Meta Platforms, Inc. $META Shares Sold by Investment House LLC

Investment House LLC lessened its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,657 shares of the social networking company’s stock after selling 31,415 shares during the quarter. Meta Platforms comprises approximately 4.1% of Investment House LLC’s investment portfolio, making the stock its 4th biggest holding. Investment House LLC’s holdings in Meta Platforms were worth $94,024,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advantage Trust Co acquired a new stake in shares of Meta Platforms in the second quarter valued at approximately $28,000. Philadelphia Investment Partners LLC acquired a new position in Meta Platforms during the 2nd quarter worth $32,000. Horizons Wealth Management bought a new position in Meta Platforms in the 3rd quarter valued at $33,000. Axiom Investment Management LLC bought a new position in Meta Platforms in the 1st quarter valued at $36,000. Finally, Schuylkill Financial LLC bought a new position in Meta Platforms in the 2nd quarter valued at $36,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 1.6%

Shares of Meta Platforms stock opened at $620.19 on Wednesday. The business has a fifty day simple moving average of $665.70 and a 200 day simple moving average of $632.70. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82.

Meta Platforms (NASDAQ:META – Get Free Report) last released its earnings results on Wednesday, October 21st. The social networking company reported $7.40 earnings per share for the quarter, beating the consensus estimate of $6.54 by $0.86. The company had revenue of $64.60 billion during the quarter, compared to analyst estimates of $63.34 billion. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.25 EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 28.98 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were given a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan Li sold 9,196 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the completion of the transaction, the chief financial officer owned 13,186 shares in the company, valued at approximately $7,260,343.46. The trade was a 41.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the sale, the chief technology officer directly owned 828 shares of the company’s stock, valued at $462,024. The trade was a 90.46% decrease in their position. 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 148,440 shares of company stock worth $101,456,300 over the last ninety days. 13.53% of the stock is owned by corporate insiders.

Key Headlines Impacting Meta Platforms

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

  • Positive Sentiment: Nvidia partnership validates Meta’s AI strategy: Nvidia plans to invest $3 billion in Meta and expand cooperation on Meta’s Muse AI assistant and model family. Meta is expected to deploy more Nvidia hardware, potentially strengthening Muse’s capabilities and supporting future monetization. Nvidia, Meta partner on Muse agent as Nvidia invests $3 billion
  • Positive Sentiment: Core business momentum remains strong: Meta reported quarterly revenue of $64.6 billion, up 26% year over year, and exceeded earnings expectations. Advertising benefited from higher impressions and pricing, while analysts cited Meta’s massive user base and Muse’s potential in commerce, subscriptions and business tools. Analysts Turn Bullish on Meta Platforms Despite Post-Earnings Fall
  • Positive Sentiment: Analysts remain constructive: Several analysts raised price targets or maintained bullish ratings, arguing that AI-enhanced advertising and successful adoption of Muse could create significant long-term revenue growth. Meta’s $825B AI Bet Is Massive, But Muse Could Make It Worth It

Wall Street Analyst Weigh In

META has been the subject of several research reports. CICC Research lowered their target price on Meta Platforms from $773.00 to $700.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. DZ Bank reiterated a “buy” rating on shares of Meta Platforms in a report on Thursday, July 30th. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a report on Thursday, August 27th. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday, August 27th. Finally, Wells Fargo & Company dropped their price objective on Meta Platforms from $1,000.00 to $995.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $833.12.

View Our Latest Stock Report on META

Meta Platforms Profile

(Free Report)

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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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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