Meta Platforms, Inc. $META Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 24.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,093 shares of the social networking company’s stock after selling 37,998 shares during the period. Meta Platforms comprises 1.1% of Phoenix Financial Ltd.’s portfolio, making the stock its 27th largest holding. Phoenix Financial Ltd.’s holdings in Meta Platforms were worth $85,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pachira Investments Inc. grew its holdings in shares of Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after buying an additional 14 shares in the last quarter. Hemington Wealth Management grew its holdings in shares of Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after buying an additional 14 shares in the last quarter. Myecfo LLC grew its holdings in shares of Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after buying an additional 15 shares in the last quarter. Shelton Wealth Management LLC grew its holdings in shares of Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after buying an additional 15 shares in the last quarter. Finally, Kooman & Associates grew its holdings in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $749.57, for a total transaction of $387,527.69. Following the completion of the sale, the chief operating officer directly owned 7,958 shares in the company, valued at $5,965,078.06. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $753.00, for a total transaction of $390,807.00. Following the sale, the insider owned 27,756 shares of the company’s stock, valued at approximately $20,900,268. This represents a 1.84% 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 worth $153,047,009 over the last ninety days. 13.61% of the stock is owned by company insiders.

Meta Platforms Price Performance

META opened at $666.47 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a 50 day moving average of $740.41 and a two-hundred day moving average of $695.92. The company has a market cap of $1.67 trillion, a P/E ratio of 29.44, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.69%. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the previous year, the firm earned $6.03 earnings per share. Meta Platforms’s revenue for the quarter was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is currently 9.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on META shares. Guggenheim reiterated a “buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a report on Thursday. Bank of America lowered their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets lifted their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Finally, Loop Capital reiterated a “buy” rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $827.60.

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.