Jacobi Capital Management LLC Sells 1,426 Shares of Meta Platforms, Inc. $META

Key Points

• Jacobi Capital Management LLC reduced its stake in Meta Platforms, Inc. by 6.3%, selling 1,426 shares during the first quarter, and now holds approximately 21,274 shares, valued at $12,261,000.
• Insider trading activity has been notable, with CTO Andrew Bosworth selling 11,694 shares for over $9 million, resulting in an 86.67% decrease in his ownership.
• Meta's stock has received multiple upgrades from analysts, with price targets rising to $900, reflecting a generally positive outlook amidst a recent stock price decline of 1.8%.

Jacobi Capital Management LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,274 shares of the social networking company's stock after selling 1,426 shares during the quarter. Meta Platforms comprises approximately 0.9% of Jacobi Capital Management LLC's holdings, making the stock its 13th largest holding. Jacobi Capital Management LLC's holdings in Meta Platforms were worth $12,261,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms in the first quarter worth $33,000. JCIC Asset Management Inc. lifted its position in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new stake in Meta Platforms in the fourth quarter worth $47,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $755.65, for a total value of $390,671.05. Following the completion of the transaction, the chief operating officer owned 11,577 shares in the company, valued at $8,748,160.05. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 282,761 shares of company stock valued at $213,726,766 over the last quarter. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Down 1.8%

NASDAQ:META opened at $751.98 on Thursday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a 50-day moving average of $740.37 and a 200 day moving average of $660.67. The firm has a market cap of $1.89 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last released 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. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the firm earned $5.16 earnings per share. The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

META has been the subject of a number of analyst reports. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and raised their price target for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. UBS Group lifted their target price on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus lifted their target price on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Benchmark lifted their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their target price on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms 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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