859 Meta Platforms, Inc. $META Shares Purchased by Investment Partners LTD.

Key Points

• Investment Partners LTD. increased its Meta stake by 145.3% in the third quarter, adding 859 shares to bring its holding to 1,450 shares, valued at $1.051 million.
• Institutional investors and hedge funds own 79.91% of Meta’s shares, with several other firms also reporting modest increases in their holdings.
• Meta reported quarterly earnings of $7.40 per share, beating the $6.54 consensus estimate, while revenue of $64.60 billion exceeded forecasts and rose 26.1% year over year.

Investment Partners LTD. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 145.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,450 shares of the social networking company's stock after buying an additional 859 shares during the period. Investment Partners LTD.'s holdings in Meta Platforms were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of META. Bill Few Associates Inc. raised its stake in shares of Meta Platforms by 1.3% in the 3rd quarter. Bill Few Associates Inc. now owns 1,206 shares of the social networking company's stock valued at $874,000 after acquiring an additional 15 shares during the period. Value Partners Investments Inc. lifted its holdings in shares of Meta Platforms by 1.8% during the 3rd quarter. Value Partners Investments Inc. now owns 866 shares of the social networking company's stock valued at $630,000 after acquiring an additional 15 shares in the last quarter. CWS Financial Advisors LLC boosted its position in Meta Platforms by 1.7% during the 1st quarter. CWS Financial Advisors LLC now owns 985 shares of the social networking company's stock worth $564,000 after purchasing an additional 16 shares during the period. Tenzing Financial LLC boosted its position in Meta Platforms by 1.3% during the 2nd quarter. Tenzing Financial LLC now owns 1,210 shares of the social networking company's stock worth $726,000 after purchasing an additional 16 shares during the period. Finally, Uptown Financial Advisors LLC boosted its position in Meta Platforms by 1.3% during the 2nd quarter. Uptown Financial Advisors LLC now owns 1,273 shares of the social networking company's stock worth $717,000 after purchasing an additional 16 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META stock opened at $605.08 on Friday. 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 company's fifty day moving average price is $674.18 and its two-hundred day moving average price is $632.13. The firm has a market capitalization of $1.55 trillion, a P/E ratio of 20.63, a P/E/G ratio of 1.09 and a beta of 1.28. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month 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 company had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. During the same period last year, the firm earned $7.25 earnings per share. The company's revenue was up 26.1% on a year-over-year basis. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were paid a dividend of $0.5250 per share. 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%.

Meta Platforms News Roundup

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

META has been the topic of several research reports. 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 research report on Thursday, October 22nd. CICC Research decreased their target price on Meta Platforms from $773.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Wells Fargo & Company lowered their target price on Meta Platforms from $1,000.00 to $995.00 and set an "overweight" rating for the company in a research note on Thursday, October 22nd. Pivotal Research raised their target price on Meta Platforms from $930.00 to $960.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. Finally, Canaccord Genuity Group boosted their price target on Meta Platforms from $930.00 to $950.00 and gave the stock a "buy" rating in a research report on Friday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $833.12.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 946 shares of Meta Platforms 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 sale, the chief operating officer directly owned 4,094 shares in the company, valued at $2,514,330.10. The trade was a 18.77% decrease in their position. The transaction was disclosed in a document filed 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. In the last ninety days, insiders sold 151,090 shares of company stock worth $103,150,807. 13.53% of the stock is owned by company insiders.

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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