Delap Wealth Advisory LLC Cuts Stock Position in Meta Platforms, Inc. $META

Delap Wealth Advisory LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 14.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 635 shares of the social networking company’s stock after selling 110 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Meta Platforms were worth $469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its stake in Meta Platforms by 608,429.2% during the second 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 during the period. Invesco Ltd. boosted its stake in Meta Platforms by 2.3% during the first 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 during the period. Goldman Sachs Group Inc. boosted its stake in Meta Platforms by 8.8% during the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Meta Platforms by 4.5% during the first 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 during the period. Finally, Wellington Management Group LLP boosted its stake in Meta Platforms by 2.5% during the first 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 during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Roth Capital boosted their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Loop Capital reissued a “buy” rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Guggenheim reissued a “buy” rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, Zacks Research raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of “Buy” and a consensus price target of $829.66.

Meta Platforms Stock Performance

META stock opened at $738.36 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50-day moving average price of $742.11 and a 200 day moving average price of $690.10. The company has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a PEG ratio of 1.56 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.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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 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 firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $721.30, for a total value of $372,912.10. Following the completion of the sale, the chief operating officer directly owned 8,475 shares in the company, valued at $6,113,017.50. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company’s stock, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock worth $164,951,541 over the last three months. 13.61% of the stock is owned by corporate insiders.

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.