Sigma Planning Corp cut its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,356 shares of the social networking company’s stock after selling 2,791 shares during the quarter. Meta Platforms comprises 0.6% of Sigma Planning Corp’s holdings, making the stock its 20th biggest position. Sigma Planning Corp’s holdings in Meta Platforms were worth $24,193,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Bright Futures Wealth Management LLC. lifted its holdings in shares of Meta Platforms by 1.6% in the third quarter. Bright Futures Wealth Management LLC. now owns 1,529 shares of the social networking company’s stock valued at $1,109,000 after purchasing an additional 24 shares in the last quarter. IRON Financial LLC boosted its position in shares of Meta Platforms by 45.2% during the third quarter. IRON Financial LLC now owns 3,089 shares of the social networking company’s stock worth $2,240,000 after buying an additional 962 shares during the period. Straight Path Wealth Management grew its holdings in shares of Meta Platforms by 30.1% during the third quarter. Straight Path Wealth Management now owns 665 shares of the social networking company’s stock worth $482,000 after buying an additional 154 shares in the last quarter. Broadway Wealth Solutions Inc. grew its holdings in shares of Meta Platforms by 6.3% during the third quarter. Broadway Wealth Solutions Inc. now owns 1,051 shares of the social networking company’s stock worth $762,000 after buying an additional 62 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of Meta Platforms by 0.8% during the third quarter. Financial Management Professionals Inc. now owns 2,781 shares of the social networking company’s stock worth $2,017,000 after buying an additional 22 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Meta Platforms Price Performance
NASDAQ:META opened at $614.99 on Friday. 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’s 50-day simple moving average is $670.03 and its 200 day simple moving average is $632.26. The company has a market cap of $1.57 trillion, a P/E ratio of 20.97, a P/E/G ratio of 1.07 and a beta of 1.19. 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 released its earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $0.86. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The business had revenue of $64.60 billion for the quarter, compared to analyst estimates of $63.34 billion. During the same quarter in the prior year, the company posted $7.25 earnings per share. Meta Platforms’s revenue was up 26.1% on a year-over-year basis. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 29.01 EPS 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 of this dividend was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is 7.16%.
More Meta Platforms News
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
In other news, insider Christopher Cox sold 40,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 184,516 shares in the company, valued at $131,515,624.16. This represents a 17.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total value of $2,002,514.40. Following the sale, the chief accounting officer owned 6,271 shares in the company, valued at approximately $3,875,854.26. This represents a 34.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 150,015 shares of company stock worth $102,464,300. Corporate insiders own 13.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on META. China Renaissance dropped their target price on Meta Platforms from $825.00 to $700.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Arete Research upped their price target on Meta Platforms from $735.00 to $806.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. HSBC decreased their price target on shares of Meta Platforms from $905.00 to $830.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Robert W. Baird lowered their price objective on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Finally, Cantor Fitzgerald lifted their price objective on shares of Meta Platforms from $840.00 to $860.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Three investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $833.12.
Read Our Latest Research Report on META
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.
Featured Articles
- Five stocks we like better than Meta Platforms
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
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).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
