Axxcess Wealth Management LLC Reduces Stock Position in Meta Platforms, Inc. $META

Axxcess Wealth Management LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,476 shares of the social networking company’s stock after selling 187 shares during the period. Meta Platforms accounts for approximately 0.9% of Axxcess Wealth Management LLC’s portfolio, making the stock its 21st largest position. Axxcess Wealth Management LLC’s holdings in Meta Platforms were worth $38,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms in the first quarter worth about $28,000. Evergreen Private Wealth LLC lifted its holdings in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the first quarter worth about $33,000. Maseco LLP purchased a new stake in Meta Platforms in the second quarter worth about $54,000. Finally, JCIC Asset Management Inc. lifted 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 worth $46,000 after buying an additional 40 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on META shares. BMO Capital Markets raised their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an “underperform” rating to a “hold” rating in a report on Thursday, July 3rd. Pivotal Research lifted their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Sanford C. Bernstein lifted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $829.66.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $734.00 on Friday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The firm has a market cap of $1.84 trillion, a P/E ratio of 26.57, a PEG ratio of 1.53 and a beta of 1.20. The company has a 50 day moving average of $743.05 and a 200 day moving average of $688.52. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the business earned $5.16 EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is presently 7.60%.

Insider Activity

In related news, insider Christopher K. Cox sold 60,000 shares of the business’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 value of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock valued at $164,951,541 in the last quarter. Insiders own 13.61% of the company’s stock.

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.