Lowers Position in Meta Platforms, Inc. $META

Quintet Private Bank Europe S.A. reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 4.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,848 shares of the social networking company’s stock after selling 418 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Meta Platforms were worth $7,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter valued at $33,000. JCIC Asset Management Inc. increased its position in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $47,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

META has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Meta Platforms from $783.00 to $811.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Stifel Nicolaus raised their target price on Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Raymond James Financial raised their target price on Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” 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, Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $822.41.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $755.65, for a total transaction of $390,671.05. Following the completion of the sale, the chief operating officer owned 11,577 shares in the company, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the sale, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,505 shares of company stock worth $203,749,711. Insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $755.59 on Monday. The company has a market cap of $1.90 trillion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $741.83 and a 200-day moving average price of $661.86. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given 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 is 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.