3,872 Shares in Meta Platforms, Inc. $META Bought by Leo Wealth LLC

Key Points

• Leo Wealth LLC acquired 3,872 Meta shares worth approximately $2.8 million during the third quarter. Hedge funds and other institutional investors collectively own 79.91% of Meta’s stock.
• Meta reported quarterly earnings of $7.40 per share and revenue of $64.6 billion, exceeding analyst estimates; revenue increased 26.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average target price of $833.12.
• Recent developments include a settlement of a teen-related Instagram and Facebook lawsuit and an expanded partnership with AMD involving a $1 billion investment to support Meta’s AI data centers, while company insiders have sold $102.5 million of stock over the past 90 days.

Leo Wealth LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,872 shares of the social networking company's stock, valued at approximately $2,808,000.

Other hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LP grew its holdings in shares of 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 buying an additional 7,732,446 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Meta Platforms during the 2nd quarter worth $2,948,486,000. State Street Corp grew its position in Meta Platforms by 4.0% during the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company's stock worth $51,841,811,000 after buying an additional 3,510,123 shares during the period. Bank of America Corp DE grew its holdings in shares of 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 worth $12,036,491,000 after acquiring an additional 2,673,494 shares during the period. Finally, Amundi increased its position in shares of Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company's stock valued at $6,784,873,000 after buying an additional 1,815,017 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Meta Platforms News

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

• Positive Sentiment: Meta settled a teen lawsuit alleging that Instagram and Facebook contributed to addiction, depression and eating disorders. Financial terms were not disclosed, but the agreement removes Meta from an upcoming Los Angeles trial and reduces near-term litigation uncertainty. Reuters settlement report
• Positive Sentiment: Meta’s advertising fundamentals remain strong: recent coverage cited higher ad pricing, rising impressions, improved AI-driven ad conversions and strong engagement. Analysts also see meaningful upside, with one fair-value estimate raised from $813.65 to $848.38 per share. Meta fair value report
• Positive Sentiment: Meta expanded its relationship with Advanced Micro Devices, including a $1 billion equity investment and multi-generation chip co-design for Meta’s AI data centers. The deal may improve access to computing capacity and supplier diversification. AMD and Meta partnership report

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 7,848 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the transaction, the chief technology officer owned 828 shares of the company's stock, valued at approximately $462,024. This trade represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the transaction, the chief accounting officer 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. Insiders have sold 150,015 shares of company stock worth $102,464,300 over the last ninety days. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Down 1.5%

NASDAQ:META opened at $614.99 on Friday. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 1.90. The business has a fifty day moving average of $670.03 and a 200-day moving average of $632.26. 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 announced its earnings results 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. 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 quarter last year, the business posted $7.25 earnings per share. The company's quarterly revenue was up 26.1% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Monday, September 21st were issued a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is currently 7.16%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on META. Sanford C. Bernstein reissued an "outperform" rating and issued a $800.00 target price (down from $850.00) on shares of Meta Platforms in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Meta Platforms from $750.00 to $820.00 and gave the company a "buy" rating in a report on Friday, September 25th. DA Davidson increased 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. The Goldman Sachs Group reiterated a "buy" rating and set a $885.00 target price on shares of Meta Platforms in a report on Thursday, October 22nd. Finally, KeyCorp boosted their price objective on shares of Meta Platforms from $900.00 to $905.00 and gave the stock an "overweight" 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $833.12.

About Meta Platforms

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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