MMA Asset Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 48.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 896 shares of the social networking company’s stock after selling 833 shares during the quarter. MMA Asset Management LLC’s holdings in Meta Platforms were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in META. State Street Corp grew its position in shares of Meta Platforms by 4.0% during the 2nd quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after acquiring an additional 3,510,123 shares during the period. Bank of America Corp DE lifted its position in Meta Platforms by 14.6% during 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 purchasing an additional 2,673,494 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Meta Platforms by 1.3% during the second 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 valued at $7,230,426,000 after purchasing an additional 162,909 shares during the period. Amundi raised its stake in shares of Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after buying an additional 1,815,017 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Meta Platforms by 4.0% during the 1st 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 hedge funds and other institutional investors.
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta’s Muse AI assistant is expanding to Apple Watch and Android Wear OS, giving users another way to access its AI services and potentially broadening adoption. Article: Meta’s AI agent Muse lands on Apple Watch and Android Wear OS
- Positive Sentiment: JPMorgan named Meta one of its preferred internet stocks, citing AI-driven advertising and future monetization opportunities. The endorsement may help investor confidence after recent pressure on the shares. Article: JPMorgan Just Added Meta Platforms to Its Analyst Focus List
- Positive Sentiment: ETF purchases exceeded sales on Friday, with 63 funds buying Meta shares and a reported net inflow of $211.9 million—an indication of institutional demand. Article: ETFs Bought $211.9 Million of Meta Platforms
- Neutral Sentiment: Short-interest figures conflict: one report says short positions rose 165.6% to 75.5 million shares as of October 30, while a later entry reports zero shares as of November 10. The inconsistency makes the latest data unreliable as a directional signal.
- Negative Sentiment: Investors continue to weigh the cost and payoff of Meta’s AI investment. Recent coverage cites negative free cash flow and a large legal charge that weighed on reported earnings, despite strong advertising growth. Article: Meta Platforms Stock: Is it a Steal of a Deal at $650?
- Negative Sentiment: Meta is expanding AI-based age checks for Instagram teens as lawsuits over harm to young users continue. The move may address safety concerns, but the litigation and regulatory exposure remain risks. Article: Meta expands Instagram’s AI age-guessing tech globally
Meta Platforms Trading Up 0.0%
Shares of NASDAQ META opened at $641.39 on Wednesday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $779.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50 day moving average is $677.61 and its two-hundred day moving average is $632.27. The stock has a market capitalization of $1.64 trillion, a P/E ratio of 21.87, a PEG ratio of 1.11 and a beta of 1.28.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, beating the consensus estimate of $6.54 by $0.86. The business had revenue of $64.60 billion for the quarter, compared to the consensus estimate of $63.34 billion. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.25 earnings per share. As a group, research analysts expect that Meta Platforms, Inc. will post 29.01 EPS for the current year.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were paid a $0.5250 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.16%.
Wall Street Analyst Weigh In
META has been the subject of several analyst reports. Truist Financial increased their target price on shares of Meta Platforms from $763.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. Cantor Fitzgerald boosted their price objective on Meta Platforms from $840.00 to $860.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. HSBC cut their target price on Meta Platforms from $905.00 to $830.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Moffett Nathanson lowered their price target on Meta Platforms from $800.00 to $740.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, China Renaissance reduced their price objective on shares of Meta Platforms from $825.00 to $700.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $833.12.
View Our Latest Analysis on Meta Platforms
Insider Buying and Selling
In other Meta Platforms news, insider Christopher Cox sold 40,000 shares of Meta Platforms stock in a transaction on Monday, September 21st. The stock was 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 of the company’s stock, valued at $131,515,624.16. The trade was a 17.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $4,379,184.00. Following the completion of the sale, the chief technology officer owned 828 shares of the company’s stock, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 149,398 shares of company stock valued at $102,134,435 over the last 90 days. 13.42% of the stock is owned by insiders.
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.
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