Meta Platforms, Inc. $META Stock Sold by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd cut its Meta stake by 31.5% in the third quarter, selling 14,379 shares and retaining 31,200 shares valued at approximately $22.6 million.
• Institutional investors own 79.91% of Meta, while insiders sold 149,515 shares worth about $102.2 million during the last quarter; COO Javier Olivan’s sale was conducted under a pre-arranged Rule 10b5-1 plan.
• Meta exceeded quarterly earnings and revenue expectations, reporting $7.40 in EPS and $64.6 billion in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $833.12.

Maxi Investments CY Ltd lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 31.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,200 shares of the social networking company's stock after selling 14,379 shares during the quarter. Meta Platforms comprises approximately 4.2% of Maxi Investments CY Ltd's portfolio, making the stock its 6th largest position. Maxi Investments CY Ltd's holdings in Meta Platforms were worth $22,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of META. AGH Wealth Advisors LLC boosted its position in shares of Meta Platforms by 10.6% during the 3rd quarter. AGH Wealth Advisors LLC now owns 3,785 shares of the social networking company's stock worth $2,745,000 after purchasing an additional 363 shares in the last quarter. Patton Albertson Miller Group LLC grew its position in Meta Platforms by 1.9% in the third quarter. Patton Albertson Miller Group LLC now owns 19,077 shares of the social networking company's stock valued at $13,834,000 after acquiring an additional 347 shares in the last quarter. Geneva Partners LLC boosted its stake in shares of Meta Platforms by 87.2% during the 3rd quarter. Geneva Partners LLC now owns 17,615 shares of the social networking company's stock valued at $12,774,000 after buying an additional 8,207 shares during the last quarter. Sage Investment Counsel LLC raised its position in shares of Meta Platforms by 30.9% during the 3rd quarter. Sage Investment Counsel LLC now owns 2,520 shares of the social networking company's stock valued at $1,827,000 after acquiring an additional 595 shares in the last quarter. Finally, Plimoth Trust Co. LLC grew its stake in Meta Platforms by 4.2% during the 3rd quarter. Plimoth Trust Co. LLC now owns 9,535 shares of the social networking company's stock worth $6,915,000 after buying an additional 385 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the company's stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $640.00, for a total transaction of $605,440.00. Following the sale, the chief operating officer directly owned 5,040 shares in the company, valued at $3,225,600. This represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 valued at $102,183,520 in the last quarter. Insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

META opened at $614.99 on Monday. 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 firm has a market capitalization of $1.57 trillion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.07 and a beta of 1.28. The company has a fifty day moving average price of $670.03 and a 200-day moving average price of $632.26. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, topping the consensus estimate of $6.54 by $0.86. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The business had revenue of $64.60 billion during the quarter, compared to analysts' expectations of $63.34 billion. During the same quarter last year, the business posted $7.25 EPS. The business's revenue was up 26.1% on a year-over-year basis. Equities research analysts expect that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were given a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.16%.

Analyst Ratings Changes

A number of brokerages have weighed in on META. Benchmark reissued a "hold" rating on shares of Meta Platforms in a report on Thursday, August 27th. Cantor Fitzgerald boosted their price target on Meta Platforms from $840.00 to $860.00 and gave the company an "overweight" rating in a research note on Thursday, October 22nd. TD Cowen lowered their target price on shares of Meta Platforms from $865.00 to $850.00 and set a "buy" rating for the company in a report on Thursday, October 22nd. Morgan Stanley increased their price objective on shares of Meta Platforms from $775.00 to $820.00 and gave the stock an "overweight" rating in a research note on Monday, October 19th. Finally, BMO Capital Markets raised their price target on Meta Platforms from $580.00 to $685.00 and gave the stock a "market perform" rating in a research report on Thursday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $833.12.

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

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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