Meta Platforms, Inc. $META Position Decreased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META) by 23.9% in the third quarter, Holdings Channel.com reports. The firm owned 13,334 shares of the social networking company’s stock after selling 4,181 shares during the quarter. Meta Platforms makes up approximately 1.1% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. SeaCrest Wealth Management LLC’s holdings in Meta Platforms were worth $9,670,000 at the end of the most recent quarter.

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

Meta Platforms News Roundup

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

• Positive Sentiment: Nvidia partnership validates Meta’s AI strategy: Nvidia plans to invest $3 billion in Meta and expand cooperation on Meta’s Muse AI assistant and model family. Meta is expected to deploy more Nvidia hardware, potentially strengthening Muse’s capabilities and supporting future monetization. Nvidia, Meta partner on Muse agent as Nvidia invests $3 billion
• Positive Sentiment: Core business momentum remains strong: Meta reported quarterly revenue of $64.6 billion, up 26% year over year, and exceeded earnings expectations. Advertising benefited from higher impressions and pricing, while analysts cited Meta’s massive user base and Muse’s potential in commerce, subscriptions and business tools. Analysts Turn Bullish on Meta Platforms Despite Post-Earnings Fall
• Positive Sentiment: Analysts remain constructive: Several analysts raised price targets or maintained bullish ratings, arguing that AI-enhanced advertising and successful adoption of Muse could create significant long-term revenue growth. Meta’s $825B AI Bet Is Massive, But Muse Could Make It Worth It

Meta Platforms Stock Performance

NASDAQ:META opened at $620.19 on Wednesday. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82. The stock’s fifty day moving average is $665.70 and its two-hundred day moving average is $632.70.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 21st. The social networking company reported $7.40 earnings per share for the quarter, topping analysts’ consensus estimates of $6.54 by $0.86. The business had revenue of $64.60 billion for the quarter, compared to analysts’ expectations of $63.34 billion. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.25 earnings per share. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 28.98 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 21st.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 629 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $707.20, for a total value of $444,828.80. Following the transaction, the chief operating officer owned 947 shares of the company’s stock, valued at $669,718.40. This represents a 39.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of the stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $777.44, for a total transaction of $21,359,386.56. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 148,440 shares of company stock worth $101,456,300. 13.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore reiterated an “outperform” rating on shares of Meta Platforms in a report on Thursday, October 22nd. Citizens Jmp restated a “market outperform” rating and set a $885.00 price objective on shares of Meta Platforms in a research report on Thursday, October 22nd. Pivotal Research raised their price objective on shares of Meta Platforms from $930.00 to $960.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Mizuho lifted their target price on shares of Meta Platforms from $750.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Finally, Yorkville Ives assumed coverage on shares of Meta Platforms in a report on Tuesday, October 6th. They issued an “outperform” rating and a $900.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $833.12.

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.