Livforsakringsbolaget Skandia Omsesidigt Sells 91,558 Shares of Meta Platforms, Inc. $META

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has significantly reduced its holdings in Meta Platforms, Inc. by 85.1%, selling 91,558 shares and leaving it with 16,052 shares worth approximately $11.8 million.
• Multiple brokerages have increased their price targets for Meta Platforms, with Wedbush raising its target from $750.00 to $920.00, reflecting growing optimism about the company's prospects.
• Insiders at Meta have been selling shares, with the COO and another executive each recently selling around 500 shares, contributing to a total of 257,405 shares sold by insiders in the last three months valued at about $196 million.

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 85.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,052 shares of the social networking company's stock after selling 91,558 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Meta Platforms were worth $11,846,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter valued at approximately $33,000. JCIC Asset Management Inc. grew 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, Piscataqua Savings Bank increased its holdings in Meta Platforms by 433.3% during the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company's stock worth $59,000 after purchasing an additional 65 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider owned 30,870 shares of the company's stock, valued at approximately $23,682,229.20. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,405 shares of company stock worth $196,059,438. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock traded down $13.22 during midday trading on Monday, reaching $765.16. 11,659,363 shares of the stock traded hands, compared to its average volume of 9,828,774. 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 firm has a fifty day moving average price of $747.94 and a two-hundred day moving average price of $667.24. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.62 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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 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 the consensus estimate of $44.55 billion. During the same quarter in the prior year, the firm earned $5.16 EPS. The company's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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 paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on META. Sanford C. Bernstein raised their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Canaccord Genuity Group boosted their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Loop Capital reiterated a "buy" rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. JMP Securities upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus upped their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $826.05.

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.