Meta Platforms, Inc. $META Shares Sold by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC reduced its holdings in Meta Platforms, Inc. by 32.8% in the first quarter, now owning approximately $7.23 million worth of stock, which comprises 1.3% of its investment portfolio.
• Meta's CFO and CEO sold large amounts of stock recently, with CFO Susan J. Li selling 18,332 shares and CEO Mark Zuckerberg selling 15,847 shares, indicating significant insider trading activity.
• Meta Platforms had a successful quarter, reporting an EPS of $7.14, surpassing estimates and a revenue of $47.52 billion, up 21.6% year-over-year.

Oliver Luxxe Assets LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,543 shares of the social networking company's stock after selling 6,135 shares during the quarter. Meta Platforms comprises about 1.3% of Oliver Luxxe Assets LLC's investment portfolio, making the stock its 13th biggest position. Oliver Luxxe Assets LLC's holdings in Meta Platforms were worth $7,229,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares in the last quarter. Nuveen LLC purchased a new stake in Meta Platforms during the first quarter valued at $2,990,544,000. Northern Trust Corp lifted its position in Meta Platforms by 13.5% during the fourth quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock valued at $13,727,613,000 after purchasing an additional 2,787,832 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Meta Platforms by 712.2% in the 1st 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Meta Platforms in the 4th quarter worth $1,162,918,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 0.9%

Shares of NASDAQ META traded down $6.72 during trading hours on Wednesday, reaching $747.38. The stock had a trading volume of 7,986,888 shares, compared to its average volume of 15,077,465. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.56 and a beta of 1.27. The business's fifty day moving average price is $732.47 and its two-hundred day moving average price is $657.92. 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 (NASDAQ:META - Get Free Report) last issued its earnings results 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the company posted $5.16 EPS. Meta Platforms's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio is 7.60%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Roth Capital increased their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Raymond James Financial lifted their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. KeyCorp raised their price target on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Benchmark boosted their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Susquehanna lowered their target price on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a report on Thursday, May 1st. 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's stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $822.41.

Insiders Place Their Bets

In other news, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 312,767 shares of company stock worth $234,618,139 in the last three months. Corporate insiders own 13.61% of the company's stock.

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.