Praxis Investment Management Inc. increased its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,270 shares of the social networking company’s stock after purchasing an additional 2,359 shares during the period. Meta Platforms accounts for 1.8% of Praxis Investment Management Inc.’s portfolio, making the stock its 11th largest position. Praxis Investment Management Inc.’s holdings in Meta Platforms were worth $29,333,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in META. Integral Investment Advisors Inc. grew its stake in Meta Platforms by 25.3% during the 1st quarter. Integral Investment Advisors Inc. now owns 7,277 shares of the social networking company’s stock worth $4,164,000 after buying an additional 1,469 shares during the last quarter. Revisor Wealth Management LLC increased its position in Meta Platforms by 7.7% in the first quarter. Revisor Wealth Management LLC now owns 5,282 shares of the social networking company’s stock worth $3,022,000 after buying an additional 376 shares during the period. Koshinski Asset Management Inc. lifted its stake in Meta Platforms by 9.0% in the first quarter. Koshinski Asset Management Inc. now owns 12,738 shares of the social networking company’s stock valued at $7,288,000 after buying an additional 1,057 shares during the last quarter. Hunter Associates Investment Management LLC lifted its stake in Meta Platforms by 3.8% in the first quarter. Hunter Associates Investment Management LLC now owns 2,530 shares of the social networking company’s stock valued at $1,447,000 after buying an additional 93 shares during the last quarter. Finally, CWS Financial Advisors LLC boosted its holdings in shares of Meta Platforms by 1.7% during the first quarter. CWS Financial Advisors LLC now owns 985 shares of the social networking company’s stock valued at $564,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.
Insider Transactions at Meta Platforms
In other Meta Platforms news, Director Robert M. Kimmitt sold 500 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total value of $303,875.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares of the company’s stock, valued at $5,708,013.06. The trade was a 26.06% 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. In the last 90 days, insiders have sold 44,748 shares of company stock valued at $27,565,292. Corporate insiders own 13.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on META
Key Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched Muse Spark 1.1, an upgraded multimodal AI model with agentic coding features and public developer access, signaling a more serious push into enterprise AI and paid API usage. Meta enters the crowded AI coding battle with Muse Spark 1.1
- Positive Sentiment: Reports that Meta plans to start manufacturing its own AI chip in September point to a potential reduction in GPU costs and better control over future AI infrastructure spending. Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
- Positive Sentiment: Meta’s expanding AI infrastructure buildout, including a new large data center in Canada and a reported 250MW energy supply agreement, supports the view that the company is preparing for much larger AI demand. Meta plans billions for first AI data center in Canada, largest outside the US
- Positive Sentiment: Analyst commentary and bullish articles argue Meta’s heavy AI spending could eventually translate into higher margins, compute monetization, and stronger ad products, helping justify the stock’s valuation. Alphabet vs. Meta: Which AI Stock Is the Better Buy Right Now?
- Neutral Sentiment: Some coverage notes Meta’s valuation, aggressive capex, and competition from OpenAI, Anthropic, and Google, which keeps investor expectations balanced even as AI momentum improves. META’s $9B AI Infrastructure Bet, Cloud Ambitions: Is the Stock a Buy?
- Negative Sentiment: There are still concerns that Meta is spending heavily on AI before proving enough near-term returns, and one report said the stock had dipped earlier as capex worries resurfaced. Meta Stock Dips as AI Capex Concerns Arise
Meta Platforms Trading Up 4.7%
Shares of NASDAQ:META opened at $631.48 on Friday. The company has a 50 day moving average of $598.10 and a 200-day moving average of $626.80. 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 firm has a market cap of $1.60 trillion, a P/E ratio of 22.95, a P/E/G ratio of 1.06 and a beta of 1.25. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.43 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid 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%.
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.
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