2,660 Shares of Meta Platforms, Inc. $META Bought by First Nebraska Trust Co

Key Points

• First Nebraska Trust Co. bought 2,660 Meta shares in the third quarter, valued at about $1.93 million. Institutional investors and hedge funds collectively own 79.91% of the stock.
• Meta beat quarterly estimates, reporting $7.40 in earnings per share and $64.6 billion in revenue; revenue rose 26.1% year over year.
• Insiders sold 149,398 shares worth about $102.1 million over the quarter. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $833.12.

First Nebraska Trust Co purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,660 shares of the social networking company's stock, valued at approximately $1,929,000.

Several other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LP boosted its position in Meta Platforms by 723.1% during the second quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company's stock worth $4,957,946,000 after acquiring an additional 7,732,446 shares during the last quarter. Jupiter Topco LLC purchased a new position in Meta Platforms in the 2nd quarter worth approximately $2,948,486,000. State Street Corp lifted its stake in Meta Platforms by 4.0% in 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 in the last quarter. Bank of America Corp DE boosted its holdings in shares of Meta Platforms by 14.6% during the 1st quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company's stock worth $12,036,491,000 after purchasing an additional 2,673,494 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Meta Platforms by 18.1% during the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company's stock worth $6,784,873,000 after purchasing an additional 1,815,017 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Aaron Anderson sold 3,240 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the sale, the chief accounting officer owned 6,271 shares of the company's stock, valued at approximately $3,875,854.26. This represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan Li sold 9,196 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the sale, the chief financial officer owned 13,186 shares in the company, valued at approximately $7,260,343.46. The trade was a 41.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 149,398 shares of company stock valued at $102,134,435. Corporate insiders own 13.42% of the company's stock.

Key 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

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $610.15 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90. The firm 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 firm's 50-day moving average is $674.97 and its two-hundred day moving average is $632.16. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating the consensus estimate of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The business had revenue of $64.60 billion during the quarter, compared to analyst estimates of $63.34 billion. During the same quarter last year, the firm posted $7.25 earnings per share. The business's revenue for the quarter was up 26.1% compared to the same quarter last year. Analysts predict that Meta Platforms, Inc. will post 29.01 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared 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 7.16%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. KeyCorp raised their target price on Meta Platforms from $900.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, October 22nd. Piper Sandler lowered their price target on shares of Meta Platforms from $875.00 to $850.00 and set an "overweight" rating on the stock in a research report on Thursday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Meta Platforms from $920.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, October 22nd. DA Davidson raised their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Finally, CICC Research reduced their target price on shares of Meta Platforms from $773.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $833.12.

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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