Telligent Fund LP Reduces Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Telligent Fund LP reduced its stake in Meta Platforms, Inc. by 9.1%, selling 1,000 shares and retaining 10,000 shares, which are worth approximately $5.76 million.
• Multiple analysts have increased their target prices for Meta Platforms, with Barclays raising theirs from $640 to $810, and overall, the stock has a consensus rating of "Moderate Buy".
• CEO Mark Zuckerberg sold 15,847 shares of Meta stock for over $11.9 million in a recent transaction, part of a larger trend of insider selling amounting to $200.6 million last quarter.

Telligent Fund LP decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the social networking company's stock after selling 1,000 shares during the quarter. Meta Platforms comprises approximately 6.4% of Telligent Fund LP's investment portfolio, making the stock its 5th biggest position. Telligent Fund LP's holdings in Meta Platforms were worth $5,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in META. Inlight Wealth Management LLC bought a new stake in Meta Platforms in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the first quarter valued at approximately $33,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Meta Platforms during the fourth quarter worth approximately $45,000. Finally, JCIC Asset Management Inc. boosted its holdings in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

META has been the topic of several analyst reports. Morgan Stanley upped their price target on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Sanford C. Bernstein boosted their price objective on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. The Goldman Sachs Group upped their price target on Meta Platforms from $685.00 to $690.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays increased their price target on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher K. Cox sold 60,000 shares of the firm'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 transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 267,732 shares of company stock valued at $199,652,003. Company insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ:META traded down $13.2420 during midday trading on Tuesday, hitting $754.1280. The company had a trading volume of 5,960,327 shares, compared to its average volume of 15,279,102. The business's 50-day simple moving average is $725.90 and its 200-day simple moving average is $655.75. The stock has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. 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 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. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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