Meta Platforms, Inc. $META Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,840 shares of the social networking company’s stock after selling 1,980 shares during the period. Meta Platforms makes up about 2.2% of Praxis Investment Management Inc.’s holdings, making the stock its 9th biggest holding. Praxis Investment Management Inc.’s holdings in Meta Platforms were worth $33,834,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in META. Kingstone Capital Partners Texas LLC raised its holdings 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 purchasing an additional 59,766,000 shares during the period. Invesco Ltd. raised its holdings in shares of Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after purchasing an additional 400,927 shares during the period. 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Meta Platforms by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock worth $7,229,553,000 after purchasing an additional 536,160 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock worth $5,787,329,000 after purchasing an additional 247,850 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Christopher K. Cox sold 60,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction on 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 transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,665 shares of company stock worth $164,581,886. 13.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Benchmark increased their price target on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Finally, Mizuho set a $925.00 price target on Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Buy” and a consensus target price of $829.66.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $738.36 on Monday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The business has a 50 day moving average price of $742.11 and a two-hundred day moving average price of $692.08. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data 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. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given 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 payout ratio is currently 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.