Deltec Asset Management LLC Trims Stock Holdings in Meta Platforms, Inc. $META

Deltec Asset Management LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 position. Deltec Asset Management LLC’s holdings in Meta Platforms were worth $19,344,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the 1st quarter valued at approximately $33,000. Evergreen Private Wealth LLC raised its position in Meta Platforms by 237.5% in the 2nd 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 last quarter. Finally, JCIC Asset Management Inc. raised its position in Meta Platforms by 102.6% in the 1st 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 last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Down 0.4%

META stock opened at $713.08 on Wednesday. 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 firm has a market capitalization of $1.79 trillion, a PE ratio of 25.82, a PEG ratio of 1.49 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The business’s 50 day simple moving average is $753.44 and its 200 day simple moving average is $677.16.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. This 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 213,146 shares of company stock valued at $164,209,720 over the last 90 days. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. Piper Sandler boosted their price target on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Oppenheimer boosted their price target on Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target 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.