Virtue Capital Management LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 18.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,572 shares of the social networking company’s stock after selling 1,286 shares during the quarter. Virtue Capital Management LLC’s holdings in Meta Platforms were worth $4,041,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in META. Optima Capital LLC boosted its position in Meta Platforms by 41.0% during the 3rd quarter. Optima Capital LLC now owns 2,358 shares of the social networking company’s stock valued at $1,710,000 after acquiring an additional 686 shares in the last quarter. Nippon Life Global Investors Americas Inc. grew its holdings in shares of Meta Platforms by 6.2% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 125,950 shares of the social networking company’s stock worth $91,336,000 after acquiring an additional 7,330 shares during the period. DecisionMap Wealth Management LLC raised its position in shares of Meta Platforms by 4.3% in the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,289 shares of the social networking company’s stock worth $1,660,000 after acquiring an additional 94 shares in the last quarter. Bell Investment Advisors Inc raised its position in shares of Meta Platforms by 12.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 952 shares of the social networking company’s stock worth $691,000 after acquiring an additional 106 shares in the last quarter. Finally, Verus Financial Partners Inc. raised its position in shares of Meta Platforms by 3.7% in the 3rd quarter. Verus Financial Partners Inc. now owns 1,115 shares of the social networking company’s stock worth $809,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on META shares. Yorkville Ives assumed coverage on Meta Platforms in a research report on Tuesday, October 6th. They set an “outperform” rating and a $900.00 price target on the stock. President Capital upgraded Meta Platforms from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $660.00 to $897.00 in a report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Meta Platforms from $750.00 to $820.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Barclays boosted their target price on shares of Meta Platforms from $780.00 to $880.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Finally, New Street Research dropped their target price on shares of Meta Platforms from $730.00 to $700.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $833.12.
Read Our Latest Research Report on META
Meta Platforms Stock Up 0.8%
Shares of Meta Platforms stock traded up $5.07 during midday trading on Friday, hitting $610.15. The company had a trading volume of 15,673,971 shares, compared to its average volume of 23,359,418. 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 stock has a market capitalization of $1.56 trillion, a P/E ratio of 20.80, a P/E/G ratio of 1.05 and a beta of 1.28. The company has a 50 day moving average of $674.97 and a 200 day moving average of $632.16. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $779.82.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $64.60 billion during the quarter, compared to analyst estimates of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter last year, the company earned $7.25 EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were paid 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 of this dividend was Monday, September 21st. Meta Platforms’s dividend payout ratio is currently 7.16%.
Insider Activity at Meta Platforms
In other news, COO Javier Olivan sold 946 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $614.15, for a total transaction of $580,985.90. Following the completion of the transaction, the chief operating officer directly owned 4,094 shares in the company, valued at $2,514,330.10. This trade represents a 18.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,090 shares of company stock valued at $103,150,807 over the last 90 days. Corporate insiders own 13.53% of the company’s stock.
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched Spaces, a collaboration feature for its Muse AI agents, following the rollout of Muse Voice. The new offerings may help strengthen user engagement and expand Meta’s consumer AI ecosystem. Meta introduces Spaces
- Positive Sentiment: Recent earnings commentary points to AI supporting Meta’s advertising operations, reinforcing the potential for the company’s AI investments to generate revenue. Takeaways from recent earnings
- Neutral Sentiment: Meta paused planned updates to its terms and is keeping existing rules in place. The move avoids an immediate policy change, though the underlying issues remain unresolved. Meta pauses planned terms updates
- Neutral Sentiment: Plans for new nonvoting Class C shares have been described as effectively creating a 2-for-1 split. A split changes the number of shares, but does not by itself change the company’s underlying value; the structure preserves Mark Zuckerberg’s voting control. Is Meta Platforms next for a stock split?
- Negative Sentiment: Meta and other platforms sued to block California restrictions on social-media features for users under 16. The case adds regulatory uncertainty and potential legal costs. Platforms sue over California teen social-media law
- Negative Sentiment: Meta warned that political backlash and possible limits on data-center construction could complicate its AI expansion. Its $15 billion senior-notes offering also highlights the scale of financing required for investment. Data-center expansion concerns
- Negative Sentiment: Reported ETF net selling and insider share sales may add short-term pressure, although the disclosed insider transaction was made under a pre-arranged trading plan. ETFs are net sellers of Meta Platforms
About Meta Platforms
Meta Platforms, Inc is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world.
The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta’s business, with its platforms providing tools for businesses to promote products and services.
Founded in 2004 as Facebook by Mark Zuckerberg and fellow students, the company changed its name to Meta Platforms in 2021 to reflect its broader focus on building social technologies and immersive digital experiences.
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