Meta Platforms, Inc. $META Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,629,519 shares of the social networking company’s stock after selling 25,669 shares during the period. Meta Platforms comprises about 2.3% of TD Asset Management Inc’s investment portfolio, making the stock its 7th biggest position. TD Asset Management Inc owned 0.14% of Meta Platforms worth $2,678,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the 1st quarter valued at $33,000. Evergreen Private Wealth LLC raised 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 valued at $40,000 after purchasing an additional 38 shares during the last quarter. JCIC Asset Management Inc. boosted its stake 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 worth $46,000 after purchasing an additional 40 shares in the last quarter. Finally, Maseco LLP bought a new stake in shares of Meta Platforms during the second quarter worth $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. KeyCorp upped their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Barclays boosted their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Truist Financial set a $880.00 price target on shares of Meta Platforms in a research note on Thursday, September 18th. Citizens Jmp raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $829.66.

Insider Buying and Selling

In other news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. This represents a 86.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 over the last 90 days. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of META stock opened at $738.36 on Friday. The firm’s 50 day moving average price is $742.11 and its two-hundred day moving average price is $690.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a market cap of $1.85 trillion, a PE ratio of 26.73, a PEG ratio of 1.56 and a beta of 1.20.

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

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

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.