Meta Platforms, Inc. $META Stock Bought by Abundance Wealth Counselors

Key Points

• Abundance Wealth Counselors increased its Meta position by 25.6% in the third quarter, bringing its holdings to 10,787 shares valued at approximately $7.8 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Meta reported quarterly EPS of $7.40 versus the $6.54 analyst consensus, while revenue rose 26.1% year over year to $64.6 billion. Advertising strength, AI improvements and a new AMD partnership support the company’s growth outlook.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $833.12, while Meta also pays a quarterly dividend of $0.525 per share. Separately, insiders have sold shares recently, including COO Javier Olivan’s $605,440 transaction.

Abundance Wealth Counselors increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,787 shares of the social networking company's stock after buying an additional 2,196 shares during the period. Meta Platforms accounts for 1.1% of Abundance Wealth Counselors' holdings, making the stock its 17th largest position. Abundance Wealth Counselors' holdings in Meta Platforms were worth $7,823,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in META. Cahaba Wealth Management Inc. lifted its stake in Meta Platforms by 19.0% during the third quarter. Cahaba Wealth Management Inc. now owns 715 shares of the social networking company's stock worth $519,000 after purchasing an additional 114 shares during the last quarter. Center for Financial Planning Inc. lifted its stake in Meta Platforms by 16.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,467 shares of the social networking company's stock valued at $1,064,000 after purchasing an additional 210 shares during the last quarter. Tiller Private Wealth Inc. lifted its stake in shares of Meta Platforms by 2.6% in the 3rd quarter. Tiller Private Wealth Inc. now owns 1,073 shares of the social networking company's stock valued at $778,000 after acquiring an additional 27 shares during the last quarter. Segment Wealth Management LLC boosted its holdings in shares of Meta Platforms by 1.6% during the 3rd quarter. Segment Wealth Management LLC now owns 26,900 shares of the social networking company's stock valued at $19,507,000 after acquiring an additional 416 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Meta Platforms by 18.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 28,063 shares of the social networking company's stock valued at $20,351,000 after acquiring an additional 4,330 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms News Roundup

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

Meta Platforms Stock Performance

NASDAQ META opened at $614.99 on Monday. The business's 50-day moving average price is $670.03 and its two-hundred day moving average price is $632.26. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82. The firm has a market capitalization 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. 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 issued 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 company had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The firm's revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company earned $7.25 earnings per share. On average, analysts expect that Meta Platforms, Inc. will post 29.01 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced 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 yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms's dividend payout ratio is currently 7.16%.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the firm's stock in a transaction that occurred on Monday, October 26th. The shares were 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 in the company, valued at approximately $3,225,600. This trade represents a 15.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 149,515 shares of company stock worth $102,183,520. Corporate insiders own 13.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on META shares. Benchmark reaffirmed a "hold" rating on shares of Meta Platforms in a report on Thursday, August 27th. Tigress Financial reiterated a "strong-buy" rating and issued a $945.00 target price (down from $995.00) on shares of Meta Platforms in a research report on Thursday, September 24th. Sanford C. Bernstein reissued an "outperform" rating and set a $800.00 price target (down from $850.00) on shares of Meta Platforms in a research note on Thursday, July 30th. DA Davidson boosted their price target on Meta Platforms from $700.00 to $800.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $885.00 price objective on shares of Meta Platforms 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $833.12.

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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