2,251 Meta Platforms, Inc. $META Shares Sold by Moss Adams Wealth Advisors LLC

Key Points

• Moss Adams Wealth Advisors cut its Meta stake by 20.3%, selling 2,251 shares in the third quarter and retaining 8,838 shares worth about $6.4 million.
• Meta beat quarterly expectations, reporting earnings of $7.40 per share versus $6.54 expected and revenue of $64.6 billion, up 26.1% year over year.
• COO Javier Olivan sold 946 shares under a prearranged trading plan; Meta insiders sold about $103.2 million in shares over the past 90 days.

Moss Adams Wealth Advisors LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,838 shares of the social networking company's stock after selling 2,251 shares during the period. Meta Platforms comprises about 0.4% of Moss Adams Wealth Advisors LLC's investment portfolio, making the stock its 22nd largest holding. Moss Adams Wealth Advisors LLC's holdings in Meta Platforms were worth $6,408,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of META. Global Assets Advisory LLC boosted its holdings in shares of Meta Platforms by 7.4% in the third quarter. Global Assets Advisory LLC now owns 7,596 shares of the social networking company's stock valued at $5,636,000 after buying an additional 522 shares during the period. Summit Global Investments boosted its position in Meta Platforms by 24.2% during the 3rd quarter. Summit Global Investments now owns 24,002 shares of the social networking company's stock worth $17,406,000 after acquiring an additional 4,675 shares during the last quarter. Opinicus Capital Inc. lifted its position in shares of Meta Platforms by 1.1% in the third quarter. Opinicus Capital Inc. now owns 3,317 shares of the social networking company's stock worth $2,405,000 after purchasing an additional 37 shares in the last quarter. Invera Wealth Advisors LLC boosted its holdings in Meta Platforms by 1.3% during the third quarter. Invera Wealth Advisors LLC now owns 2,376 shares of the social networking company's stock worth $1,723,000 after purchasing an additional 31 shares during the last quarter. Finally, Marin Bay Wealth Advisors LLC increased its stake in Meta Platforms by 1.2% in the 3rd quarter. Marin Bay Wealth Advisors LLC now owns 4,781 shares of the social networking company's stock valued at $3,468,000 after buying an additional 58 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $614.15, for a total value of $580,985.90. Following the completion of the transaction, the chief operating officer directly owned 4,094 shares in the company, valued at approximately $2,514,330.10. This represents a 18.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,090 shares of company stock worth $103,150,807. 13.53% of the stock is owned by company insiders.

Meta Platforms Trading Down 4.0%

Shares of META opened at $605.08 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. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $779.82. The firm has a market cap of $1.55 trillion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.09 and a beta of 1.28. The business's fifty day moving average is $674.18 and its 200-day moving average is $632.13.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Thursday, October 22nd. The social networking company reported $7.40 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 firm had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. During the same quarter in the previous year, the firm earned $7.25 earnings per share. The business's quarterly revenue was up 26.1% on a year-over-year basis. Equities analysts anticipate that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms's dividend payout ratio (DPR) is 7.16%.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta made its Muse Voice AI available to U.S. users, including voice and video conversations with its consumer AI agent. Wider access could help the company build engagement with its AI products. Meta says US users can now video chat with their Muse AI avatar
• Positive Sentiment: Meta acquired Conductor, a startup that uses multiple AI agents to help build software projects, adding technology and talent to its AI development efforts. Meta acquires AI coding startup Conductor
• Neutral Sentiment: Meta completed a $15 billion senior-notes offering. Strong investor demand supports its ability to raise funds, but the borrowing adds to scrutiny of the cost of financing its AI expansion. Meta Platforms Completes $15 Billion Senior Notes Offering
• Negative Sentiment: Meta, Google and TikTok sued California’s attorney general to block a law restricting features considered addictive for users under 16. The legal challenge highlights continuing regulatory and litigation exposure around youth safety. Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Meta’s president warned that political and community opposition over data-center power and water use could make new facilities harder to build. That could complicate the infrastructure buildout needed to support AI growth. Meta warns election backlash against data centers could make AI expansion harder
• Negative Sentiment: Coverage of Meta’s debut euro bond sale pointed to borrowing costs above Alphabet’s, adding to investor concern about the expense of funding the company’s large AI spending plans. Meta Paid 1.4 Times What Alphabet Did to Borrow in Euros
• Negative Sentiment: Delhi Police filed a case concerning child sexual abuse material on Meta’s platforms after intervention by India’s child-rights authorities, creating potential reputational and legal risk. Child Abuse Material On Meta Platforms Flagged, Delhi Police Files FIR After NHRC Intervention

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial boosted their price target on Meta Platforms from $763.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Tuesday, October 13th. Benchmark reiterated a "hold" rating on shares of Meta Platforms in a research note on Thursday, August 27th. Sanford C. Bernstein reissued an "outperform" rating and set a $800.00 target price (down from $850.00) on shares of Meta Platforms in a report on Thursday, July 30th. Phillip Securities upgraded shares of Meta Platforms from a "buy" rating to a "strong-buy" rating and decreased their price objective for the company from $795.00 to $750.00 in a report on Monday, August 3rd. Finally, Pivotal Research lifted their target price on shares of Meta Platforms from $930.00 to $960.00 and gave the stock a "buy" 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, the company presently has an average rating of "Moderate Buy" and an average target price of $833.12.

Meta Platforms 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.

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