Meta Platforms, Inc. $META Stock Sold by Convergence Financial LLC

Key Points

• Convergence Financial LLC cut its Meta position by 53.1% in the third quarter, selling 11,393 shares and retaining 10,045 shares valued at approximately $7.3 million.
• Institutional investors and hedge funds own 79.91% of Meta, while insiders sold 149,515 shares worth about $102.2 million during the past 90 days.
• Despite concerns over heavy AI spending and financing needs, Meta reported 26.1% year-over-year revenue growth and earnings of $7.40 per share, exceeding analyst expectations; analysts maintain a “Moderate Buy” consensus rating with an average price target of $833.12.

Convergence Financial LLC lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 53.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,045 shares of the social networking company's stock after selling 11,393 shares during the quarter. Meta Platforms comprises 1.0% of Convergence Financial LLC's investment portfolio, making the stock its 24th biggest holding. Convergence Financial LLC's holdings in Meta Platforms were worth $7,285,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Fairtree Asset Management Pty Ltd grew its stake in shares of Meta Platforms by 18.6% during the 2nd quarter. Fairtree Asset Management Pty Ltd now owns 18,777 shares of the social networking company's stock worth $10,577,000 after purchasing an additional 2,939 shares during the period. Madison Wealth Partners Inc increased its holdings in shares of Meta Platforms by 33.6% in the 2nd quarter. Madison Wealth Partners Inc now owns 3,031 shares of the social networking company's stock valued at $1,707,000 after purchasing an additional 763 shares in the last quarter. William John Sempolinski acquired a new stake in shares of Meta Platforms in the second quarter valued at about $3,107,000. Sone Capital Management LLC lifted its stake in shares of Meta Platforms by 38.2% in the second quarter. Sone Capital Management LLC now owns 16,059 shares of the social networking company's stock valued at $9,046,000 after purchasing an additional 4,440 shares during the period. Finally, Lakewood Capital Management LP boosted its holdings in Meta Platforms by 63.7% during the second quarter. Lakewood Capital Management LP now owns 115,985 shares of the social networking company's stock worth $65,333,000 after buying an additional 45,130 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 40,000 shares of the firm's stock in a transaction dated 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. This trade represents a 17.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of Meta Platforms stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the sale, the chief financial officer owned 13,186 shares of the company's stock, valued at approximately $7,260,343.46. This trade represents a 41.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 149,515 shares of company stock worth $102,183,520 in the last ninety days. Company insiders own 13.53% of the company's stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta’s advertising business remains a key support. Revenue increased 26% in the latest quarter, and AI-driven improvements to ad targeting and engagement are helping Meta benefit even as AI agents pressure traditional search. Why AI is boosting Meta's ad business while hurting Google search
• Positive Sentiment: Analysts continue to view Meta favorably, with the stock receiving a “Moderate Buy” consensus rating. The company’s long-term upside depends on whether its AI investments generate sufficient advertising and new-business growth. Meta Platforms Stock Now Rated Moderate Buy
• Neutral Sentiment: Meta postponed new business-account terms after criticism that they could enable extensive scraping of news and other websites. The delay reduces immediate backlash but highlights ongoing concerns about AI data practices and potential regulation. Meta delays new business terms after outcry
• Negative Sentiment: Investors are increasingly focused on the scale and funding of Meta’s AI buildout. The company is reportedly considering at least $20 billion in bond offerings, while a separate 6.5% preferred-share issuance raises concerns about expensive capital, dilution-like effects, and balance-sheet pressure. Meta eyes at least $20 billion from potential bond offerings Meta 6.5% preferreds issuance
• Negative Sentiment: Large capital expenditures—projected at $135 billion to $145 billion for 2026—are raising questions about free cash flow, returns on AI investment, and possible shareholder dilution. Market pressure on major AI spenders has added to the stock’s weakness. Meta and Alphabet face market pressure over capital expenditures
• Negative Sentiment: Settlements involving alleged social-media addiction and harm to young users may limit litigation costs in the near term, but plaintiffs’ attorneys are still demanding product and safety changes, preserving regulatory and reputational risk. Attorney calls for meaningful changes after Meta and Snap settlements

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Daiwa Securities Group lowered their target price on shares of Meta Platforms from $790.00 to $687.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Citizens Jmp reiterated a "market outperform" rating and set a $885.00 price target on shares of Meta Platforms in a research report on Thursday, October 22nd. Rosenblatt Securities reissued a "buy" rating and set a $886.00 price target on shares of Meta Platforms in a research note on Tuesday, October 20th. HSBC lowered their price target on Meta Platforms from $905.00 to $830.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Guggenheim restated a "buy" rating and issued a $850.00 price target on shares of Meta Platforms in a report on Thursday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $833.12.

Meta Platforms Stock Performance

Meta Platforms stock opened at $606.73 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 market capitalization of $1.55 trillion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.06 and a beta of 1.19. The stock has a fifty day moving average of $671.17 and a two-hundred day moving average of $632.13. 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 (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.54 by $0.86. The business had revenue of $64.60 billion for 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%. The business's revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.25 earnings per share. On average, analysts anticipate that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors 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 yield of 0.3%. Meta Platforms's payout ratio is presently 7.16%.

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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