Meta Platforms, Inc. $META Stock Purchased by Glenview Trust Co

Key Points

• Glenview Trust increased its Meta stake by 1.3% in the third quarter, adding 2,596 shares to hold 210,049 shares valued at about $152.3 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $833.12; ratings include 3 Strong Buys, 47 Buys and 7 Holds.
• Meta’s latest quarterly results topped estimates: earnings were $7.40 per share versus $6.54 expected, while revenue rose 26.1% year over year to $64.6 billion.

Glenview Trust Co grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,049 shares of the social networking company's stock after buying an additional 2,596 shares during the quarter. Meta Platforms comprises 2.1% of Glenview Trust Co's investment portfolio, making the stock its 11th biggest holding. Glenview Trust Co's holdings in Meta Platforms were worth $152,323,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of META. State Street Corp lifted its stake in shares of Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company's stock valued at $51,841,811,000 after purchasing an additional 3,510,123 shares during the period. Bank of America Corp DE boosted its holdings in Meta Platforms by 14.6% during the first 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 buying an additional 2,673,494 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Meta Platforms by 1.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company's stock worth $7,230,426,000 after buying an additional 162,909 shares in the last quarter. Amundi grew its position in Meta Platforms by 18.1% during the first quarter. Amundi now owns 11,858,972 shares of the social networking company's stock worth $6,784,873,000 after buying an additional 1,815,017 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Meta Platforms by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company's stock worth $5,964,745,000 after buying an additional 404,948 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on META. 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. Guggenheim reaffirmed a "buy" rating and issued a $850.00 price objective on shares of Meta Platforms in a research note on Thursday, October 22nd. China Renaissance dropped their price objective on Meta Platforms from $825.00 to $700.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Evercore reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, October 22nd. Finally, KeyCorp boosted their target price on Meta Platforms from $900.00 to $905.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average price target of $833.12.

Meta Platforms News Roundup

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

Insider Activity

In related news, COO Javier Olivan sold 946 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was 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 in the company, valued at approximately $2,514,330.10. This trade represents a 18.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 151,090 shares of company stock valued at $103,150,807 in the last ninety days. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Stock Up 1.4%

META opened at $630.00 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28. The business has a 50-day moving average of $673.61 and a two-hundred day moving average of $632.21. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, topping 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 company had revenue of $64.60 billion for the quarter, compared to the consensus estimate of $63.34 billion. During the same quarter last year, the firm posted $7.25 earnings per share. Meta Platforms's revenue was up 26.1% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were given 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%.

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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