Pensionfund Sabic Has $7.55 Million Position in Meta Platforms, Inc. $META

Key Points

• Pensionfund Sabic reduced its stake in Meta Platforms by 15.5%, holding 13,100 shares worth approximately $7.55 million.
• Insiders, including CTO Andrew Bosworth, have sold a total of 283,280 shares valued at over $214 million in the last 90 days.
• Meta Platforms has received a positive outlook from analysts, with multiple upgrades including Bank of America raising their price target to $900.

Pensionfund Sabic trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 13,100 shares of the social networking company's stock after selling 2,400 shares during the period. Meta Platforms accounts for approximately 2.3% of Pensionfund Sabic's investment portfolio, making the stock its 3rd biggest position. Pensionfund Sabic's holdings in Meta Platforms were worth $7,550,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter valued at $33,000. JCIC Asset Management Inc. increased its holdings in Meta Platforms by 102.6% in the first 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 period. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Meta Platforms in the fourth quarter valued at $47,000. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In related news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $755.65, for a total transaction of $390,671.05. Following the completion of the transaction, the chief operating officer directly owned 11,577 shares in the company, valued at approximately $8,748,160.05. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,280 shares of company stock valued at $214,119,908. 13.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

META has been the subject of a number of recent research reports. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Oppenheimer increased their price objective on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Bank of America increased their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Scotiabank increased their price target on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Sanford C. Bernstein increased their price target on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three 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.com, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Stock Performance

Shares of META opened at $755.59 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50-day moving average of $741.83 and a 200-day moving average of $661.92. The company has a market cap of $1.90 trillion, a PE ratio of 27.36, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be paid a $0.525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 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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