CenterBook Partners LP Sells 13,547 Shares of Meta Platforms, Inc. $META

CenterBook Partners LP decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 26.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,087 shares of the social networking company’s stock after selling 13,547 shares during the period. Meta Platforms comprises 1.6% of CenterBook Partners LP’s portfolio, making the stock its 7th biggest position. CenterBook Partners LP’s holdings in Meta Platforms were worth $28,112,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its stake in Meta Platforms by 608,429.2% in 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 purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC bought a new position in shares of Meta Platforms in the first quarter valued at about $2,990,544,000. Vanguard Group Inc. lifted its position in Meta Platforms by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock worth $142,149,566,000 after buying an additional 1,532,568 shares in the last quarter. Amundi grew its holdings in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after acquiring an additional 1,255,546 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, CTO Andrew Bosworth sold 11,690 shares of Meta Platforms stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the transaction, the chief technology officer directly owned 2,415 shares of the company’s stock, valued at $1,432,843.65. This trade represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $598.54, for a total transaction of $309,445.18. Following the completion of the sale, the chief operating officer owned 14,785 shares of the company’s stock, valued at approximately $8,849,413.90. This represents a 3.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 40,923 shares of company stock valued at $26,007,416. 13.61% of the stock is owned by company insiders.

Meta Platforms Trading Down 1.1%

NASDAQ META opened at $640.87 on Tuesday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock has a 50-day simple moving average of $680.90 and a 200 day simple moving average of $706.54. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.62 trillion, a PE ratio of 28.31, a P/E/G ratio of 1.36 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 9.28%.

Wall Street Analyst Weigh In

META has been the topic of a number of research reports. TD Cowen reduced their target price on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Bank of America reduced their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wedbush reissued an “outperform” rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Thursday, October 30th. Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Finally, Jefferies Financial Group lowered their price objective on Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $823.93.

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.