MFG Investments LLC Makes New $1.14 Million Investment in Meta Platforms, Inc. $META

Key Points

• MFG Investments opened a new Meta position in the third quarter, buying 1,565 shares worth approximately $1.14 million. Meta now represents about 1.3% of the firm’s portfolio.
• Other large institutional investors also increased their holdings, and institutions collectively own about 79.91% of Meta’s shares.
• Meta’s latest quarterly results exceeded estimates: earnings were $7.40 per share versus $6.54 expected, while revenue rose 26.1% year over year to $64.6 billion.

MFG Investments LLC purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,565 shares of the social networking company's stock, valued at approximately $1,135,000. Meta Platforms comprises approximately 1.3% of MFG Investments LLC's investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp lifted its stake in 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 buying 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Meta Platforms by 1.3% during the 2nd 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 during the period. Amundi grew its position in shares of Meta Platforms by 18.1% during the 1st 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 shares of Meta Platforms by 4.0% during the 1st 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 institutional investors.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta launched Spaces, a collaboration feature for its Muse AI agents, following the rollout of Muse Voice. The new offerings may help strengthen user engagement and expand Meta’s consumer AI ecosystem. Meta introduces Spaces
• Positive Sentiment: Recent earnings commentary points to AI supporting Meta’s advertising operations, reinforcing the potential for the company’s AI investments to generate revenue. Takeaways from recent earnings
• Neutral Sentiment: Meta paused planned updates to its terms and is keeping existing rules in place. The move avoids an immediate policy change, though the underlying issues remain unresolved. Meta pauses planned terms updates
• Neutral Sentiment: Plans for new nonvoting Class C shares have been described as effectively creating a 2-for-1 split. A split changes the number of shares, but does not by itself change the company’s underlying value; the structure preserves Mark Zuckerberg’s voting control. Is Meta Platforms next for a stock split?
• Negative Sentiment: Meta and other platforms sued to block California restrictions on social-media features for users under 16. The case adds regulatory uncertainty and potential legal costs. Platforms sue over California teen social-media law
• Negative Sentiment: Meta warned that political backlash and possible limits on data-center construction could complicate its AI expansion. Its $15 billion senior-notes offering also highlights the scale of financing required for investment. Data-center expansion concerns
• Negative Sentiment: Reported ETF net selling and insider share sales may add short-term pressure, although the disclosed insider transaction was made under a pre-arranged trading plan. ETFs are net sellers of Meta Platforms

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $610.15 on Monday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $779.82. The business has a 50-day moving average of $674.97 and a two-hundred day moving average of $632.16. The company has a market capitalization of $1.56 trillion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28. 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 results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, topping analysts' consensus estimates of $6.54 by $0.86. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The company had revenue of $64.60 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. As a group, equities analysts predict that Meta Platforms, Inc. will post 29.01 EPS for the current 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 paid a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms's dividend payout ratio is presently 7.16%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were 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 is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 149,398 shares of company stock worth $102,134,435. 13.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on META shares. Deutsche Bank Aktiengesellschaft upped their price target on Meta Platforms from $750.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, September 25th. The Goldman Sachs Group reissued a "buy" rating and set a $885.00 price objective on shares of Meta Platforms in a research note on Thursday, October 22nd. Citigroup boosted their price objective on shares of Meta Platforms from $895.00 to $905.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. KeyCorp upped their target price on shares of Meta Platforms from $900.00 to $905.00 and gave the company an "overweight" rating in a research note on Thursday, October 22nd. Finally, DA Davidson upped their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company a "buy" rating in a research note 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 issued a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $833.12.

About Meta Platforms

Meta Platforms, Inc is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world.

The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta's business, with its platforms providing tools for businesses to promote products and services.

Founded in 2004 as Facebook by Mark Zuckerberg and fellow students, the company changed its name to Meta Platforms in 2021 to reflect its broader focus on building social technologies and immersive digital experiences.

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