Meta Platforms, Inc. $META Stock Position Decreased by Arta Finance Wealth Management LLC

Key Points

• Arta Finance Wealth Management cut its Meta stake by 52.3% in the third quarter, selling 8,294 shares and retaining 7,569 shares valued at about $5.49 million.
• Institutional investors and hedge funds own 79.91% of Meta shares, with recent holdings changes mixed: several large investors increased their positions while Arta reduced its stake.
• Meta beat quarterly earnings and revenue estimates, with revenue up 26.1% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $833.12.

Arta Finance Wealth Management LLC lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 52.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,569 shares of the social networking company's stock after selling 8,294 shares during the quarter. Meta Platforms comprises approximately 2.6% of Arta Finance Wealth Management LLC's investment portfolio, making the stock its 11th biggest holding. Arta Finance Wealth Management LLC's holdings in Meta Platforms were worth $5,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Corient Private Wealth LP boosted its holdings in 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 purchasing an additional 7,732,446 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter worth about $2,948,486,000. State Street Corp lifted its position in Meta Platforms by 4.0% during the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company's stock worth $51,841,811,000 after acquiring an additional 3,510,123 shares during the last quarter. Bank of America Corp DE boosted its stake in Meta Platforms by 14.6% in 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 during the period. Finally, Amundi grew its stake in shares of Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company's stock valued at $6,784,873,000 after acquiring an additional 1,815,017 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta made its Muse Voice AI available to U.S. users, including voice and video conversations with its consumer AI agent. Wider access could help the company build engagement with its AI products. Meta says US users can now video chat with their Muse AI avatar
• Positive Sentiment: Meta acquired Conductor, a startup that uses multiple AI agents to help build software projects, adding technology and talent to its AI development efforts. Meta acquires AI coding startup Conductor
• Neutral Sentiment: Meta completed a $15 billion senior-notes offering. Strong investor demand supports its ability to raise funds, but the borrowing adds to scrutiny of the cost of financing its AI expansion. Meta Platforms Completes $15 Billion Senior Notes Offering
• Negative Sentiment: Meta, Google and TikTok sued California’s attorney general to block a law restricting features considered addictive for users under 16. The legal challenge highlights continuing regulatory and litigation exposure around youth safety. Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Meta’s president warned that political and community opposition over data-center power and water use could make new facilities harder to build. That could complicate the infrastructure buildout needed to support AI growth. Meta warns election backlash against data centers could make AI expansion harder
• Negative Sentiment: Coverage of Meta’s debut euro bond sale pointed to borrowing costs above Alphabet’s, adding to investor concern about the expense of funding the company’s large AI spending plans. Meta Paid 1.4 Times What Alphabet Did to Borrow in Euros
• Negative Sentiment: Delhi Police filed a case concerning child sexual abuse material on Meta’s platforms after intervention by India’s child-rights authorities, creating potential reputational and legal risk. Child Abuse Material On Meta Platforms Flagged, Delhi Police Files FIR After NHRC Intervention

Analyst Ratings Changes

A number of equities analysts have commented on META shares. Piper Sandler lowered their price objective on Meta Platforms from $875.00 to $850.00 and set an "overweight" rating on the stock in a research note on Thursday, October 22nd. BNP Paribas Exane dropped their price objective on Meta Platforms from $955.00 to $855.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Moffett Nathanson cut their target price on Meta Platforms from $800.00 to $740.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Rosenblatt Securities reissued a "buy" rating and set a $886.00 target price on shares of Meta Platforms in a report on Tuesday, October 20th. Finally, Tigress Financial restated a "strong-buy" rating and issued a $945.00 price target (down from $995.00) on shares of Meta Platforms in a research report on Thursday, September 24th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $833.12.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction that occurred 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 sale, the chief operating officer directly owned 4,094 shares of the company's stock, valued at approximately $2,514,330.10. The trade was a 18.77% decrease in their position. The sale 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 valued at $103,150,807. Company insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $605.08 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 1.90. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.09 and a beta of 1.28. The stock has a fifty day moving average of $674.18 and a 200-day moving average of $632.13.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, topping the consensus estimate of $6.54 by $0.86. The business 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%. Meta Platforms's revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the company earned $7.25 EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

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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