Azzad Asset Management Inc. ADV Trims Holdings in Meta Platforms, Inc. $META

Key Points

• Azzad Asset Management trimmed its Meta Platforms stake by 2.8% in the first quarter, selling 1,046 shares and leaving it with 36,545 shares valued at about $20.9 million.
• Insider selling continued at Meta, with executives Curtis J. Mahoney and Javier Olivan both selling shares in recent transactions; insiders have sold 39,503 shares worth roughly $24.2 million over the last 90 days.
• Meta’s stock was up 0.7% as it headed into its July 29 Q2 earnings report, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average target price of $835.90.

Azzad Asset Management Inc. ADV lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,545 shares of the social networking company's stock after selling 1,046 shares during the quarter. Meta Platforms accounts for approximately 2.1% of Azzad Asset Management Inc. ADV's investment portfolio, making the stock its 5th largest position. Azzad Asset Management Inc. ADV's holdings in Meta Platforms were worth $20,908,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Keybank National Association OH increased its stake in shares of Meta Platforms by 15.7% in the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after purchasing an additional 18,169 shares in the last quarter. WMS Group LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $876,000. Diversified Trust Co. lifted its stake in shares of Meta Platforms by 4.1% during the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after buying an additional 3,336 shares in the last quarter. Consolidated Investment Group LLC lifted its stake in shares of Meta Platforms by 61.2% during the 4th quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock valued at $5,215,000 after buying an additional 3,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after buying an additional 7,269,279 shares during the period. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. This trade represents a 65.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares in the company, valued at approximately $5,708,013.06. This trade represents a 26.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 39,503 shares of company stock valued at $24,241,859 in the last 90 days. Corporate insiders own 13.53% of the company's stock.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta’s upcoming Q2 earnings release on July 29 should provide a fresh read on revenue growth, profitability, and the payoff from its AI investments. Meta to Announce Second Quarter 2026 Results
• Neutral Sentiment: Analysts and media continue to debate Meta’s valuation and long-term AI strategy, with some arguing the stock remains attractive while others say spending is getting ahead of near-term returns. Meta Platforms is Overvalued at 5.92X PS: Buy, Sell or Hold the Stock?
• Negative Sentiment: Meta faces a lawsuit alleging its AI-based layoff process discriminated against employees on approved leave, which could add legal costs and hurt investor sentiment around its AI deployment practices. Meta used AI to target workers with medical conditions for layoffs, former employees' lawsuit claims

Analyst Ratings Changes

A number of equities research analysts have issued reports on META shares. Bank of America lowered their target price on shares of Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Citizens Jmp cut their price target on Meta Platforms from $825.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, July 10th. Guggenheim reduced their price target on Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Cantor Fitzgerald decreased their price objective on Meta Platforms from $850.00 to $750.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $810.00 price objective on shares of Meta Platforms in a report on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $835.90.

Meta Platforms Stock Up 0.7%

META opened at $661.04 on Wednesday. The firm has a market capitalization of $1.67 trillion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.25. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a fifty day moving average price of $600.12 and a 200-day moving average price of $626.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm's revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.43 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.63%.

Meta Platforms Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.