Meta Platforms, Inc. $META Shares Sold by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,902 shares of the social networking company’s stock after selling 40 shares during the period. Meta Platforms accounts for approximately 0.9% of Shulman DeMeo Asset Management LLC’s holdings, making the stock its 12th biggest position. Shulman DeMeo Asset Management LLC’s holdings in Meta Platforms were worth $3,618,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in META. Kingstone Capital Partners Texas LLC lifted its stake in shares of Meta Platforms by 608,429.2% in the 2nd 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 acquiring an additional 59,766,000 shares during the period. Nuveen LLC bought a new stake in shares of Meta Platforms in the 1st quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. raised its holdings in shares of Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares in the last quarter. Amundi raised its holdings in shares of Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of 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 worth $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an “underperform” rating to a “hold” rating in a research note on Thursday, July 3rd. Raymond James Financial upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. TD Cowen boosted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Benchmark boosted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $826.05.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $743.75 on Monday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a market cap of $1.87 trillion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. 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 firm has a fifty day moving average price of $751.74 and a two-hundred day moving average price of $671.40.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 EPS. The business’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be paid a $0.525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 7.60%.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,819 shares of company stock worth $176,241,968. Corporate insiders own 13.61% of the company’s stock.

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.