Meta Platforms, Inc. $META Stock: Hedeker Wealth LLC Grows Position

Key Points

• Hedeker Wealth increased its Meta position by 7.8% in the third quarter, bringing its holdings to 21,500 shares valued at approximately $15.6 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Meta reported quarterly revenue of $64.6 billion and earnings of $7.40 per share, exceeding analyst expectations, while revenue increased 26.1% year over year.
• Despite the stock trading down 1.5% to $614.99, analysts maintain a “Moderate Buy” consensus with an average price target of $833.12; Meta also pays a quarterly dividend of $0.525 per share.

Hedeker Wealth LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,500 shares of the social networking company's stock after purchasing an additional 1,557 shares during the quarter. Meta Platforms makes up approximately 2.8% of Hedeker Wealth LLC's holdings, making the stock its 12th biggest position. Hedeker Wealth LLC's holdings in Meta Platforms were worth $15,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barnes Pettey Financial Advisors LLC raised its position in Meta Platforms by 1.0% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 1,519 shares of the social networking company's stock worth $869,000 after acquiring an additional 15 shares during the period. Bill Few Associates Inc. grew its position in shares of Meta Platforms by 1.3% during the 3rd quarter. Bill Few Associates Inc. now owns 1,206 shares of the social networking company's stock valued at $874,000 after acquiring an additional 15 shares during the period. Value Partners Investments Inc. grew its position in shares of Meta Platforms by 1.8% during the 3rd quarter. Value Partners Investments Inc. now owns 866 shares of the social networking company's stock valued at $630,000 after acquiring an additional 15 shares during the period. CWS Financial Advisors LLC grew its position in shares of Meta Platforms by 1.7% during the 1st quarter. CWS Financial Advisors LLC now owns 985 shares of the social networking company's stock valued at $564,000 after acquiring an additional 16 shares during the period. Finally, Tenzing Financial LLC increased its stake in shares of Meta Platforms by 1.3% in the 2nd quarter. Tenzing Financial LLC now owns 1,210 shares of the social networking company's stock worth $726,000 after purchasing an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 1.5%

META stock opened at $614.99 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $779.82. The business has a 50 day simple moving average of $670.03 and a two-hundred day simple moving average of $632.26. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.07 and a beta of 1.19.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, topping the consensus estimate of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The firm had revenue of $64.60 billion for the quarter, compared to the consensus estimate of $63.34 billion. During the same quarter in the previous year, the firm earned $7.25 earnings per share. The company's quarterly revenue was up 26.1% compared to the same quarter last year. Research analysts anticipate that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were given a $0.5250 dividend. 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 7.16%.

Wall Street Analysts Forecast Growth

META has been the topic of several analyst reports. TD Cowen lowered their target price on Meta Platforms from $865.00 to $850.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. Citigroup upped their price target on Meta Platforms from $895.00 to $905.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Wolfe Research reaffirmed an "outperform" rating and issued a $700.00 price objective on shares of Meta Platforms in a research note on Thursday, July 30th. Scotiabank raised their price objective on Meta Platforms from $600.00 to $650.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 22nd. Finally, President Capital raised Meta Platforms from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $660.00 to $897.00 in a research report on Thursday, September 24th. Three equities 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $833.12.

Insider Activity

In other news, COO Javier Olivan sold 946 shares of the business's stock in a transaction 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 sale, the chief operating officer directly owned 5,040 shares of the company's stock, valued at approximately $3,225,600. The trade was a 15.80% decrease in their ownership of the stock. The sale 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 sold 150,015 shares of company stock worth $102,464,300. 13.53% of the stock is currently owned by company insiders.

Key Stories Impacting Meta Platforms

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 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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