Jacobs & Co. CA Sells 944 Shares of Meta Platforms, Inc. $META

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 reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.0% during the 2nd quarter, according to its most recent Form 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 approximately 3.5% of Jacobs & Co. CA's portfolio, making the stock its 4th largest holding. Jacobs & Co. CA's holdings in Meta Platforms were worth $34,916,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Lantern Wealth Advisors LLC raised its stake in Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares during the period. ABLE Financial Group LLC raised its stake in Meta Platforms by 0.7% during the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after purchasing an additional 15 shares during the period. Cedar Point Capital Partners LLC raised its stake in Meta Platforms by 2.2% during the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after purchasing an additional 16 shares during the period. Mosaic Family Wealth Partners LLC raised its stake in Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock worth $840,000 after purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC raised its stake in Meta Platforms by 2.2% during the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after purchasing an additional 17 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META stock opened at $755.59 on Friday. The company's fifty day simple moving average is $741.83 and its 200-day simple moving average is $661.92. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.90 trillion, a PE ratio of 27.36, a P/E/G ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating 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 business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the firm posted $5.16 EPS. The business'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, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a research note on Wednesday, August 13th. Benchmark increased their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the company'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 disclosure for this sale can be found here. Insiders sold a total of 283,280 shares of company stock valued at $214,119,908 in the last ninety days. Insiders own 13.61% of the company's stock.

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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