Meta Platforms, Inc. $META Shares Newly Bought by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC initiated a Meta position in the third quarter, buying 12,586 shares valued at about $9.1 million; the holding represents 4.5% of its portfolio.
• Meta reported quarterly EPS of $7.40 and revenue of $64.6 billion, beating analyst estimates; revenue rose 26.1% year over year.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $833.12.

Kingstone Capital Partners Texas LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,586 shares of the social networking company's stock, valued at approximately $9,127,000. Meta Platforms accounts for 4.5% of Kingstone Capital Partners Texas LLC's investment portfolio, making the stock its 7th biggest position.

Other large investors have also recently modified their holdings 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 acquiring an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC bought a new position in Meta Platforms in the 2nd quarter valued at $2,948,486,000. State Street Corp grew 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 valued at $51,841,811,000 after purchasing an additional 3,510,123 shares in the last quarter. Bank of America Corp DE grew its position in shares of Meta Platforms by 14.6% during 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 in the last quarter. Finally, Amundi grew its position in shares of Meta Platforms by 18.1% during 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 in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on META. Guggenheim reiterated a "buy" rating and issued a $850.00 price objective on shares of Meta Platforms in a research report on Thursday, October 22nd. Rosenblatt Securities reissued a "buy" rating and set a $886.00 price objective on shares of Meta Platforms in a research note on Tuesday, October 20th. UBS Group restated an "outperform" rating and set a $920.00 target price on shares of Meta Platforms in a research report on Thursday, October 22nd. Cantor Fitzgerald upped their target price on Meta Platforms from $840.00 to $860.00 and gave the stock an "overweight" rating in a research note on Thursday, October 22nd. Finally, Pivotal Research upped their target price on Meta Platforms from $930.00 to $960.00 and gave the stock a "buy" rating in a research note on Thursday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $833.12.

Meta Platforms Trading Down 2.0%

Shares of META stock opened at $628.77 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $678.62 and a two-hundred day moving average price of $632.12. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $779.82. The firm has a market cap of $1.61 trillion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The company's revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the business earned $7.25 EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $614.15, for a total value of $580,985.90. Following the completion of the sale, the chief operating officer owned 4,094 shares of the company's stock, valued at $2,514,330.10. This represents a 18.77% decrease in their ownership of the stock. The sale was disclosed in a filing 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. Insiders sold a total of 149,398 shares of company stock valued at $102,134,435 over the last ninety days. 13.42% of the stock is owned by corporate insiders.

Meta Platforms News Roundup

These are some of the META news items that stood out recently:

• Positive Sentiment: JPMorgan named Meta its preferred internet stock, citing AI’s contribution to advertising performance and potential growth in Family of Apps ad revenue. Article: Meta Platforms Wins JPMorgan Backing
• Positive Sentiment: Meta launched its Muse AI agent on Apple Watch and Wear OS, adding voice and text access that could broaden use of its assistant. Article: Meta's AI agent Muse lands on Apple Watch
• Neutral Sentiment: Infrastructure chief Santosh Janardhan is set to leave in early 2027, with former AWS executive David Brown slated to succeed him and lead infrastructure work tied to Meta’s AI computing initiative. The planned succession may support continuity, though the leadership change comes during a major infrastructure buildout. Article: Meta head of infrastructure will leave and be succeeded by former AWS cloud exec

Meta Platforms Company 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.

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