Meta Platforms, Inc. $META Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,052 shares of the social networking company’s stock after selling 90 shares during the period. Bank Hapoalim BM’s holdings in Meta Platforms were worth $2,990,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Inlight Wealth Management LLC purchased a new position in Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms during the first quarter worth about $33,000. Evergreen Private Wealth LLC raised its holdings in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its holdings in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on META. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Wednesday, September 17th. Raymond James Financial increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a report on Thursday, July 31st. Barclays increased their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a report on Friday, August 1st. UBS Group raised their price objective on shares of Meta Platforms from $897.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Mizuho set a $925.00 target price on shares of Meta Platforms and gave the stock an “outperform” rating in a research report on Monday, September 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $830.68.

Meta Platforms Stock Performance

NASDAQ:META opened at $705.30 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20. The firm’s fifty day simple moving average is $752.20 and its 200 day simple moving average is $679.24. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

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

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is 7.60%.

Insider Buying and Selling

In other news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the sale, the chief operating officer owned 9,509 shares in the company, valued at approximately $6,702,038.29. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total transaction of $372,112.62. Following the completion of the sale, the insider owned 29,313 shares in the company, valued at approximately $21,016,834.74. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock valued at $164,946,219 in the last quarter. Company insiders own 13.61% of the company’s stock.

About Meta Platforms

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.