Evergreen Capital Management LLC Sells 1,695 Shares of Meta Platforms, Inc. $META

Key Points

• Evergreen Capital Management reduced its Meta stake by 3.9%, selling 1,695 shares during the third quarter and retaining 42,002 shares valued at approximately $30.5 million.
• Other institutional investors increased their positions, and institutions collectively own 79.91% of Meta’s outstanding shares.
• Meta exceeded quarterly earnings and revenue expectations, while analysts maintained a “Moderate Buy” consensus with an average price target of $833.12 versus a recent share price near $624.52.

Evergreen Capital Management LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,002 shares of the social networking company's stock after selling 1,695 shares during the period. Evergreen Capital Management LLC's holdings in Meta Platforms were worth $30,459,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fairtree Asset Management Pty Ltd lifted its stake in shares of Meta Platforms by 18.6% during the 2nd quarter. Fairtree Asset Management Pty Ltd now owns 18,777 shares of the social networking company's stock worth $10,577,000 after acquiring an additional 2,939 shares during the last quarter. Madison Wealth Partners Inc boosted its holdings in Meta Platforms by 33.6% during the 2nd quarter. Madison Wealth Partners Inc now owns 3,031 shares of the social networking company's stock valued at $1,707,000 after acquiring an additional 763 shares during the period. William John Sempolinski bought a new position in Meta Platforms in the 2nd quarter valued at $3,107,000. Sone Capital Management LLC grew its position in Meta Platforms by 38.2% in the 2nd quarter. Sone Capital Management LLC now owns 16,059 shares of the social networking company's stock valued at $9,046,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Lakewood Capital Management LP grew its position in Meta Platforms by 63.7% in the 2nd quarter. Lakewood Capital Management LP now owns 115,985 shares of the social networking company's stock valued at $65,333,000 after acquiring an additional 45,130 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

More Meta Platforms News

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

• Positive Sentiment: AMD partnership strengthens AI infrastructure: Advanced Micro Devices plans to invest $1 billion in Meta’s stock while collaborating on multi-generation Instinct processors, CPUs and gigawatt-scale data-center deployments. The agreement could diversify Meta’s chip supply and improve computing efficiency. Advanced Micro Devices' Meta Platforms Partnership Goes Beyond a $1 Billion Investment
• Positive Sentiment: Advertising engine remains a key support: Recent analysis highlighted rising ad prices, stronger impressions and AI-driven improvements to ad conversions and Reels engagement. Analysts remain optimistic that Meta’s AI tools, including Muse, can support long-term revenue and earnings growth. Meta's Pullback Just Changed the AI Risk/Reward
• Positive Sentiment: Analyst support and AI upside: Daiwa Securities raised its Meta price target to $779 from $687, while other commentary characterized the recent pullback as an attractive entry point and cited potential gains from AI-powered commerce and advertising. Daiwa Securities Adjusts Price Target on Meta Platforms to $779
• Neutral Sentiment: New consumer AI products broaden Meta’s options: Meta launched Style Sketch, an AI fashion app that creates outfit ideas from users’ clothing, following the launch of the AI pet app Waddle World. These experiments could increase engagement, but their revenue potential remains unproven. Meta quietly launches an AI fashion app called Style Sketch
• Negative Sentiment: AI financing raises dilution and cash-flow concerns: Meta’s roughly $95 billion capital-raising plan, including common and convertible preferred shares, provides funding for AI infrastructure but increases shareholder dilution. Quarterly capital expenditures also pushed free cash flow negative, potentially limiting buybacks and dividends. Meta Just Priced a Stock Sale at $625 a Share
• Negative Sentiment: Legal and regulatory pressure continues: Meta delayed new commercial terms for publishers after objections and faces a major U.S. trial over alleged social-media harms to young users. These matters could create additional costs and reputational risk. Meta delays indefinitely its rollout of new commercial terms
• Negative Sentiment: Muse execution remains uncertain: Meta removed an Instagram ad promoting Muse’s ability to identify unfollowers, underscoring product-positioning and user-trust risks as the company expands its AI services. Meta took down its ad touting Muse

Meta Platforms Price Performance

Shares of META stock opened at $624.52 on Friday. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82. The stock has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.06 and a beta of 1.19. The stock has a fifty day simple moving average of $668.65 and a two-hundred day simple moving average of $632.39. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.54 by $0.86. The business had revenue of $64.60 billion for the quarter, compared to the consensus estimate of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The business's revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.25 EPS. On average, analysts predict that Meta Platforms, Inc. will post 28.98 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were issued a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms's dividend payout ratio is presently 7.16%.

Analysts Set New Price Targets

META has been the subject of several research analyst reports. Cantor Fitzgerald lifted their target price on Meta Platforms from $840.00 to $860.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. KeyCorp upped their price target 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. Monness Crespi & Hardt reaffirmed a "buy" rating and issued a $875.00 price target on shares of Meta Platforms in a research note on Thursday, October 22nd. The Goldman Sachs Group reiterated a "buy" rating and set a $885.00 price objective on shares of Meta Platforms in a report on Thursday, October 22nd. Finally, Mizuho boosted their price objective on shares of Meta Platforms from $750.00 to $950.00 and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Three 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $833.12.

Insider Activity at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,848 shares of the firm's stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of the business's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $777.44, for a total transaction of $21,359,386.56. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 150,015 shares of company stock worth $102,464,300 over the last quarter. Corporate insiders own 13.53% of the company's stock.

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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