Meta Platforms, Inc. $META Position Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,931 shares of the social networking company’s stock after acquiring an additional 3,073 shares during the period. International Assets Investment Management LLC’s holdings in Meta Platforms were worth $18,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in META. State Street Corp lifted its stake in Meta Platforms by 4.0% during 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 last quarter. Bank of America Corp DE boosted its holdings 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 valued at $12,036,491,000 after purchasing an additional 2,673,494 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Meta Platforms by 1.3% in the 2nd 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 purchasing an additional 162,909 shares in the last quarter. Amundi increased its stake 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 valued at $6,784,873,000 after purchasing an additional 1,815,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Meta Platforms by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company’s stock valued at $5,964,745,000 after purchasing an additional 404,948 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher Cox sold 40,000 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $712.76, for a total value of $28,510,400.00. Following the completion of the transaction, the insider directly owned 184,516 shares in the company, valued at approximately $131,515,624.16. This trade represents a 17.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $4,379,184.00. Following the sale, the chief technology officer directly owned 828 shares in the company, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 151,090 shares of company stock worth $103,150,807. Company insiders own 13.53% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $630.00 on Thursday. The firm’s fifty day moving average price is $673.61 and its two-hundred day moving average price is $632.21. The stock has a market cap of $1.61 trillion, a PE ratio of 21.48, a PEG ratio of 1.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 1.90. 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 announced its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The company had revenue of $64.60 billion during the quarter, compared to analysts’ expectations of $63.34 billion. During the same period in the prior year, the company earned $7.25 EPS. Meta Platforms’s revenue was up 26.1% compared to the same quarter last year. On average, equities analysts expect that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings raised Meta Platforms from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $885.00 price objective on shares of Meta Platforms in a research note on Thursday, October 22nd. DZ Bank reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Thursday, July 30th. Robert W. Baird decreased their target price on Meta Platforms from $830.00 to $750.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $885.00 target price on shares of Meta Platforms in a research note on Thursday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $833.12.

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 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.