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Despite strong Q2 earnings, major investors are selling off Meta Platforms' stock, totaling $235M in sales.
Several major investors have reduced their holdings in Meta Platforms, including CSM Advisors LLC, which sold 5,393 shares, and WCG Wealth Advisors LLC, which sold 2,443 shares.
Meta Platforms reported strong Q2 earnings, with EPS of $7.14 and revenue of $47.52 billion, both exceeding analyst estimates.
Insiders have sold a total of 313,803 shares recently, worth $235 million.
The stock has a current price of $754.79, with analysts predicting 26.7 EPS for the year and a "Moderate Buy" rating.
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A pesar de las fuertes ganancias del segundo trimestre, los principales inversores están vendiendo las acciones de Meta Platforms, con un total de $235 millones en ventas.