Meta Platforms, Inc. $META Stock Sold by Revolve Wealth Partners LLC

Key Points

• Revolve Wealth Partners reduced its Meta Platforms stake by 8.2% in the third quarter, selling 843 shares and retaining 9,416 shares valued at approximately $6.83 million. Institutional investors collectively own 79.91% of META.
• Analyst sentiment remains positive, with Meta receiving a consensus “Moderate Buy” rating and an average price target of $833.12; Morgan Stanley and JPMorgan recently raised their targets.
• Meta beat quarterly expectations with $7.40 in EPS and $64.60 billion in revenue, up 26.1% year over year. The company also pays a quarterly dividend of $0.525 per share, while insiders have sold roughly $102.5 million of stock over the past 90 days.

Revolve Wealth Partners LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,416 shares of the social networking company's stock after selling 843 shares during the quarter. Meta Platforms comprises 0.7% of Revolve Wealth Partners LLC's investment portfolio, making the stock its 27th largest position. Revolve Wealth Partners LLC's holdings in Meta Platforms were worth $6,829,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in META. Penney Financial LLC boosted its stake in shares of Meta Platforms by 3.9% during the 1st quarter. Penney Financial LLC now owns 399 shares of the social networking company's stock valued at $228,000 after purchasing an additional 15 shares in the last quarter. Barnes Pettey Financial Advisors LLC raised its position in shares of Meta Platforms by 1.0% in the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 1,519 shares of the social networking company's stock worth $869,000 after acquiring an additional 15 shares in the last quarter. Bill Few Associates Inc. lifted its stake in shares of Meta Platforms by 1.3% in the 3rd quarter. Bill Few Associates Inc. now owns 1,206 shares of the social networking company's stock valued at $874,000 after purchasing an additional 15 shares during the period. Value Partners Investments Inc. boosted its position in shares of Meta Platforms by 1.8% during the third quarter. Value Partners Investments Inc. now owns 866 shares of the social networking company's stock valued at $630,000 after purchasing an additional 15 shares in the last quarter. Finally, CWS Financial Advisors LLC grew its stake in Meta Platforms by 1.7% in the first quarter. CWS Financial Advisors LLC now owns 985 shares of the social networking company's stock worth $564,000 after purchasing an additional 16 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on META. Benchmark reiterated a "hold" rating on shares of Meta Platforms in a research note on Thursday, August 27th. Morgan Stanley boosted their price target on Meta Platforms from $775.00 to $820.00 and gave the stock an "overweight" rating in a research report on Monday, October 19th. Rosenblatt Securities reiterated a "buy" rating and set a $886.00 price objective on shares of Meta Platforms in a research note on Tuesday, October 20th. JPMorgan Chase & Co. raised their price target on Meta Platforms from $920.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, October 22nd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $800.00 price target (down from $850.00) on shares of Meta Platforms in a research report on Thursday, July 30th. 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. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $833.12.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $614.99 on Friday. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82. The stock has a market capitalization of $1.57 trillion, a P/E ratio of 20.97, a PEG ratio of 1.08 and a beta of 1.19. The firm has a fifty day simple moving average of $670.03 and a two-hundred day simple moving average of $632.26. 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 (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 analysts' consensus estimates 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 company's quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.25 earnings per share. On average, 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. Shareholders of record on Monday, September 21st were given a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms's payout ratio is 7.16%.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 9,196 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the sale, the chief financial officer directly owned 13,186 shares of the company's stock, valued at $7,260,343.46. The trade was a 41.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 828 shares in the company, valued at $462,024. This represents a 90.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 150,015 shares of company stock valued at $102,464,300. 13.53% of the stock is currently owned by corporate insiders.

Key Stories Impacting Meta Platforms

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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