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

Axxcess Wealth Management LLC reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 20.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,466 shares of the social networking company’s stock after selling 13,248 shares during the period. Meta Platforms makes up about 0.9% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Axxcess Wealth Management LLC’s holdings in Meta Platforms were worth $28,760,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of META. RHL Group LLC acquired a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms during the fourth quarter valued at about $29,000. Niles Investment Management LLC acquired a new position in Meta Platforms during the fourth quarter valued at approximately $29,000. Bayban grew its stake in Meta Platforms by 100.0% in the 1st quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after buying an additional 35 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms in the fourth quarter worth about $42,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on META shares. Roth Capital reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. Wells Fargo & Company increased their price objective on Meta Platforms from $765.00 to $767.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group downgraded Meta Platforms from a “buy” rating to a “sell” rating in a report on Tuesday, June 2nd. Citizens Jmp reduced their price target on shares of Meta Platforms from $825.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Three investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $835.90.

Meta Platforms Stock Performance

Shares of META stock opened at $656.73 on Tuesday. The company has a market capitalization of $1.66 trillion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The company’s 50 day moving average price is $599.00 and its two-hundred day moving average price is $626.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business earned $6.43 EPS. On average, analysts expect 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. Stockholders of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s payout ratio is currently 7.63%.

Meta Platforms News Roundup

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

• Positive Sentiment: UBS kept a buy rating on Meta while lowering its price target to $766 from $865, implying meaningful upside from current levels and signaling analysts still see room for gains despite recent volatility.
• Positive Sentiment: Multiple articles highlighted Meta’s expanded AI ambitions, including a major scale-up of its Louisiana Hyperion data center to 5 gigawatts and more than $50 billion in projected cost, reinforcing the company’s commitment to AI infrastructure and long-term growth.
• Positive Sentiment: Some market commentary framed Meta as one of the strongest mega-cap AI stories, citing its ability to fund AI investment with a profitable ad business and noting that its new AI model is priced well below rivals, which could help adoption.
• Neutral Sentiment: Several reports focused on technical factors, saying META looked overbought and near resistance, which may be contributing to short-term weakness rather than reflecting a change in fundamentals.
• Negative Sentiment: Investors are also weighing concerns that Meta’s AI spending is rising fast, with 2026 capex now expected at $125 billion to $145 billion, raising questions about near-term returns on investment and pressuring sentiment.
• Negative Sentiment: Meta pulled down an AI image tool after privacy backlash, and the company is facing criticism over AI advertising tools that allegedly create poor results for brands, adding reputational and regulatory noise.
• Negative Sentiment: Additional headlines noted a Chinese regulatory setback on a planned AI acquisition and an EU probe into Facebook and Instagram design features, which could increase legal and compliance uncertainty.

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 500 shares of Meta Platforms stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the transaction, the director directly owned 3,443 shares in the company, valued at approximately $2,092,483.25. The trade was a 12.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the transaction, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their ownership of the stock. 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 40,083 shares of company stock valued at $24,628,719 in the last three months. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Profile

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.