CX Institutional Has $30.46 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• CX Institutional raised its stake in Meta Platforms by 15.2%, owning 41,267 shares worth approximately $30.46 million, making it the fund's 23rd largest position.
• Insiders sold a total of 256,886 shares worth nearly $195.7 million last quarter, with CEO Mark Zuckerberg selling 15,847 shares for over $11.9 million.
• Meta Platforms reported a 21.6% increase in quarterly revenue, reaching $47.52 billion, and a quarterly EPS of $7.14, exceeding analysts' expectations.

CX Institutional increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,267 shares of the social networking company's stock after buying an additional 5,460 shares during the quarter. Meta Platforms makes up 1.1% of CX Institutional's holdings, making the stock its 23rd biggest position. CX Institutional's holdings in Meta Platforms were worth $30,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Csenge Advisory Group raised its stake in Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after buying an additional 1,019 shares during the period. ARQ Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 4.5% during 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 during the last quarter. JMG Financial Group Ltd. bought a new stake in Meta Platforms in the 1st quarter valued at $284,000. Infusive Asset Management Inc. lifted its holdings in Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Aspire Growth Partners LLC lifted its holdings in Meta Platforms by 7.3% during the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock valued at $395,000 after purchasing an additional 45 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Monness Crespi & Hardt increased their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a report on Wednesday, September 17th. Scotiabank upped their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, TD Cowen lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $826.05.

Insider Activity at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were 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 owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold a total of 256,886 shares of company stock worth $195,693,600 in the last quarter. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Down 1.7%

Shares of NASDAQ:META opened at $765.16 on Tuesday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a market capitalization of $1.92 trillion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a fifty day moving average of $747.94 and a 200-day moving average of $667.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.60%.

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.

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