Meta Platforms, Inc. $META Shares Acquired by Parcion Private Wealth LLC

Parcion Private Wealth LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 38.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,244 shares of the social networking company’s stock after acquiring an additional 2,302 shares during the period. Parcion Private Wealth LLC’s holdings in Meta Platforms were worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings 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 worth $51,841,811,000 after purchasing an additional 3,510,123 shares during the period. Bank of America Corp DE boosted its stake in Meta Platforms by 14.6% during 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 buying an additional 2,673,494 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Meta Platforms by 1.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company’s stock valued at $7,230,426,000 after buying an additional 162,909 shares during the period. Amundi grew its position in Meta Platforms by 18.1% during the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after buying an additional 1,815,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Meta Platforms by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company’s stock worth $5,964,745,000 after buying an additional 404,948 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Meta Platforms News

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 Stock Performance

Shares of NASDAQ META opened at $630.00 on Thursday. The stock’s 50-day moving average is $673.61 and its 200 day moving average is $632.21. The stock has a market cap of $1.61 trillion, a price-to-earnings 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 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 issued 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 quarter in the prior year, the firm earned $7.25 earnings per share. Meta Platforms’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed 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 of this dividend 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 is 7.16%.

Insider Activity

In related news, COO Javier Olivan sold 946 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $614.15, for a total transaction of $580,985.90. Following the transaction, the chief operating officer owned 4,094 shares of the company’s stock, valued at approximately $2,514,330.10. This trade represents a 18.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 valued at $103,150,807. 13.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

META has been the topic of a number of research analyst reports. Phillip Securities upgraded Meta Platforms from a “buy” rating to a “strong-buy” rating and decreased their target price for the stock from $795.00 to $750.00 in a research note on Monday, August 3rd. BNP Paribas Exane cut their price objective on Meta Platforms from $955.00 to $855.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $800.00 price objective (down from $850.00) on shares of Meta Platforms in a report on Thursday, July 30th. Rothschild & Co Redburn upped their price objective on shares of Meta Platforms from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Truist Financial raised their target price on shares of Meta Platforms from $763.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.