Meta Platforms, Inc. $META Position Trimmed by Cigna Investments Inc. New

Key Points

• Cigna Investments Inc. has reduced its stake in Meta Platforms by 2.4%, now holding 21,485 shares valued at approximately $15.86 million, making it the 6th largest position in its portfolio.
• insider transactions included significant sales by CFO Susan J. Li and CEO Mark Zuckerberg, with Li selling over 18,000 shares for about $14 million and Zuckerberg selling nearly 16,000 shares for about $11.9 million.
• Analysts remain bullish on Meta Platforms, with several firms raising their price targets, resulting in a consensus rating of "Moderate Buy" and an average price target of approximately $826.05.

Cigna Investments Inc. New lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,485 shares of the social networking company's stock after selling 534 shares during the period. Meta Platforms makes up about 2.7% of Cigna Investments Inc. New's portfolio, making the stock its 6th biggest position. Cigna Investments Inc. New's holdings in Meta Platforms were worth $15,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pachira Investments Inc. lifted its stake in Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after acquiring an additional 14 shares during the period. Myecfo LLC lifted its stake in Meta Platforms by 2.0% during the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after acquiring an additional 15 shares during the period. Shelton Wealth Management LLC lifted its stake in Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after acquiring an additional 15 shares during the period. Kooman & Associates lifted its stake in Meta Platforms by 2.8% during the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after acquiring an additional 15 shares during the period. Finally, Cedar Point Capital Partners LLC lifted its stake in Meta Platforms by 2.2% during the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after acquiring an additional 16 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was 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. In the last quarter, insiders have sold 230,336 shares of company stock valued at $176,625,049. 13.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Benchmark boosted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Sanford C. Bernstein boosted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their price target for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Finally, BMO Capital Markets upped their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Three equities 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 company's stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $826.05.

Meta Platforms Trading Down 0.7%

Shares of META opened at $743.75 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a 50-day moving average price of $751.74 and a 200 day moving average price of $670.84. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 26.93, a P/E/G ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) 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 net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts forecast 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. Stockholders of record on Monday, September 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio is currently 7.60%.

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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