Meta Platforms, Inc. $META Shares Newly Acquired by TSG Advice Partners LLC

Key Points

• TSG Advice Partners LLC initiated a Meta stake in the third quarter, buying 5,289 shares worth about $3.84 million; the position represents roughly 0.5% of its portfolio.
• Analysts remain broadly positive: Meta has a “Moderate Buy” consensus rating and an average price target of $833.12, with several firms recently raising targets.
• Meta beat quarterly expectations, reporting $7.40 in EPS and $64.6 billion in revenue, up 26.1% year over year. COO Javier Olivan also sold 946 shares under a pre-arranged trading plan.

TSG Advice Partners LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,289 shares of the social networking company's stock, valued at approximately $3,835,000. Meta Platforms comprises approximately 0.5% of TSG Advice Partners LLC's holdings, making the stock its 28th largest holding.

Several other hedge funds have also made changes to their positions in the business. Horizons Wealth Management purchased a new stake in Meta Platforms during the 3rd quarter valued at approximately $33,000. Advantage Trust Co acquired a new stake in Meta Platforms during the 2nd quarter worth approximately $28,000. Philadelphia Investment Partners LLC purchased a new position in shares of Meta Platforms in the 2nd quarter valued at approximately $32,000. Axiom Investment Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at approximately $36,000. Finally, Schuylkill Financial LLC purchased a new position in shares of Meta Platforms in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on META. Weiss Ratings raised Meta Platforms from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Guggenheim reaffirmed a "buy" rating and set a $850.00 price target on shares of Meta Platforms in a report on Thursday, October 22nd. Bank of America lifted their price objective on shares of Meta Platforms from $810.00 to $845.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Cantor Fitzgerald boosted their price objective on shares of Meta Platforms from $840.00 to $860.00 and gave the company an "overweight" rating in a research note on Thursday, October 22nd. Finally, Raymond James Financial upped their price objective on shares of Meta Platforms from $650.00 to $860.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 24th. 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. According to MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $833.12.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 946 shares of the company's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $614.15, for a total transaction of $580,985.90. Following the transaction, the chief operating officer directly owned 4,094 shares of the company's stock, valued at $2,514,330.10. This represents a 18.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,090 shares of company stock worth $103,150,807. 13.53% of the stock is currently owned by insiders.

Trending Headlines about 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 Stock Performance

Shares of META stock opened at $610.15 on Friday. The company has a market cap of $1.56 trillion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28. The stock has a 50 day simple moving average of $674.97 and a 200-day simple moving average of $632.16. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $779.82. 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 EPS 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 period last year, the firm earned $7.25 EPS. The company's quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities analysts forecast that Meta Platforms, Inc. will post 29.01 EPS for the current 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 $0.5250 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.16%.

About Meta Platforms

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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