3,785 Meta Platforms, Inc. $META Shares Sold by TTP Investments Inc.

Key Points

• TTP Investments cut its Meta stake by 25.4% in the third quarter, selling 3,785 shares. It retained 11,130 shares, valued at about $8.1 million at period-end.
• Meta’s latest quarterly results exceeded expectations: earnings were $7.40 per share and revenue reached $64.6 billion, up 26.1% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $833.12.
• Meta’s AI expansion presents both opportunities and risks: AI is supporting advertising and new consumer products, while data-center constraints, financing needs, and regulatory challenges could complicate its plans.

TTP Investments Inc. decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 holdings, making the stock its 7th largest holding. TTP Investments Inc.'s holdings in Meta Platforms were worth $8,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in META. Richwood Investment Advisors LLC bought a new position in Meta Platforms in the 3rd quarter valued at approximately $217,000. Integrity Advisory Solutions LLC grew its stake in shares of Meta Platforms by 13.1% during the third quarter. Integrity Advisory Solutions LLC now owns 2,326 shares of the social networking company's stock worth $1,687,000 after buying an additional 270 shares during the last quarter. Reston Wealth Management LLC increased its holdings in shares of Meta Platforms by 11.4% during the third quarter. Reston Wealth Management LLC now owns 605 shares of the social networking company's stock worth $439,000 after buying an additional 62 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Meta Platforms by 0.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 271,120 shares of the social networking company's stock worth $196,611,000 after buying an additional 1,081 shares in the last quarter. Finally, Summa Corp. increased its holdings in shares of Meta Platforms by 53.9% during the third quarter. Summa Corp. now owns 1,628 shares of the social networking company's stock worth $1,181,000 after buying an additional 570 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $614.15, for a total transaction of $580,985.90. Following the transaction, the chief operating officer directly owned 4,094 shares of the company's stock, valued at approximately $2,514,330.10. This represents a 18.77% decrease in their position. The transaction was disclosed in a 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. In the last three months, insiders sold 149,398 shares of company stock valued at $102,134,435. Company insiders own 13.42% of the company's stock.

Meta Platforms News Roundup

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 Stock Performance

NASDAQ META opened at $610.15 on Monday. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 20.80, a P/E/G ratio of 1.06 and a beta of 1.28. The business has a 50 day simple moving average of $674.97 and a 200 day simple moving average 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, Inc. has a one year low of $520.26 and a one year high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, topping 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 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 company posted $7.25 earnings per share. The business's quarterly revenue was up 26.1% on a year-over-year basis. Research analysts expect 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. Stockholders 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 dividend payout ratio (DPR) is currently 7.16%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Meta Platforms from $770.00 to $800.00 and gave the company an "outperform" rating in a report on Thursday, October 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $886.00 target price on shares of Meta Platforms in a report on Tuesday, October 20th. Cantor Fitzgerald upped their target price on Meta Platforms from $840.00 to $860.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Arete Research increased their target price on Meta Platforms from $735.00 to $806.00 and gave the company a "buy" rating in a research report on Wednesday, September 16th. Finally, Morgan Stanley lifted their price target on Meta Platforms from $775.00 to $820.00 and gave the company an "overweight" rating in a research note on Monday, October 19th. Three equities research 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $833.12.

About Meta Platforms

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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