Fishman Jay A Ltd. MI Sells 2,950 Shares of Meta Platforms, Inc. $META

Key Points

• Fishman Jay A Ltd. MI reduced its Meta Platforms stake by 3.2% in the third quarter, selling 2,950 shares but retaining 90,031 shares valued at approximately $65.3 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Meta reported quarterly EPS of $7.40, exceeding estimates of $6.54, while revenue reached $64.6 billion, up 26.1% year over year. The company also declared a quarterly dividend of $0.525 per share.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $833.12, despite recent insider selling totaling $102.2 million over 90 days.

Fishman Jay A Ltd. MI lessened its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,031 shares of the social networking company's stock after selling 2,950 shares during the quarter. Meta Platforms makes up about 5.3% of Fishman Jay A Ltd. MI's investment portfolio, making the stock its 6th largest position. Fishman Jay A Ltd. MI's holdings in Meta Platforms were worth $65,289,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LP lifted its position 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 purchasing 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 about $2,948,486,000. State Street Corp increased its holdings 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 acquiring an additional 3,510,123 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Meta Platforms by 14.6% during the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company's stock valued at $12,036,491,000 after acquiring an additional 2,673,494 shares during the last quarter. Finally, Amundi lifted its stake 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 worth $6,784,873,000 after buying an additional 1,815,017 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of the firm's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $640.00, for a total transaction of $605,440.00. Following the completion of the transaction, the chief operating officer owned 5,040 shares of the company's stock, valued at $3,225,600. This trade represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 149,515 shares of company stock valued at $102,183,520 in the last ninety days. Corporate insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $614.99 on Monday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $779.82. The firm's 50-day simple moving average is $670.03 and its 200-day simple moving average is $632.26. 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 firm has a market cap of $1.57 trillion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.07 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its 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 firm had revenue of $64.60 billion for the quarter, compared to analysts' expectations of $63.34 billion. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. Meta Platforms's revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the company posted $7.25 earnings per share. Equities analysts forecast that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Erste Group Bank upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Pivotal Research upped their price objective on shares of Meta Platforms from $930.00 to $960.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. New Street Research cut their price target on shares of Meta Platforms from $730.00 to $700.00 and set a "buy" rating for the company in a report on Friday, July 31st. Morgan Stanley boosted their price objective on shares of Meta Platforms from $775.00 to $820.00 and gave the stock an "overweight" rating in a research report on Monday, October 19th. Finally, Loop Capital lifted their target price on shares of Meta Platforms from $740.00 to $955.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $833.12.

Trending Headlines about Meta Platforms

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

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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