Meta Platforms, Inc. $META is Coastline Trust Co's 6th Largest Position

Coastline Trust Co cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,563 shares of the social networking company's stock after selling 798 shares during the quarter. Meta Platforms comprises about 3.3% of Coastline Trust Co's holdings, making the stock its 6th largest position. Coastline Trust Co's holdings in Meta Platforms were worth $29,201,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC grew its position in Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Nuveen LLC purchased a new position in Meta Platforms during the first quarter worth about $2,990,544,000. Assenagon Asset Management S.A. grew its position in Meta Platforms by 712.2% during the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after buying an additional 2,225,186 shares in the last quarter. Amundi grew its position in Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after buying an additional 1,470,070 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. Raymond James Financial lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. DA Davidson upped their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Monness Crespi & Hardt upped their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Roth Capital upped their price target on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Wedbush upped their price objective on Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $830.02.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction that occurred on 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 sale, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock worth $164,955,168 over the last three months. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Down 2.3%

Shares of Meta Platforms stock opened at $710.56 on Friday. The firm has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.20. The business has a 50-day moving average price of $753.21 and a 200-day moving average price of $674.82. 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, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's payout ratio is 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.

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