Azzad Asset Management Inc. ADV Trims Stake in Meta Platforms, Inc. $META

Azzad Asset Management Inc. ADV lessened its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,545 shares of the social networking company’s stock after selling 1,046 shares during the period. Meta Platforms comprises about 2.1% of Azzad Asset Management Inc. ADV’s holdings, making the stock its 5th largest holding. Azzad Asset Management Inc. ADV’s holdings in Meta Platforms were worth $20,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of META. RHL Group LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at approximately $29,000. Niles Investment Management LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at approximately $29,000. Bayban boosted its position in shares of Meta Platforms by 100.0% during the first quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 35 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $42,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 500 shares of Meta Platforms stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total value of $303,875.00. Following the completion of the sale, the director directly owned 3,443 shares in the company, valued at approximately $2,092,483.25. This trade represents a 12.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer directly owned 9,498 shares of the company’s stock, valued at approximately $5,708,013.06. This trade represents a 26.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,503 shares of company stock valued at $24,241,859 over the last ninety days. Insiders own 13.53% of the company’s stock.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta’s upcoming Q2 earnings release on July 29 should provide a fresh read on revenue growth, profitability, and the payoff from its AI investments. Meta to Announce Second Quarter 2026 Results
• Neutral Sentiment: Analysts and media continue to debate Meta’s valuation and long-term AI strategy, with some arguing the stock remains attractive while others say spending is getting ahead of near-term returns. Meta Platforms is Overvalued at 5.92X PS: Buy, Sell or Hold the Stock?
• Negative Sentiment: Meta faces a lawsuit alleging its AI-based layoff process discriminated against employees on approved leave, which could add legal costs and hurt investor sentiment around its AI deployment practices. Meta used AI to target workers with medical conditions for layoffs, former employees’ lawsuit claims

Meta Platforms Stock Performance

META stock opened at $661.04 on Wednesday. The stock has a market capitalization of $1.67 trillion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.25. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $600.12 and its 200 day simple moving average is $626.76.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company’s revenue was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $6.43 EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.

Analysts Set New Price Targets

META has been the subject of a number of research reports. Wall Street Zen downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. KeyCorp restated an “overweight” rating and set a $760.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Guggenheim dropped their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Truist Financial cut their price target on Meta Platforms from $900.00 to $840.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $835.90.

About Meta Platforms

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.