4,962 Meta Platforms, Inc. $META Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,139 shares of the social networking company’s stock after selling 4,962 shares during the quarter. Meta Platforms accounts for approximately 1.8% of Deltec Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Deltec Asset Management LLC’s holdings in Meta Platforms were worth $11,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Plimoth Trust Co. LLC boosted its stake in shares of Meta Platforms by 4.2% in the 3rd quarter. Plimoth Trust Co. LLC now owns 9,535 shares of the social networking company’s stock worth $6,915,000 after buying an additional 385 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Meta Platforms by 27.8% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,543 shares of the social networking company’s stock worth $1,844,000 after buying an additional 553 shares in the last quarter. Westover Capital Advisors LLC grew its position in Meta Platforms by 7.6% during the third quarter. Westover Capital Advisors LLC now owns 9,640 shares of the social networking company’s stock valued at $6,991,000 after acquiring an additional 684 shares during the last quarter. E6 Portfolios LLC purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $200,000. Finally, Peterson Wealth Services lifted its holdings in Meta Platforms by 3.3% in the 3rd quarter. Peterson Wealth Services now owns 7,965 shares of the social networking company’s stock worth $5,776,000 after buying an additional 257 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $640.00, for a total value of $605,440.00. Following the transaction, the chief operating officer directly owned 5,040 shares of the company’s stock, valued at $3,225,600. This represents a 15.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 150,015 shares of company stock worth $102,464,300 in the last three months. 13.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. President Capital upgraded shares of Meta Platforms from a “neutral” rating to a “buy” rating and increased their price target for the stock from $660.00 to $897.00 in a research note on Thursday, September 24th. BNP Paribas Exane lowered their target price on shares of Meta Platforms from $955.00 to $855.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and issued a $700.00 target price on shares of Meta Platforms in a report on Thursday, July 30th. DA Davidson raised their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Finally, Yorkville Ives started coverage on shares of Meta Platforms in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $900.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $833.12.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta settled a teen lawsuit alleging that Instagram and Facebook contributed to addiction, depression and eating disorders. Financial terms were not disclosed, but the agreement removes Meta from an upcoming Los Angeles trial and reduces near-term litigation uncertainty. Reuters settlement report
• Positive Sentiment: Meta’s advertising fundamentals remain strong: recent coverage cited higher ad pricing, rising impressions, improved AI-driven ad conversions and strong engagement. Analysts also see meaningful upside, with one fair-value estimate raised from $813.65 to $848.38 per share. Meta fair value report
• Positive Sentiment: Meta expanded its relationship with Advanced Micro Devices, including a $1 billion equity investment and multi-generation chip co-design for Meta’s AI data centers. The deal may improve access to computing capacity and supplier diversification. AMD and Meta partnership report

Meta Platforms Price Performance

Meta Platforms stock opened at $614.99 on Friday. The company has a fifty day simple moving average of $670.03 and a 200-day simple moving average of $632.26. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.57 trillion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.07 and a beta of 1.19. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $779.82.

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

Meta Platforms Dividend Announcement

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

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.