Glynn Capital Management LLC Sells 4,372 Shares of Meta Platforms, Inc. $META

Glynn Capital Management LLC lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 63.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,558 shares of the social networking company’s stock after selling 4,372 shares during the quarter. Glynn Capital Management LLC’s holdings in Meta Platforms were worth $1,888,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the 1st quarter worth about $33,000. Evergreen Private Wealth LLC increased 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 worth $40,000 after buying an additional 38 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms during the second quarter worth approximately $42,000. WFA Asset Management Corp boosted its position in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after acquiring an additional 20 shares during the period. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms in the second quarter worth $54,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,690 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total value of $6,935,793.90. Following the completion of the sale, the chief technology officer directly owned 2,415 shares in the company, valued at approximately $1,432,843.65. This trade represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $604.23, for a total transaction of $312,386.91. Following the transaction, the chief operating officer owned 15,302 shares in the company, valued at approximately $9,245,927.46. This trade represents a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,959 shares of company stock worth $26,906,323 over the last 90 days. Company insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

META has been the subject of a number of research reports. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the company from $610.00 to $900.00 in a report on Thursday, July 31st. KeyCorp decreased their target price on Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Pivotal Research boosted their price target on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. DA Davidson set a $825.00 price objective on Meta Platforms in a research report on Thursday, October 30th. Finally, TD Cowen lowered their price objective on Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $825.05.

Meta Platforms Stock Up 0.9%

Shares of NASDAQ:META opened at $594.25 on Friday. The company’s fifty day moving average is $697.66 and its 200-day moving average is $705.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a market capitalization of $1.50 trillion, a PE ratio of 26.25, a P/E/G ratio of 1.24 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the company posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research 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. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is presently 9.28%.

Meta Platforms Company 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.