1,152 Meta Platforms, Inc. $META Shares Bought by Prosperitas Financial LLC

Prosperitas Financial LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,954 shares of the social networking company’s stock after purchasing an additional 1,152 shares during the quarter. Meta Platforms makes up approximately 3.3% of Prosperitas Financial LLC’s holdings, making the stock its 9th biggest position. Prosperitas Financial LLC’s holdings in Meta Platforms were worth $10,845,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Corient Private Wealth LP grew its holdings in shares of Meta Platforms by 723.1% during the 2nd quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock worth $4,957,946,000 after purchasing an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of Meta Platforms during the second quarter valued at approximately $2,948,486,000. State Street Corp raised its stake in shares of Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after purchasing an additional 3,510,123 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Meta Platforms by 14.6% in the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock valued at $12,036,491,000 after purchasing an additional 2,673,494 shares in the last quarter. Finally, Amundi raised its stake in shares of Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock valued at $6,784,873,000 after purchasing an additional 1,815,017 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Up 1.4%

Shares of NASDAQ:META opened at $630.00 on Thursday. The company has a market capitalization of $1.61 trillion, a P/E ratio of 21.48, a P/E/G ratio of 1.08 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 company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50 day simple moving average is $673.61 and its 200 day simple moving average is $632.21.

Meta Platforms (NASDAQ:META) last announced its 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 return on equity of 30.73% and a net margin of 31.15%. The business had revenue of $64.60 billion during the quarter, compared to analyst estimates of $63.34 billion. During the same period last year, the company earned $7.25 EPS. Meta Platforms’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

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

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $614.15, for a total transaction of $580,985.90. Following the transaction, the chief operating officer directly owned 4,094 shares in the company, valued at approximately $2,514,330.10. This trade represents a 18.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 151,090 shares of company stock worth $103,150,807. Corporate insiders own 13.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on META. Bank of America lifted their price target on shares of Meta Platforms from $810.00 to $845.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Tigress Financial restated a “strong-buy” rating and issued a $945.00 price objective (down from $995.00) on shares of Meta Platforms in a report on Thursday, September 24th. Jefferies Financial Group increased their price target on Meta Platforms from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. President Capital raised Meta Platforms from a “neutral” rating to a “buy” rating and increased their price target for the company from $660.00 to $897.00 in a research note on Thursday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Meta Platforms from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Three 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, the company presently has an average rating of “Moderate Buy” and an average price target of $833.12.

Meta Platforms Company 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.