Meta Platforms, Inc. $META Stake Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 138,265 shares of the social networking company’s stock after selling 8,476 shares during the quarter. Meta Platforms comprises about 1.6% of Crossmark Global Holdings Inc.’s holdings, making the stock its 5th biggest position. Crossmark Global Holdings Inc.’s holdings in Meta Platforms were worth $102,052,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of META. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC grew its position in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Meta Platforms in the second quarter valued at approximately $42,000. WFA Asset Management Corp lifted its position in Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new position in Meta Platforms during the second quarter worth approximately $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of META opened at $633.61 on Thursday. The firm has a 50-day simple moving average of $688.93 and a two-hundred day simple moving average of $706.33. The stock has a market cap of $1.60 trillion, a PE ratio of 27.99, a P/E/G ratio of 1.33 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter last year, the company posted $6.03 EPS. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Erste Group Bank cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday, November 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. BNP Paribas began coverage on shares of Meta Platforms in a research note on Monday. They set an “outperform” rating and a $800.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a research note on Tuesday. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $823.93.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $598.54, for a total value of $309,445.18. Following the completion of the transaction, the chief operating officer directly owned 14,785 shares of the company’s stock, valued at $8,849,413.90. The trade was a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Aaron Anderson sold 726 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total transaction of $429,501.60. Following the sale, the chief accounting officer directly owned 6,035 shares in the company, valued at $3,570,306. This represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 41,959 shares of company stock worth $26,759,811. 13.61% of the stock is owned by corporate insiders.

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.