Partners Wealth Management LLC Acquires 47,672 Shares of Meta Platforms, Inc. $META

Partners Wealth Management LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 47,672 shares of the social networking company’s stock, valued at approximately $34,571,000. Meta Platforms comprises about 3.6% of Partners Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position.

Other institutional investors have also modified their holdings of the company. Corient Private Wealth LP raised its stake in Meta Platforms by 723.1% during the second quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock valued at $4,957,946,000 after buying an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC bought a new position in Meta Platforms during the 2nd quarter worth approximately $2,948,486,000. State Street Corp grew its position in shares of Meta Platforms by 4.0% in the 2nd quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock worth $51,841,811,000 after acquiring an additional 3,510,123 shares in the last quarter. Bank of America Corp DE grew its position in shares of Meta Platforms by 14.6% in the 1st 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 acquiring an additional 2,673,494 shares in the last quarter. Finally, Amundi grew its position in shares of Meta Platforms by 18.1% in the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after acquiring an additional 1,815,017 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 9,196 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $7,260,343.46. This trade represents a 41.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of Meta Platforms stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $777.44, for a total value of $21,359,386.56. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 151,090 shares of company stock valued at $103,150,807. 13.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

META has been the subject of a number of research analyst reports. BNP Paribas Exane lowered their price target on Meta Platforms from $955.00 to $855.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research note on Thursday, August 27th. DZ Bank reaffirmed a “buy” rating on shares of Meta Platforms in a report on Thursday, July 30th. Roth Capital lowered their target price on shares of Meta Platforms from $820.00 to $750.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $875.00 target price on shares of Meta Platforms in a report on Thursday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $833.12.

Meta Platforms News Summary

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

• Positive Sentiment: Meta acquired Conductor, a startup whose AI agents can work in parallel to build software projects. The deal adds AI coding capabilities, though financial terms were not disclosed. TechCrunch: Meta acquires AI coding startup Conductor
• Positive Sentiment: Investor demand for Meta’s bond offerings was strong: reports said orders for its U.S. sale reached about $58 billion. That suggests investors are willing to finance the company’s AI expansion. Reuters: Meta draws record orders for debut euro bond sale
• Positive Sentiment: Arista Networks said Meta remains one of its customers accounting for more than 10% of revenue, highlighting Meta’s role in demand for AI data-center infrastructure. Arista Networks Cashes In on the AI Infrastructure Build
• Neutral Sentiment: COO Javier Olivan reported stock sales under a pre-arranged Rule 10b5-1 plan. The planned nature of the transactions makes them less informative as a signal about management’s near-term outlook. SEC insider ownership filing
• Negative Sentiment: Meta is raising billions through U.S. and euro bond sales to fund AI infrastructure and expansion. One report said the company agreed to pay 7.5% on 30-year debt, pointing to a substantial financing cost as investment spending grows. Meta Just Paid 7.5% to Borrow for 30 Years

Meta Platforms Trading Up 1.4%

Shares of NASDAQ:META opened at $630.00 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $673.61 and its 200 day moving average price is $632.21. The company has a market cap of $1.61 trillion, a PE ratio of 21.48, a P/E/G ratio of 1.08 and a beta of 1.28. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82.

Meta Platforms (NASDAQ:META) last posted its earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, topping the consensus estimate of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The firm had revenue of $64.60 billion during the quarter, compared to analysts’ expectations of $63.34 billion. During the same quarter in the prior year, the firm earned $7.25 EPS. Meta Platforms’s quarterly revenue was up 26.1% on a year-over-year basis. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were issued a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms’s payout ratio is 7.16%.

Meta Platforms 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.