Jupiter Wealth Management LLC Decreases Position in Meta Platforms, Inc. $META

Key Points

• Jupiter Wealth Management LLC reduced its stake in Meta Platforms, Inc. by 6.3%, selling 456 shares, and now owns 6,795 shares valued at approximately $3.9 million.
• Several other institutions significantly increased their holdings in Meta, with GAMMA Investing LLC growing its stake by an astonishing 67,172.9%, now owning over 23 million shares worth nearly $13.5 billion.
• Despite some insider selling activity, analysts remain optimistic about Meta, with recent price targets raised to as high as $900 from various investment firms.

Jupiter Wealth Management LLC reduced its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,795 shares of the social networking company's stock after selling 456 shares during the quarter. Meta Platforms accounts for 2.5% of Jupiter Wealth Management LLC's investment portfolio, making the stock its 14th largest position. Jupiter Wealth Management LLC's holdings in Meta Platforms were worth $3,916,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of META. GAMMA Investing LLC raised its stake in shares of Meta Platforms by 67,172.9% during the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after purchasing an additional 23,417,803 shares during the last quarter. Invesco Ltd. lifted its position in shares of Meta Platforms by 2.3% during the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after purchasing an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Meta Platforms by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after acquiring an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Meta Platforms by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company's stock worth $7,229,553,000 after purchasing an additional 536,160 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Meta Platforms by 2.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock valued at $7,030,399,000 after purchasing an additional 280,357 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on META. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. Roth Capital boosted their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Sanford C. Bernstein upped their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Stifel Nicolaus upped their price target on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $755.65, for a total transaction of $390,671.05. Following the sale, the chief operating officer directly owned 11,577 shares of the company's stock, valued at $8,748,160.05. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 283,280 shares of company stock valued at $214,119,908. Insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META stock traded up $4.69 during mid-day trading on Friday, hitting $755.59. 8,240,448 shares of the stock were exchanged, compared to its average volume of 14,752,120. 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 current ratio of 1.97 and a quick ratio of 1.97. The business has a fifty day moving average price of $741.05 and a 200 day moving average price of $661.24. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is 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 presently 7.60%.

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.