Meta Platforms, Inc. $META Stock Purchased by Hedeker Wealth LLC

Hedeker Wealth LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 7.8% during the third quarter, HoldingsChannel reports. The firm owned 21,500 shares of the social networking company’s stock after purchasing an additional 1,557 shares during the quarter. Meta Platforms makes up about 2.8% of Hedeker Wealth LLC’s investment portfolio, making the stock its 12th largest position. Hedeker Wealth LLC’s holdings in Meta Platforms were worth $15,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in META. State Street Corp boosted its position in Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after buying an additional 3,510,123 shares during the last quarter. Bank of America Corp DE raised its position in Meta Platforms by 14.6% during the 1st quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock worth $12,036,491,000 after buying an additional 2,673,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 buying an additional 162,909 shares during the last quarter. Amundi lifted its stake in Meta Platforms by 18.1% during the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock valued at $6,784,873,000 after acquiring an additional 1,815,017 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in 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. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction that occurred 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 sale, the chief operating officer owned 5,040 shares in the company, valued at approximately $3,225,600. This trade represents a 15.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 150,015 shares of company stock worth $102,464,300 in the last ninety days. 13.53% of the stock is owned by company insiders.

Meta Platforms News Roundup

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Pivotal Research boosted their target price on shares of Meta Platforms from $930.00 to $960.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $885.00 price objective on shares of Meta Platforms in a research note on Thursday, October 22nd. Piper Sandler decreased their price objective on Meta Platforms from $875.00 to $850.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Morgan Stanley upped their target price on Meta Platforms from $775.00 to $820.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Finally, Canaccord Genuity Group upped their target price on Meta Platforms from $930.00 to $950.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $833.12.

Read Our Latest Stock Report on META

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $614.99 on Friday. 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 price is $670.03 and its 200-day moving average price is $632.26. The firm has a market capitalization of $1.57 trillion, a PE ratio of 20.97, a P/E/G ratio of 1.07 and a beta of 1.19. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $779.82.

Meta Platforms (NASDAQ:META – Get Free Report) last released its earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, topping analysts’ consensus estimates of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The business had revenue of $64.60 billion for the quarter, compared to analyst estimates of $63.34 billion. During the same period last year, the company posted $7.25 EPS. The business’s revenue was up 26.1% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were given a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 7.16%.

Meta Platforms Company 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.

See Also

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

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

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