Meta Platforms, Inc. $META Stake Reduced by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,515 shares of the social networking company’s stock after selling 2,488 shares during the period. Meta Platforms comprises 2.4% of Securian Asset Management Inc.’s investment portfolio, making the stock its 6th largest position. Securian Asset Management Inc.’s holdings in Meta Platforms were worth $83,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Pittenger & Anderson Inc. increased its stake in Meta Platforms by 5.8% in the 2nd quarter. Pittenger & Anderson Inc. now owns 49,000 shares of the social networking company’s stock worth $36,166,000 after purchasing an additional 2,680 shares during the period. Berkeley Capital Partners LLC increased its stake in shares of Meta Platforms by 4.3% during the second quarter. Berkeley Capital Partners LLC now owns 2,157 shares of the social networking company’s stock valued at $1,592,000 after buying an additional 89 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Meta Platforms by 2.1% during the second quarter. Avidian Wealth Enterprises LLC now owns 15,300 shares of the social networking company’s stock valued at $11,293,000 after buying an additional 312 shares during the period. WESPAC Advisors SoCal LLC increased its stake in shares of Meta Platforms by 3.3% during the second quarter. WESPAC Advisors SoCal LLC now owns 4,044 shares of the social networking company’s stock valued at $2,985,000 after buying an additional 131 shares during the period. Finally, Journey Advisory Group LLC increased its stake in shares of Meta Platforms by 2.8% during the second quarter. Journey Advisory Group LLC now owns 13,233 shares of the social networking company’s stock valued at $9,767,000 after buying an additional 356 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 11.3%

NASDAQ 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 twelve month low of $479.80 and a twelve month high of $796.25. The firm has a market capitalization of $1.67 trillion, a PE ratio of 29.44, a P/E/G ratio of 1.60 and a beta of 1.20. The stock’s 50 day moving average is $740.41 and its 200 day moving average is $695.92.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.69% and a net margin of 30.89%.The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period in the previous year, the company posted $6.03 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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 $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is 9.28%.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the sale, the chief operating officer directly owned 7,958 shares of the company’s stock, valued at approximately $5,965,078.06. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 198,335 shares of company stock valued at $153,047,009. 13.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Rosenblatt Securities boosted their target price on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark cut Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reduced their target price on Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays reduced their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Four 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 stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Company 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.