Meta Platforms, Inc. $META Stock Position Raised by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,901 shares of the social networking company's stock after purchasing an additional 888 shares during the quarter. Meta Platforms makes up approximately 0.6% of AlphaStar Capital Management LLC's investment portfolio, making the stock its 29th largest holding. AlphaStar Capital Management LLC's holdings in Meta Platforms were worth $10,806,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of META. Auto Owners Insurance Co raised its position in shares of Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock valued at $69,502,379,000 after buying an additional 105,154,977 shares in the last quarter. Corient Private Wealth LP lifted its position in shares of Meta Platforms by 723.1% during the 2nd quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company's stock valued at $4,957,946,000 after acquiring an additional 7,732,446 shares during the period. Jupiter Topco LLC bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $2,948,486,000. State Street Corp grew its holdings 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 worth $51,841,811,000 after purchasing an additional 3,510,123 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings 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 worth $12,036,491,000 after purchasing an additional 2,673,494 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling

In other Meta Platforms news, insider Christopher Cox sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $712.76, for a total transaction of $28,510,400.00. Following the sale, the insider directly owned 184,516 shares of the company's stock, valued at $131,515,624.16. The trade was a 17.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of the business's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $777.44, for a total transaction of $21,359,386.56. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 148,331 shares of company stock worth $101,233,569 in the last ninety days. Company insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $705.44 on Tuesday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 26.57, a P/E/G ratio of 1.20 and a beta of 1.19. The company's 50 day moving average price is $657.99 and its two-hundred day moving average price is $627.42.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%. The firm's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company posted $7.14 earnings per share. On average, equities analysts forecast that Meta Platforms, Inc. will post 28.81 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms's dividend payout ratio (DPR) is 7.91%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on META. Rothschild & Co Redburn raised their price target on Meta Platforms from $900.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. BMO Capital Markets dropped their target price on shares of Meta Platforms from $720.00 to $580.00 and set a "market perform" rating for the company in a research report on Thursday, July 30th. Benchmark restated a "hold" rating on shares of Meta Platforms in a research report on Thursday, August 27th. President Capital raised shares of Meta Platforms from a "neutral" rating to a "buy" rating and upped their price target for the stock from $660.00 to $897.00 in a report on Thursday, September 24th. Finally, China Renaissance reduced their price target on shares of Meta Platforms from $825.00 to $700.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $811.24.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta’s advertising business is viewed as benefiting from improved ad performance, distribution scale and the company’s ability to monetize its large user base. Strong ad growth could support the bullish case if management also demonstrates disciplined spending. Accelerating Ad Business and Distribution Scale Create Compelling Value at Meta Platforms
• Positive Sentiment: Meta’s earnings report is being treated as an important test of investor confidence in the AI trade after a sell-off in semiconductor and other AI-related stocks. Evidence that AI investments are driving advertising, engagement or new products could improve sentiment across the sector. Week Ahead: Meta, Tesla Earnings to Test AI Trade
• Neutral Sentiment: Meta is considered relatively attractively valued versus some social-media peers, including Reddit, but the stock’s premium valuation leaves limited room for an earnings miss. Are You Overpaying for Reddit Stock Versus Its Rivals?
• Neutral Sentiment: Meta’s planned large AI data center in Louisiana could support long-term computing capacity and local hiring, although the project also underscores the company’s substantial capital-expenditure requirements. Louisiana Residents Are Training for Jobs at Meta’s Largest-Ever AI Data Center
• Negative Sentiment: Analysts are highlighting elevated capital expenditures, potential margin pressure and a demanding valuation as key risks ahead of earnings. Any indication that AI spending is accelerating faster than monetization could weigh on the shares. Should You Buy, Sell, or Hold META Stock Before Q3 Earnings Release?
• Negative Sentiment: Meta apologized after suspending the “No Kings” Instagram account, creating a limited reputational and content-moderation overhang. Separately, scrutiny of always-listening AI wearables raises longer-term privacy and legal risks for Meta’s device strategy. Meta Apologizes After Suspending “No Kings” Instagram Account

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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