Meta Platforms, Inc. $META Shares Sold by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA reduced its stake in Meta Platforms, Inc. by 2.0%, selling 944 shares, and now holds 47,306 shares valued at approximately $34.9 million.
• Meta recently reported EPS of $7.14 for the last quarter, exceeding the consensus estimate of $5.75, along with revenue of $47.52 billion—a year-over-year increase of 21.6%.
• Equities analysts have raised their price targets for Meta, with Barclays setting it at $810 and Cantor Fitzgerald at $920, indicating a generally positive outlook for the stock.

Jacobs & Co. CA lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,306 shares of the social networking company's stock after selling 944 shares during the quarter. Meta Platforms accounts for about 3.5% of Jacobs & Co. CA's holdings, making the stock its 4th largest position. Jacobs & Co. CA's holdings in Meta Platforms were worth $34,916,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the 1st quarter worth about $33,000. JCIC Asset Management Inc. lifted its holdings in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new position in Meta Platforms in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In other news, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company's stock, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 256,921 shares of company stock valued at $195,620,990 in the last quarter. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Down 0.7%

META traded down $5.41 on Wednesday, hitting $773.59. 4,294,059 shares of the company were exchanged, compared to its average volume of 14,652,935. The stock's fifty day moving average is $743.92 and its 200-day moving average is $663.34. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 market cap of $1.94 trillion, a PE ratio of 28.01, a PEG ratio of 1.58 and a beta of 1.24.

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

Meta Platforms Announces Dividend

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 given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Analyst Ratings Changes

Several analysts have recently weighed in on META shares. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and raised their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Morgan Stanley increased their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $822.41.

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.