Meta Platforms, Inc. $META Stock Sold by Deltec Asset Management LLC

Key Points

• Deltec Asset Management cut its Meta position by 23.5% in the third quarter, selling 4,962 shares and retaining 16,139 shares valued at approximately $11.7 million. Institutional investors and hedge funds collectively own 79.91% of Meta.
• Analyst sentiment remains favorable, with Meta carrying a “Moderate Buy” consensus rating and an average price target of $833.12; several firms recently raised their targets.
• Meta reported stronger-than-expected quarterly results, including $7.40 in EPS and $64.60 billion in revenue, up 26.1% year over year. The stock opened at $614.99, while COO Javier Olivan and other insiders have continued selling shares under trading plans.

Deltec Asset Management LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,139 shares of the social networking company's stock after selling 4,962 shares during the period. Meta Platforms accounts for 1.8% of Deltec Asset Management LLC's portfolio, making the stock its 13th largest position. Deltec Asset Management LLC's holdings in Meta Platforms were worth $11,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of 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 purchasing an additional 3,510,123 shares during the period. Bank of America Corp DE boosted its position in shares of 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 worth $12,036,491,000 after purchasing an additional 2,673,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 purchasing an additional 162,909 shares during the period. Amundi grew its stake in shares of 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 purchasing an additional 1,815,017 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Meta Platforms by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company's stock valued at $5,964,745,000 after purchasing an additional 404,948 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on META shares. Barclays boosted their target price on Meta Platforms from $780.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. DA Davidson increased their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Cantor Fitzgerald lifted their price objective on shares of Meta Platforms from $840.00 to $860.00 and gave the stock an "overweight" rating in a research note on Thursday, October 22nd. Pivotal Research lifted their price objective on shares of Meta Platforms from $930.00 to $960.00 and gave the stock a "buy" rating in a research note on Thursday, October 22nd. Finally, BMO Capital Markets boosted their price objective on shares of Meta Platforms from $580.00 to $685.00 and gave the company a "market perform" rating in a report on Thursday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $833.12.

Insider Activity

In other news, COO Javier Olivan sold 946 shares of the company's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $640.00, for a total transaction of $605,440.00. Following the completion of the transaction, the chief operating officer directly owned 5,040 shares in the company, valued at approximately $3,225,600. This represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a filing 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. Over the last 90 days, insiders have sold 150,015 shares of company stock worth $102,464,300. Insiders own 13.53% of the company's stock.

Meta Platforms Stock Down 1.5%

Meta Platforms stock opened at $614.99 on Friday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82. The firm has a market capitalization of $1.57 trillion, a PE ratio of 20.97, a P/E/G ratio of 1.07 and a beta of 1.19. The company's 50-day moving average is $670.03 and its 200-day moving average is $632.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $63.34 billion. During the same period in the previous year, the company earned $7.25 earnings per share. The company's quarterly revenue was up 26.1% on a year-over-year basis. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.01 earnings per share for the current 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 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 dividend payout ratio (DPR) is 7.16%.

More Meta Platforms News

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

• Positive Sentiment: Meta settled a teen lawsuit alleging that Instagram and Facebook contributed to addiction, depression and eating disorders. Financial terms were not disclosed, but the agreement removes Meta from an upcoming Los Angeles trial and reduces near-term litigation uncertainty. Reuters settlement report
• Positive Sentiment: Meta’s advertising fundamentals remain strong: recent coverage cited higher ad pricing, rising impressions, improved AI-driven ad conversions and strong engagement. Analysts also see meaningful upside, with one fair-value estimate raised from $813.65 to $848.38 per share. Meta fair value report
• Positive Sentiment: Meta expanded its relationship with Advanced Micro Devices, including a $1 billion equity investment and multi-generation chip co-design for Meta’s AI data centers. The deal may improve access to computing capacity and supplier diversification. AMD and Meta partnership report

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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