Neumann Capital Management LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,399 shares of the social networking company’s stock, valued at approximately $1,015,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairtree Asset Management Pty Ltd boosted its stake in Meta Platforms by 18.6% in the 2nd quarter. Fairtree Asset Management Pty Ltd now owns 18,777 shares of the social networking company’s stock worth $10,577,000 after purchasing an additional 2,939 shares during the period. Madison Wealth Partners Inc grew its holdings in Meta Platforms by 33.6% during the 2nd quarter. Madison Wealth Partners Inc now owns 3,031 shares of the social networking company’s stock valued at $1,707,000 after buying an additional 763 shares in the last quarter. William John Sempolinski bought a new stake in shares of Meta Platforms during the second quarter valued at about $3,107,000. Sone Capital Management LLC increased its position in shares of Meta Platforms by 38.2% during the second quarter. Sone Capital Management LLC now owns 16,059 shares of the social networking company’s stock valued at $9,046,000 after buying an additional 4,440 shares during the period. Finally, Lakewood Capital Management LP increased its position in shares of Meta Platforms by 63.7% during the second quarter. Lakewood Capital Management LP now owns 115,985 shares of the social networking company’s stock valued at $65,333,000 after buying an additional 45,130 shares during the period. 79.91% of the stock is owned by institutional investors.
Insider Activity at Meta Platforms
In other Meta Platforms news, insider Christopher Cox sold 40,000 shares of Meta Platforms stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $712.76, for a total transaction of $28,510,400.00. Following the completion of the sale, the insider directly owned 184,516 shares in the company, valued at $131,515,624.16. The trade was a 17.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of Meta Platforms stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $777.44, for a total transaction of $21,359,386.56. 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 149,797 shares of company stock valued at $102,180,385 over the last three months. 13.53% of the stock is owned by corporate insiders.
Meta Platforms Stock Performance
NASDAQ:META opened at $709.33 on Friday. The business’s 50-day moving average price is $655.78 and its two-hundred day moving average price is $625.86. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82. The stock has a market cap of $1.81 trillion, a P/E ratio of 26.72, a PEG ratio of 1.23 and a beta of 1.19. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business had revenue of $60.80 billion for the quarter, compared to the consensus estimate of $60.22 billion. During the same quarter last year, the business posted $7.14 EPS. The business’s revenue was up 28.0% compared to the same quarter last year. As a group, equities analysts predict that Meta Platforms, Inc. will post 28.81 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were paid a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 7.91%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $770.00 price target on shares of Meta Platforms in a report on Thursday, September 24th. Robert W. Baird reduced their price objective on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Daiwa Securities Group reduced their price objective on shares of Meta Platforms from $790.00 to $687.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $800.00 target price (down from $850.00) on shares of Meta Platforms in a report on Thursday, July 30th. Finally, Roth Capital lowered their target price on shares of Meta Platforms from $820.00 to $750.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $808.88.
Read Our Latest Report on META
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Bank of America expects Meta to exceed third-quarter revenue expectations, forecasting $63.8 billion versus a $63.3 billion consensus estimate, and maintained a Buy rating with an $810 price target. Meta expected to beat revenue forecasts as AI boosts advertising, says Bank of America
- Positive Sentiment: Meta released the open-weight Muse Spark model for coding and AI-agent tasks, while its collaboration with Apple enables developers to run the model locally on high-end Mac computers. The developments could broaden adoption of Meta’s AI technology and reduce reliance on cloud infrastructure. Meta releases open-weight Muse Spark model
- Positive Sentiment: JPMorgan reaffirmed its Overweight rating and set a $920 price target, implying substantial upside, while other analysts including KeyCorp and Rosenblatt also maintained positive ratings. JPMorgan reaffirms Meta rating
- Neutral Sentiment: Meta is expected to report third-quarter results on October 21. Investors will focus on advertising growth, user metrics, profitability, capital expenditures, and management’s outlook for AI infrastructure spending. Meta Q3 earnings estimates
- Neutral Sentiment: Meta withdrew $25 million from a previously announced $65 million effort to support political candidates considered favorable to the AI industry. The move may reduce near-term spending but signals a change in its political strategy. Meta Withdraws $25 Million from Its Midterms Push
- Negative Sentiment: Analyst-related pressure is weighing on the stock after Goldman Sachs lowered its expectations and Meta was reported down following an analyst downgrade, countering the more bullish JPMorgan view. Meta stock price down on analyst downgrade
- Negative Sentiment: Investors remain concerned that AI infrastructure spending could reach approximately $205 billion in 2027. Heavy capital expenditures are reducing free cash flow, while potential legal charges and regulatory scrutiny add to earnings risk. Meta AI spending could hit $205 billion
- Negative Sentiment: Seven U.S. senators are questioning Meta’s claim of $6.6 billion in research tax credits for AI data centers, creating potential tax liability and reputational risk. Senators question Meta AI data-center tax credits
Meta Platforms Profile
Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company’s principal platforms include Facebook, Instagram, Messenger, WhatsApp, and Threads, which enable users to connect, communicate, share content, and discover products and services.
Meta also operates Reality Labs, its division focused on virtual, augmented, and mixed reality technologies. Reality Labs develops products such as Meta Quest virtual reality headsets and related software and experiences, along with research and hardware intended to support immersive computing.
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