Meta Platforms, Inc. $META Stock Sold by Chokshi & Queen Wealth Advisors Inc

Key Points

• Chokshi & Queen Wealth Advisors cut its Meta stake by 15.2% in the second quarter, selling 1,162 shares and retaining 6,502 shares valued at approximately $3.66 million.
• Institutional ownership remains substantial at 79.91%, with several major investors—including Auto Owners Insurance, Norges Bank and Corient—significantly increasing their positions.
• Meta retains a Moderate Buy consensus rating with an average analyst target of $785.90, although its latest quarterly EPS missed estimates despite 28% year-over-year revenue growth and ongoing concerns about high AI and Reality Labs spending.

Chokshi & Queen Wealth Advisors Inc lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,502 shares of the social networking company's stock after selling 1,162 shares during the period. Meta Platforms accounts for approximately 1.7% of Chokshi & Queen Wealth Advisors Inc's investment portfolio, making the stock its 10th biggest position. Chokshi & Queen Wealth Advisors Inc's holdings in Meta Platforms were worth $3,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of META. Auto Owners Insurance Co raised its holdings in shares of Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock valued at $69,502,379,000 after acquiring an additional 105,154,977 shares during the last quarter. Norges Bank purchased a new position in shares of Meta Platforms in the fourth quarter valued at approximately $22,152,075,000. Corient Private Wealth LP boosted its stake in shares of Meta Platforms by 723.1% in the second quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company's stock worth $4,957,946,000 after acquiring an additional 7,732,446 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of Meta Platforms in the second quarter worth approximately $2,948,486,000. Finally, Corient Private Wealth LLC increased its position in shares of Meta Platforms by 488.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company's stock worth $3,608,445,000 after purchasing an additional 4,537,076 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Muse momentum remains the main bullish catalyst. Early reviews, rising user traction and Meta’s new early-access program for upcoming Muse features are reinforcing expectations that the AI assistant could become a major consumer product and future revenue stream. Meta opens early access program for new Muse features
• Positive Sentiment: Analysts are raising price targets. Deutsche Bank, TD Cowen, Canaccord Genuity and other firms lifted targets and maintained bullish ratings, citing Muse’s potential to expand Meta beyond advertising through subscriptions, commerce and AI services. Meta price targets raised as Muse gains momentum
• Positive Sentiment: AI hardware could broaden Muse’s distribution. Meta is integrating Muse into Ray-Ban AI glasses and introducing additional wearable and VR products, creating potential new hardware, services and commerce opportunities.
• Neutral Sentiment: Friday’s decline appears largely technical. After rising roughly 36% during September and approaching a $2 trillion market value, Meta faced profit-taking and a pullback from recent highs. Bullish options activity suggests some traders continue to view the weakness as a buying opportunity.
• Neutral Sentiment: Large capital spending remains a key debate. Investors are encouraged by Meta’s AI strategy but remain uncertain whether heavy spending on infrastructure and Reality Labs will generate sufficient returns.
• Negative Sentiment: New Mexico litigation adds regulatory risk. A jury found that Meta misled state residents in a case related to the Cambridge Analytica data scandal, potentially increasing legal costs and scrutiny. Meta misled consumers in New Mexico jury case
• Negative Sentiment: A Muse security vulnerability was identified. Meta is adding clearer safety warnings after a vulnerability reportedly could expose sensitive user information, raising concerns about trust and adoption of its AI agent. Meta bolsters Muse safety warning after vulnerability
• Negative Sentiment: Competition and monetization obstacles remain. Amazon blocked Muse from accessing its platform, while privacy concerns around camera-equipped glasses and skepticism toward new AI hardware could limit Meta’s growth plans.
• Negative Sentiment: Insider selling adds a cautionary signal. Christopher Cox sold 40,000 shares and COO Javier Olivan sold shares under pre-arranged Rule 10b5-1 plans. The transactions do not necessarily indicate reduced confidence, but they add to concerns after the stock’s rapid advance.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Christopher Cox sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $712.76, for a total value of $28,510,400.00. Following the sale, the insider owned 184,516 shares of the company's stock, valued at $131,515,624.16. The trade was a 17.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 946 shares of the company's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $680.27, for a total value of $643,535.42. Following the transaction, the chief operating officer owned 9,770 shares in the company, valued at $6,646,237.90. This trade represents a 8.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 123,333 shares of company stock worth $80,795,845. Insiders own 13.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. DA Davidson reduced their price objective on Meta Platforms from $850.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group lifted their target price on shares of Meta Platforms from $710.00 to $875.00 and gave the stock a "buy" rating in a research note on Tuesday, September 22nd. Erste Group Bank raised shares of Meta Platforms from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Monness Crespi & Hardt reduced their target price on shares of Meta Platforms from $890.00 to $730.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $725.00 target price (down from $815.00) on shares of Meta Platforms in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $785.90.

Meta Platforms Trading Down 3.3%

NASDAQ META opened at $751.66 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 28.31, a PEG ratio of 1.31 and a beta of 1.25. The firm's 50-day moving average is $615.16 and its two-hundred day moving average is $613.07. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. Meta Platforms's revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.14 earnings per share. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 27.93 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 21st will be given a dividend of $0.5250 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.91%.

Meta Platforms Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

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