TTP Investments Inc. lessened its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 25.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,130 shares of the social networking company’s stock after selling 3,785 shares during the period. Meta Platforms comprises 3.2% of TTP Investments Inc.’s investment portfolio, making the stock its 7th biggest holding. TTP Investments Inc.’s holdings in Meta Platforms were worth $8,072,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LP lifted its holdings in shares of Meta Platforms by 723.1% in the second quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock valued at $4,957,946,000 after purchasing an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC bought a new stake in Meta Platforms during the second quarter worth $2,948,486,000. State Street Corp grew its holdings in 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 buying an additional 3,510,123 shares in the last quarter. Bank of America Corp DE raised its position in Meta Platforms by 14.6% in the 1st 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 last quarter. Finally, Amundi raised its position in 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 last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Analyst Ratings Changes
META has been the topic of several recent analyst reports. Rothschild & Co Redburn raised their price objective on Meta Platforms from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Monness Crespi & Hardt reiterated a “buy” rating and issued a $875.00 target price on shares of Meta Platforms in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Meta Platforms from $750.00 to $820.00 and gave the company a “buy” rating in a report on Friday, September 25th. Guggenheim reissued a “buy” rating and set a $850.00 price target on shares of Meta Platforms in a research report on Thursday, October 22nd. Finally, Mizuho boosted their price target on shares of Meta Platforms from $750.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Three 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 MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $833.12.
Get Our Latest Stock Report on Meta Platforms
Meta Platforms Price Performance
Shares of NASDAQ:META opened at $610.15 on Monday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $779.82. The company has a market capitalization of $1.56 trillion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28. The business has a fifty day moving average price of $674.97 and a two-hundred day moving average price of $632.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90.
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, beating 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 firm had revenue of $64.60 billion for the quarter, compared to analysts’ expectations of $63.34 billion. During the same period in the previous year, the company earned $7.25 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Analysts forecast that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were paid a $0.5250 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 7.16%.
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
Insider Activity
In related news, CAO Aaron Anderson sold 3,240 shares of Meta Platforms stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 6,271 shares of the company’s stock, valued at approximately $3,875,854.26. This trade represents a 34.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher K. Cox sold 40,000 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $712.76, for a total value of $28,510,400.00. Following the completion of 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 ownership of the stock. 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 149,398 shares of company stock worth $102,134,435. 13.42% of the stock is owned by company insiders.
Meta Platforms Company Profile
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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