Prossimo Advisors LLC decreased its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 60.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 677 shares of the social networking company’s stock after selling 1,015 shares during the quarter. Meta Platforms comprises 3.7% of Prossimo Advisors LLC’s portfolio, making the stock its 10th biggest holding. Prossimo Advisors LLC’s holdings in Meta Platforms were worth $497,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of META. Bare Financial Services Inc purchased a new stake in shares of Meta Platforms in the second quarter valued at $30,000. Evergreen Private Wealth LLC raised its position in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the period. Briaud Financial Planning Inc bought a new stake in Meta Platforms in the second quarter worth about $42,000. Knuff & Co LLC bought a new stake in Meta Platforms in the second quarter worth about $44,000. Finally, WFA Asset Management Corp boosted its position in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares during the period. Institutional investors own 79.91% of the company’s stock.
Meta Platforms News Roundup
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta will roll out ads on Threads globally next week, expanding a monetization channel on a platform with 400M+ monthly users and improving the ad‑growth narrative. Meta to begin rolling out Threads ads globally
- Positive Sentiment: Analysts remain constructive: Jefferies reiterated a Buy and a $910 PT and TD Cowen lifted its target to $820 while reporting Meta will double production of Meta Glasses — signals of continued analyst conviction and product investment upside. Meta pullback creates upside opportunity
- Positive Sentiment: Meta’s new AI lab has delivered its first internal models, per the CTO — tangible progress on AI development that supports the company’s long‑term AI narrative and could assuage some investor concerns about the ROI of heavy AI spending. Meta’s new AI team has delivered first key models
- Neutral Sentiment: MarketBeat preview flags that the upcoming Q4 results will be driven as much by Meta’s 2026 CapEx guidance and expense outlook as by revenue/EPS — a clear catalyst that could swing the stock depending on how aggressive spending guidance is. META Q4 Earnings Preview
- Negative Sentiment: Meta faces an approaching New Mexico child‑safety trial; company lawyers are trying to limit evidence — a legal overhang that adds regulatory and reputational risk. Meta seeks to limit evidence in child safety case
- Negative Sentiment: Some analyst moves and investor actions are mixed-to-negative: UBS trimmed its price target and Meta was reported trading down after that downgrade; a director sold 580 shares — small signals but they can amplify near‑term volatility. UBS lowers Meta price target
Meta Platforms Stock Up 5.7%
Meta Platforms (NASDAQ:META – Get Free Report) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter last year, the firm posted $6.03 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.
Insiders Place Their Bets
In related news, Director Robert M. Kimmitt sold 580 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $618.28, for a total transaction of $358,602.40. Following the completion of the sale, the director directly owned 5,587 shares in the company, valued at $3,454,330.36. This represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $658.69, for a total value of $341,860.11. Following the sale, the insider directly owned 28,658 shares in the company, valued at approximately $18,876,738.02. The trade was a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,632 shares of company stock worth $25,055,572 over the last 90 days. Company insiders own 13.61% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Stifel Nicolaus decreased their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research note on Monday, December 29th. Robert W. Baird decreased their target price on Meta Platforms from $820.00 to $815.00 and set an “outperform” rating for the company in a research report on Tuesday, December 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Finally, Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $821.55.
Read Our Latest Stock Analysis on Meta Platforms
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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