Leo Wealth LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,872 shares of the social networking company’s stock, valued at approximately $2,808,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its position in shares of Meta Platforms by 4.0% during the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock worth $51,841,811,000 after purchasing an additional 3,510,123 shares in the last quarter. Bank of America Corp DE lifted its stake in Meta Platforms by 14.6% in the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock valued at $12,036,491,000 after buying an additional 2,673,494 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Meta Platforms by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company’s stock worth $7,230,426,000 after acquiring an additional 162,909 shares during the last quarter. Amundi grew its holdings in shares of Meta Platforms by 18.1% in the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock valued at $6,784,873,000 after buying an additional 1,815,017 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Meta Platforms by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company’s stock valued at $5,964,745,000 after acquiring an additional 404,948 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
META has been the subject of a number of research analyst reports. KeyCorp upped their target price on shares of Meta Platforms from $900.00 to $905.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. DZ Bank restated a “buy” rating on shares of Meta Platforms in a report on Thursday, July 30th. UBS Group reaffirmed an “outperform” rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Thursday, October 22nd. Erste Group Bank upgraded Meta Platforms from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, Benchmark reissued a “hold” rating on shares of Meta Platforms in a research report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $833.12.
Read Our Latest Report on Meta Platforms
Meta Platforms Stock Performance
META opened at $614.99 on Friday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $779.82. The firm has a market capitalization of $1.57 trillion, a PE ratio of 20.97, a PEG ratio of 1.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 1.90. The business’s 50-day simple moving average is $670.03 and its 200 day simple moving average is $632.26.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. The firm had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The business’s revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company earned $7.25 earnings per share. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms’s dividend payout ratio is presently 7.16%.
Key Stories Impacting Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta settled a teen lawsuit alleging that Instagram and Facebook contributed to addiction, depression and eating disorders. Financial terms were not disclosed, but the agreement removes Meta from an upcoming Los Angeles trial and reduces near-term litigation uncertainty. Reuters settlement report
- Positive Sentiment: Meta’s advertising fundamentals remain strong: recent coverage cited higher ad pricing, rising impressions, improved AI-driven ad conversions and strong engagement. Analysts also see meaningful upside, with one fair-value estimate raised from $813.65 to $848.38 per share. Meta fair value report
- Positive Sentiment: Meta expanded its relationship with Advanced Micro Devices, including a $1 billion equity investment and multi-generation chip co-design for Meta’s AI data centers. The deal may improve access to computing capacity and supplier diversification. AMD and Meta partnership report
Insider Activity at Meta Platforms
In related news, COO Javier Olivan sold 946 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $640.00, for a total value of $605,440.00. Following the completion of the transaction, the chief operating officer directly owned 5,040 shares of the company’s stock, valued at approximately $3,225,600. This trade represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 150,015 shares of company stock valued at $102,464,300. Corporate insiders own 13.53% of the company’s stock.
Meta Platforms Company 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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