Chicago Partners Investment Group LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,176 shares of the social networking company's stock after buying an additional 1,441 shares during the period. Chicago Partners Investment Group LLC's holdings in Meta Platforms were worth $25,818,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Bill Few Associates Inc. raised its stake in Meta Platforms by 1.3% in the third quarter. Bill Few Associates Inc. now owns 1,206 shares of the social networking company's stock valued at $874,000 after buying an additional 15 shares in the last quarter. Value Partners Investments Inc. boosted its position in shares of Meta Platforms by 1.8% during the 3rd quarter. Value Partners Investments Inc. now owns 866 shares of the social networking company's stock worth $630,000 after acquiring an additional 15 shares in the last quarter. Tenzing Financial LLC boosted its position in shares of Meta Platforms by 1.3% during the 2nd quarter. Tenzing Financial LLC now owns 1,210 shares of the social networking company's stock worth $726,000 after acquiring an additional 16 shares in the last quarter. Uptown Financial Advisors LLC increased its holdings in shares of Meta Platforms by 1.3% in the 2nd quarter. Uptown Financial Advisors LLC now owns 1,273 shares of the social networking company's stock valued at $717,000 after acquiring an additional 16 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its holdings in shares of Meta Platforms by 2.8% in the 2nd quarter. Sheets Smith Wealth Management now owns 594 shares of the social networking company's stock valued at $334,000 after acquiring an additional 16 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, COO Javier Olivan sold 946 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $614.15, for a total transaction of $580,985.90. Following the completion of the sale, the chief operating officer owned 4,094 shares in the company, valued at $2,514,330.10. This represents a 18.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 149,398 shares of company stock valued at $102,134,435. 13.42% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on META shares. Guggenheim reissued a "buy" rating and set a $850.00 target price on shares of Meta Platforms in a research report on Thursday, October 22nd. KeyCorp increased their price target on shares of Meta Platforms from $900.00 to $905.00 and gave the company an "overweight" rating in a research note on Thursday, October 22nd. Royal Bank Of Canada raised their price objective on shares of Meta Platforms from $770.00 to $800.00 and gave the stock an "outperform" rating in a report on Thursday, October 22nd. Truist Financial boosted their price objective on shares of Meta Platforms from $763.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Tuesday, October 13th. Finally, Scotiabank increased their target price on shares of Meta Platforms from $600.00 to $650.00 and gave the company a "sector perform" rating in a research 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 issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $833.12.
View Our Latest Report on Meta Platforms
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: JPMorgan added Meta to its Analyst Focus List as a preferred internet stock, citing the strength of AI-powered advertising and potential new monetization opportunities. The endorsement helped lift shares. Article: Meta stock surges over 5% today: here's why
- Positive Sentiment: Meta released Muse Ember, a lightweight, cost-efficient AI model built for agent tasks such as coding and document processing. Investors may see it as a step toward expanding AI capabilities efficiently. Article: Meta releases Muse Ember
- Neutral Sentiment: Meta is expanding AI age-estimation technology globally on Instagram to identify teen users and apply Teen Account protections. The rollout could help address safety concerns, but comes amid multiple lawsuits alleging harm to teens. Article: Meta expands Instagram's AI age-guessing tech globally
- Negative Sentiment: Investor concerns remain about the scale of Meta’s AI investment: a recent analysis noted that free cash flow turned negative last quarter. Heavy spending could weigh on returns if AI monetization does not keep pace. Article: Meta Platforms Stock: Is it a Steal of a Deal at $650?
Meta Platforms Price Performance
Shares of NASDAQ META opened at $641.37 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82. The stock has a 50 day moving average of $676.23 and a two-hundred day moving average of $632.30. The stock has a market cap of $1.64 trillion, a P/E ratio of 21.87, a P/E/G ratio of 1.09 and a beta of 1.28.
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 the consensus estimate of $6.54 by $0.86. The business had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The company's revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the company earned $7.25 earnings per share. On average, research analysts forecast that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were given a $0.5250 dividend. The ex-dividend date 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%.
About Meta Platforms
(
Free Report)
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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