Meta Platforms, Inc. $META Shares Sold by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC trimmed its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,704 shares of the social networking company’s stock after selling 301 shares during the quarter. Meta Platforms makes up 1.9% of St. Johns Investment Management Company LLC’s holdings, making the stock its 15th largest holding. St. Johns Investment Management Company LLC’s holdings in Meta Platforms were worth $4,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC grew 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 acquiring an additional 59,766,000 shares during the last quarter. Invesco Ltd. grew 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 acquiring an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. grew 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 acquiring an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 acquiring an additional 536,160 shares during the last quarter. Finally, Wellington Management Group LLP grew 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 acquiring an additional 247,850 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 198,335 shares of company stock valued at $153,047,009 in the last three months. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

META opened at $648.35 on Friday. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.41 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $738.28 and a 200 day moving average price of $696.73.

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, beating analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS 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 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 dividend payout ratio (DPR) is 9.28%.

Analysts Set New Price Targets

Several brokerages have recently commented on META. Zacks Research raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research report on Wednesday, October 8th. BMO Capital Markets raised their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Barclays decreased their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Rosenblatt Securities raised their target price on Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus 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.