Meta Platforms, Inc. $META Shares Newly Acquired by MFG Investments LLC

MFG Investments LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,565 shares of the social networking company’s stock, valued at approximately $1,135,000. Meta Platforms makes up approximately 1.3% of MFG Investments LLC’s holdings, making the stock its 25th largest holding.

Other hedge funds have also modified their holdings of the company. Advantage Trust Co acquired a new position in Meta Platforms during the second quarter worth $28,000. Philadelphia Investment Partners LLC bought a new position in Meta Platforms in the second quarter valued at $32,000. Horizons Wealth Management bought a new position in Meta Platforms in the third quarter valued at $33,000. Axiom Investment Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at $36,000. Finally, Schuylkill Financial LLC acquired a new stake in Meta Platforms in the 2nd quarter valued at $36,000. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $614.15, for a total transaction of $580,985.90. Following the completion of the transaction, the chief operating officer owned 4,094 shares in the company, valued at approximately $2,514,330.10. This trade represents a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 149,398 shares of company stock valued at $102,134,435. Company insiders own 13.42% of the company’s stock.

Key Stories Impacting 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

NASDAQ:META opened at $610.15 on Monday. The stock has a market capitalization of $1.56 trillion, a PE ratio of 20.80, a P/E/G ratio of 1.06 and a beta of 1.28. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $779.82. The firm has a fifty day simple moving average of $674.97 and a 200 day simple moving average of $632.16. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (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 for the quarter, compared to analyst estimates of $63.34 billion. During the same period in the prior year, the firm posted $7.25 earnings per share. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, research analysts expect that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were given a $0.5250 dividend. 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 dividend payout ratio (DPR) is 7.16%.

Wall Street Analyst Weigh In

META has been the topic of several analyst reports. KeyCorp boosted their price target on shares of Meta Platforms from $900.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Citizens Jmp restated a “market outperform” rating and issued a $885.00 price objective on shares of Meta Platforms in a report on Thursday, October 22nd. Citigroup raised their price objective on Meta Platforms from $895.00 to $905.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. TD Cowen lowered their target price on Meta Platforms from $865.00 to $850.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Finally, Cantor Fitzgerald upped their target price on Meta Platforms from $840.00 to $860.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $833.12.

Meta Platforms Profile

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.