Meta Platforms, Inc. $META Shares Sold by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,239 shares of the social networking company’s stock after selling 862 shares during the quarter. Meta Platforms comprises approximately 1.0% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 28th largest holding. Legacy Wealth Management LLC MS’s holdings in Meta Platforms were worth $3,129,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of META. GAMMA Investing LLC increased its holdings in shares of Meta Platforms by 67,172.9% during 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 acquiring an additional 23,417,803 shares in the last quarter. Nuveen LLC acquired a new position in shares of Meta Platforms during the first quarter valued at about $2,990,544,000. Assenagon Asset Management S.A. increased its holdings in shares of Meta Platforms by 712.2% during the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock valued at $1,462,589,000 after acquiring an additional 2,225,186 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $1,162,918,000. Finally, Amundi increased its holdings in shares of Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after acquiring an additional 1,470,070 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 283,280 shares of company stock worth $214,119,908 in the last quarter. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on META shares. Robert W. Baird upped their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Wedbush increased their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Sanford C. Bernstein increased 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. Wells Fargo & Company increased their price target on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Monness Crespi & Hardt increased their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $822.41.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $755.59 on Friday. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm’s 50 day simple moving average is $741.83 and its 200-day simple moving average is $661.92. 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 (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Monday, September 22nd. 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 7.60%.

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.