Meta Platforms, Inc. $META Stock Purchased by Choreo LLC

Key Points

• Choreo LLC increased its Meta stake 3.1% in the third quarter, adding 2,447 shares to hold 82,300 shares valued at about $59.7 million.
• Institutional investors broadly hold 79.91% of Meta shares; several large firms, including State Street and Bank of America, also increased their positions.
• Meta beat quarterly earnings and revenue expectations, with revenue up 26.1% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $833.12.

Choreo LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,300 shares of the social networking company's stock after buying an additional 2,447 shares during the quarter. Choreo LLC's holdings in Meta Platforms were worth $59,673,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Corient Private Wealth LP increased its stake in 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 worth $4,957,946,000 after buying an additional 7,732,446 shares during the period. Jupiter Topco LLC acquired a new position in Meta Platforms in the 2nd quarter worth $2,948,486,000. State Street Corp boosted its position in Meta Platforms by 4.0% in the 2nd quarter. State Street Corp now owns 92,033,963 shares of the social networking company's stock valued at $51,841,811,000 after buying an additional 3,510,123 shares during the last quarter. Bank of America Corp DE boosted its position 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 buying an additional 2,673,494 shares during the last quarter. Finally, Amundi boosted its position in Meta Platforms by 18.1% in the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company's stock valued at $6,784,873,000 after buying an additional 1,815,017 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on META. New Street Research cut their price target on Meta Platforms from $730.00 to $700.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Wolfe Research restated an "outperform" rating and set a $700.00 price objective on shares of Meta Platforms in a report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on Meta Platforms from $1,000.00 to $995.00 and set an "overweight" rating on the stock in a report on Thursday, October 22nd. President Capital raised Meta Platforms from a "neutral" rating to a "buy" rating and upped their target price for the company from $660.00 to $897.00 in a research report on Thursday, September 24th. Finally, Rothschild & Co Redburn increased their target price on Meta Platforms from $900.00 to $1,000.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $833.12.

Meta Platforms Stock Up 1.4%

META stock opened at $630.00 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.30. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82. The firm's 50-day simple moving average is $673.61 and its 200 day simple moving average is $632.21. The stock has a market cap of $1.61 trillion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $63.34 billion. During the same period in the previous year, the business posted $7.25 EPS. Meta Platforms's revenue was up 26.1% on a year-over-year basis. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 29.01 EPS for the current year.

Meta Platforms Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.16%.

Insider Buying and Selling

In other news, CTO Andrew Bosworth sold 7,848 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the transaction, the chief technology officer directly owned 828 shares of the company's stock, valued at approximately $462,024. This trade represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of Meta Platforms stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the sale, the chief accounting officer owned 6,271 shares in the company, valued at approximately $3,875,854.26. This represents a 34.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 News Summary

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

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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