180 Wealth Advisors LLC Purchases 1,829 Shares of Meta Platforms, Inc. $META

Key Points

• 180 Wealth Advisors increased its Meta stake by 10.6% in the third quarter, buying 1,829 shares to hold 19,068 shares valued at about $13.8 million.
• Other large institutional investors also added Meta shares; institutions collectively own about 79.9% of the company.
• Meta beat quarterly earnings and revenue estimates, with revenue up 26.1% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $833.12.

180 Wealth Advisors LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,068 shares of the social networking company's stock after buying an additional 1,829 shares during the quarter. Meta Platforms makes up about 1.3% of 180 Wealth Advisors LLC's portfolio, making the stock its 12th biggest position. 180 Wealth Advisors LLC's holdings in Meta Platforms were worth $13,828,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of META. State Street Corp increased its stake 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 worth $51,841,811,000 after purchasing an additional 3,510,123 shares during the last quarter. Bank of America Corp DE lifted its stake 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 purchasing an additional 2,673,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Meta Platforms by 1.3% in 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 valued at $7,230,426,000 after purchasing an additional 162,909 shares during the last quarter. Amundi lifted its stake 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 purchasing an additional 1,815,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Meta Platforms by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company's stock worth $5,964,745,000 after purchasing an additional 404,948 shares during the period. Institutional investors own 79.91% of the company's stock.

Key Headlines Impacting Meta Platforms

Investors following META have been watching these headlines:

• Positive Sentiment: ETFs bought about $99.7 million of Meta shares on Nov. 10, a sign of institutional fund demand. ETFs Bought $99.7 Million of Meta Platforms
• Neutral Sentiment: Infrastructure chief Santosh Janardhan plans to leave in early 2027, with former AWS executive David Brown set to take over. The handoff is planned, though the leadership change comes as Meta expands its AI computing infrastructure. Meta Head of Infrastructure Will Leave
• Negative Sentiment: United Airlines barred AI agents from booking flights, raising doubts about a prominent potential use case for Meta’s Muse agent and adding pressure to expectations for AI-related growth. United Airlines Bars AI Agents From Booking Tickets

Meta Platforms Price Performance

Meta Platforms stock opened at $623.61 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82. The stock's 50 day moving average is $679.23 and its 200-day moving average is $631.88. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.09 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share 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 during the quarter, compared to analysts' expectations of $63.34 billion. During the same period last year, the firm posted $7.25 EPS. The firm's revenue for the quarter was up 26.1% compared to the same quarter last year. Equities research analysts expect that Meta Platforms, Inc. will post 29.01 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were issued 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 dividend payout ratio (DPR) is currently 7.16%.

Insider Activity at Meta Platforms

In related news, insider Christopher K. Cox sold 40,000 shares of the 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 of the company's stock, valued at $131,515,624.16. This represents a 17.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of the 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 directly owned 6,271 shares in the company, valued at $3,875,854.26. This represents a 34.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 150,973 shares of company stock valued at $103,128,307. 13.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on META shares. Evercore reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, October 22nd. Scotiabank raised their price objective on Meta Platforms from $600.00 to $650.00 and gave the company a "sector perform" rating in a research report on Thursday, October 22nd. Roth Capital cut their price objective on Meta Platforms from $820.00 to $750.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. BNP Paribas Exane reduced their target price on Meta Platforms from $955.00 to $855.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Finally, Yorkville Ives assumed coverage on Meta Platforms in a report on Tuesday, October 6th. They set an "outperform" rating and a $900.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $833.12.

Meta Platforms 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.