Dohj LLC Lowers Stake in Meta Platforms, Inc. $META

Key Points

• Dohj LLC reduced its stake in Meta Platforms by 13.7%, selling 611 shares and leaving it with 3,856 shares valued at approximately $2.85 million.
• Equity analysts have increased price targets for Meta Platforms, with estimates reaching as high as $900, while maintaining a consensus rating of "Moderate Buy."
• Insider trading activity included Christopher K. Cox selling 60,000 shares for $46.56 million, reducing his position by over 20%.

Dohj LLC cut its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,856 shares of the social networking company's stock after selling 611 shares during the period. Dohj LLC's holdings in Meta Platforms were worth $2,846,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the first quarter valued at approximately $28,000. Evergreen Private Wealth LLC grew its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after buying an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the first quarter valued at approximately $33,000. Finally, Maseco LLP bought a new stake in Meta Platforms during the second quarter valued at approximately $54,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen upped their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JMP Securities upped their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $830.68.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction that occurred 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 directly 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,717 shares of company stock valued at $164,599,932. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 0.8%

NASDAQ:META opened at $712.07 on Friday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.79 trillion, a P/E ratio of 25.78, a P/E/G ratio of 1.50 and a beta of 1.20. 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's 50-day simple moving average is $747.80 and its 200-day simple moving average is $682.13.

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

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

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.

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