Meta Platforms, Inc. $META Stake Decreased by Raleigh Capital Management Inc.

Key Points

• Raleigh Capital Management cut its Meta stake by 17.9% in the third quarter, selling 878 shares; it retained 4,035 shares valued at about $2.93 million.
• Meta reported quarterly earnings of $7.40 per share, beating estimates of $6.54, while revenue rose 26.1% year over year to $64.6 billion.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $833.12. COO Javier Olivan also sold shares under a pre-arranged Rule 10b5-1 plan.

Raleigh Capital Management Inc. reduced its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,035 shares of the social networking company's stock after selling 878 shares during the period. Meta Platforms makes up approximately 0.9% of Raleigh Capital Management Inc.'s holdings, making the stock its 21st largest holding. Raleigh Capital Management Inc.'s holdings in Meta Platforms were worth $2,926,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Horizons Wealth Management acquired a new position in Meta Platforms during the 3rd quarter valued at about $33,000. Advantage Trust Co acquired a new position in Meta Platforms during the 2nd quarter worth approximately $28,000. Philadelphia Investment Partners LLC acquired a new position in Meta Platforms during the second quarter worth $32,000. Axiom Investment Management LLC bought a new position in shares of Meta Platforms in the 1st quarter valued at about $36,000. Finally, Schuylkill Financial LLC bought a new stake in shares of Meta Platforms during the 2nd quarter worth approximately $36,000. 79.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 946 shares of the business's stock in a transaction 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 directly owned 4,094 shares in the company, valued at $2,514,330.10. The trade was a 18.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 151,090 shares of company stock worth $103,150,807. Company insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

Shares of META stock opened at $630.00 on Thursday. The company has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.08 and a beta of 1.28. 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 company has a 50-day simple moving average of $673.61 and a 200 day simple moving average of $632.21. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, beating the consensus estimate 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%. The business's revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm earned $7.25 EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

META has been the subject of a number of analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $886.00 price objective on shares of Meta Platforms in a research report on Tuesday, October 20th. CICC Research cut their target price on shares of Meta Platforms from $773.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. New Street Research reduced their price target on Meta Platforms from $730.00 to $700.00 and set a "buy" rating for the company in a report on Friday, July 31st. Citic Securities lowered their price target on Meta Platforms from $770.00 to $718.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, Cantor Fitzgerald raised their price objective on Meta Platforms from $840.00 to $860.00 and gave the company an "overweight" rating in a research report on Thursday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $833.12.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta acquired Conductor, a startup whose AI agents can work in parallel to build software projects. The deal adds AI coding capabilities, though financial terms were not disclosed. TechCrunch: Meta acquires AI coding startup Conductor
• Positive Sentiment: Investor demand for Meta’s bond offerings was strong: reports said orders for its U.S. sale reached about $58 billion. That suggests investors are willing to finance the company’s AI expansion. Reuters: Meta draws record orders for debut euro bond sale
• Positive Sentiment: Arista Networks said Meta remains one of its customers accounting for more than 10% of revenue, highlighting Meta’s role in demand for AI data-center infrastructure. Arista Networks Cashes In on the AI Infrastructure Build
• Neutral Sentiment: COO Javier Olivan reported stock sales under a pre-arranged Rule 10b5-1 plan. The planned nature of the transactions makes them less informative as a signal about management’s near-term outlook. SEC insider ownership filing
• Negative Sentiment: Meta is raising billions through U.S. and euro bond sales to fund AI infrastructure and expansion. One report said the company agreed to pay 7.5% on 30-year debt, pointing to a substantial financing cost as investment spending grows. Meta Just Paid 7.5% to Borrow for 30 Years

Meta Platforms Company 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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