Meta Platforms, Inc. $META Shares Acquired by Third View Private Wealth LLC

Key Points

• Third View Private Wealth increased its Meta stake by 3.1% in the third quarter, adding 1,456 shares to reach 48,140 shares valued at about $34.91 million. Meta is 4.1% of the fund’s portfolio and its third-largest holding.
• Meta reported quarterly EPS of $7.40, beating estimates of $6.54, while revenue of $64.6 billion exceeded forecasts and rose 26.1% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $833.12. Separately, COO Javier Olivan sold 946 shares under a pre-arranged trading plan.

Third View Private Wealth LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,140 shares of the social networking company's stock after buying an additional 1,456 shares during the quarter. Meta Platforms comprises about 4.1% of Third View Private Wealth LLC's portfolio, making the stock its 3rd biggest holding. Third View Private Wealth LLC's holdings in Meta Platforms were worth $34,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Corient Private Wealth LP lifted its holdings in shares of Meta Platforms by 723.1% in the 2nd quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company's stock worth $4,957,946,000 after acquiring an additional 7,732,446 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of Meta Platforms during the 2nd quarter worth approximately $2,948,486,000. State Street Corp boosted its position in shares of Meta Platforms by 4.0% during 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 purchasing an additional 3,510,123 shares during the period. Bank of America Corp DE increased its holdings in 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 valued at $12,036,491,000 after purchasing an additional 2,673,494 shares during the last quarter. Finally, Amundi increased its holdings in Meta Platforms by 18.1% in the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company's stock valued at $6,784,873,000 after purchasing an additional 1,815,017 shares during 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 that occurred on Monday, November 2nd. The shares were sold at an average price of $614.15, for a total value of $580,985.90. Following the sale, the chief operating officer owned 4,094 shares of the company's stock, valued at $2,514,330.10. This trade represents a 18.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 149,398 shares of company stock worth $102,134,435 in the last 90 days. 13.42% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $610.15 on Monday. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82. The stock's fifty day simple moving average is $674.97 and its 200-day simple moving average is $632.16. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30. The firm 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.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.54 by $0.86. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The firm had revenue of $64.60 billion during the quarter, compared to analyst estimates of $63.34 billion. During the same period last year, the business posted $7.25 earnings per share. Meta Platforms's revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts expect that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors 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 dividend 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

A number of analysts have issued reports on META shares. Wedbush boosted their target price on Meta Platforms from $700.00 to $730.00 and gave the company a "neutral" rating in a research report on Thursday, October 22nd. Guggenheim reaffirmed a "buy" rating and issued a $850.00 price objective on shares of Meta Platforms in a research note on Thursday, October 22nd. Morgan Stanley boosted their price objective on Meta Platforms from $775.00 to $820.00 and gave the company an "overweight" rating in a report on Monday, October 19th. Piper Sandler decreased their target price on Meta Platforms from $875.00 to $850.00 and set an "overweight" rating on the stock in a research note on Thursday, October 22nd. Finally, Evercore restated an "outperform" rating on shares of Meta Platforms in a report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average price target of $833.12.

Key Stories Impacting Meta Platforms

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 Profile

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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