Meta Platforms, Inc. $META is New Jersey Better Educational Savings Trust’s 6th Largest Position

New Jersey Better Educational Savings Trust cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 72.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 383 shares of the social networking company’s stock after selling 983 shares during the period. Meta Platforms comprises 0.7% of New Jersey Better Educational Savings Trust’s holdings, making the stock its 6th largest holding. New Jersey Better Educational Savings Trust’s holdings in Meta Platforms were worth $283,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Meta Platforms by 0.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock worth $2,587,000 after purchasing an additional 13 shares during the period. Pachira Investments Inc. boosted its stake in Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after buying an additional 14 shares during the period. Hemington Wealth Management increased its position in Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after acquiring an additional 14 shares during the last quarter. Myecfo LLC increased its position in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after acquiring an additional 15 shares during the last quarter. Finally, Shelton Wealth Management LLC raised its stake in shares of Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after acquiring an additional 15 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.1%

META opened at $609.89 on Friday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a market capitalization of $1.54 trillion, a P/E ratio of 26.94, a PEG ratio of 1.35 and a beta of 1.20. The stock’s fifty day moving average is $716.58 and its two-hundred day moving average is $703.72. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

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

Meta Platforms Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on META. Royal Bank Of Canada dropped their price target on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Rosenblatt Securities upped their target price on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. BMO Capital Markets increased their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Finally, Piper Sandler dropped their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the transaction, the director directly owned 7,947 shares in the company, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $631.00, for a total transaction of $326,227.00. Following the completion of the transaction, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at $4,369,044. This trade represents a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 44,421 shares of company stock valued at $33,573,980. Company insiders own 13.61% of the company’s stock.

Meta Platforms 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.