Whalen Wealth Management Inc. Sells 311 Shares of Meta Platforms, Inc. $META

Whalen Wealth Management Inc. decreased its stake in Meta Platforms, Inc. (NASDAQ:META) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,277 shares of the social networking company’s stock after selling 311 shares during the period. Meta Platforms accounts for 2.0% of Whalen Wealth Management Inc.’s portfolio, making the stock its 7th largest position. Whalen Wealth Management Inc.’s holdings in Meta Platforms were worth $3,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after purchasing an additional 875 shares during the last quarter. 1776 Wealth LLC increased its stake in shares of Meta Platforms by 137.2% in the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after purchasing an additional 675 shares during the period. Smart Money Group LLC raised its holdings in shares of Meta Platforms by 20.4% during the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after buying an additional 348 shares during the last quarter. Finally, Spear Holdings RSC Ltd acquired a new position in shares of Meta Platforms during the first quarter worth approximately $37,463,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

NASDAQ:META opened at $621.71 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $726.22 and its 200 day moving average price is $702.51. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market cap of $1.56 trillion, a P/E ratio of 27.46, a PEG ratio of 1.38 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. Meta Platforms’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal 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. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Analyst Ratings Changes

Several analysts recently commented on META shares. UBS Group raised their target price on Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $825.00 price target (down previously from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Scotiabank raised their price target on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $900.00 price objective on shares of Meta Platforms in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $402,225.00. Following the completion of the sale, the insider owned 32,946 shares in the company, valued at approximately $25,533,150. This represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $787.06, for a total value of $12,472,539.82. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,798 shares of company stock valued at $58,347,026 in the last 90 days. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Profile

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.