Meta Platforms, Inc. $META Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,545 shares of the social networking company’s stock after purchasing an additional 2,301 shares during the quarter. Meta Platforms makes up about 2.0% of New York Life Investment Management LLC’s investment portfolio, making the stock its 7th largest position. New York Life Investment Management LLC’s holdings in Meta Platforms were worth $218,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its stake in Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the period. Invesco Ltd. grew its stake in shares of Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock worth $7,229,553,000 after buying an additional 536,160 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after buying an additional 247,850 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $621.71 on Friday. The firm has a fifty day moving average of $726.22 and a two-hundred day moving average of $701.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.37 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period in the previous year, the company earned $6.03 EPS. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is currently 9.28%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on META. DA Davidson set a $825.00 price objective on Meta Platforms in a report on Thursday, October 30th. Roth Capital reissued a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and upped their price objective for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Cantor Fitzgerald cut their target price on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, BMO Capital Markets increased their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $787.06, for a total transaction of $12,472,539.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 75,798 shares of company stock valued at $58,347,026. Insiders own 13.61% of the company’s stock.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.