Meta Platforms, Inc. $META Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in Meta Platforms, Inc. by 4.6%, now holding $38.95 million worth of shares, making it the firm's 10th largest holding.
• Meta Platforms reported a strong quarterly performance with an EPS of $7.14, surpassing analyst estimates significantly, and its revenue increased by 21.6% year-over-year.
• Several analysts have raised their price targets for Meta, with the average target now at $822.41, indicating a positive outlook for the stock among investors.

Jump Financial LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,582 shares of the social networking company's stock after selling 3,286 shares during the quarter. Meta Platforms comprises 0.5% of Jump Financial LLC's portfolio, making the stock its 10th biggest holding. Jump Financial LLC's holdings in Meta Platforms were worth $38,952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in META. Inlight Wealth Management LLC acquired a new position in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the 1st quarter valued at approximately $33,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Meta Platforms in the 4th quarter valued at approximately $45,000. Finally, JCIC Asset Management Inc. raised its holdings in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wells Fargo & Company lifted their price objective on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Truist Financial lifted their price objective on Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Oppenheimer boosted their target price on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Trading Down 0.9%

NASDAQ:META traded down $6.72 during trading hours on Wednesday, hitting $747.38. 7,986,888 shares of the stock were exchanged, compared to its average volume of 15,077,465. The company's 50 day moving average is $732.47 and its two-hundred day moving average is $657.92. The company has a market capitalization of $1.88 trillion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

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 the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during 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 business's revenue for the quarter 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, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.60%.

Insiders Place Their Bets

In related news, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction of $364,708.80. Following the completion of the transaction, the director directly owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 312,767 shares of company stock worth $234,618,139 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

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.