DekaBank Deutsche Girozentrale Sells 26,791 Shares of Meta Platforms, Inc. $META

DekaBank Deutsche Girozentrale cut its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,284,020 shares of the social networking company’s stock after selling 26,791 shares during the quarter. Meta Platforms accounts for 3.1% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 5th biggest holding. DekaBank Deutsche Girozentrale owned approximately 0.09% of Meta Platforms worth $1,711,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of META. Csenge Advisory Group boosted its holdings in shares of Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after acquiring an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $284,000. Infusive Asset Management Inc. boosted its holdings in shares of Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock worth $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC boosted its holdings in shares of Meta Platforms by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after acquiring an additional 109 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company’s stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 198,335 shares of company stock valued at $153,047,009 in the last quarter. 13.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on META shares. Zacks Research raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. TD Cowen dropped their price objective on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company dropped their price objective on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research report on Thursday. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $900.00 price objective on shares of Meta Platforms in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $666.47 on Friday. 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 firm has a fifty day moving average of $740.41 and a two-hundred day moving average of $695.92. The stock has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.60 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.69%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend 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 is presently 9.28%.

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.