Meta Platforms, Inc. $META Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 31.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,371 shares of the social networking company’s stock after purchasing an additional 33,886 shares during the quarter. Meta Platforms comprises approximately 0.9% of Vise Technologies Inc.’s investment portfolio, making the stock its 23rd largest holding. Vise Technologies Inc.’s holdings in Meta Platforms were worth $103,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its holdings in Meta Platforms by 4.0% during the 2nd 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 in the last quarter. Bank of America Corp DE boosted its holdings in Meta Platforms by 14.6% during the 1st quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock worth $12,036,491,000 after acquiring an additional 2,673,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 worth $7,230,426,000 after acquiring an additional 162,909 shares in the last quarter. Amundi increased its stake in 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 buying an additional 1,815,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 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 buying an additional 404,948 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 4.0%

Shares of NASDAQ:META opened at $605.08 on Friday. The firm has a fifty day moving average price of $674.18 and a two-hundred day moving average price of $632.13. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $779.82.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 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 company had revenue of $64.60 billion during the quarter, compared to analyst estimates of $63.34 billion. During the same quarter in the previous year, the firm earned $7.25 earnings per share. Meta Platforms’s revenue was up 26.1% on a year-over-year basis. Analysts anticipate that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were given a $0.5250 dividend. 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 presently 7.16%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction that occurred 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 151,090 shares of company stock valued at $103,150,807 over the last ninety days. 13.53% of the stock is owned by corporate insiders.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta made its Muse Voice AI available to U.S. users, including voice and video conversations with its consumer AI agent. Wider access could help the company build engagement with its AI products. Meta says US users can now video chat with their Muse AI avatar
• Positive Sentiment: Meta acquired Conductor, a startup that uses multiple AI agents to help build software projects, adding technology and talent to its AI development efforts. Meta acquires AI coding startup Conductor
• Neutral Sentiment: Meta completed a $15 billion senior-notes offering. Strong investor demand supports its ability to raise funds, but the borrowing adds to scrutiny of the cost of financing its AI expansion. Meta Platforms Completes $15 Billion Senior Notes Offering
• Negative Sentiment: Meta, Google and TikTok sued California’s attorney general to block a law restricting features considered addictive for users under 16. The legal challenge highlights continuing regulatory and litigation exposure around youth safety. Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Meta’s president warned that political and community opposition over data-center power and water use could make new facilities harder to build. That could complicate the infrastructure buildout needed to support AI growth. Meta warns election backlash against data centers could make AI expansion harder
• Negative Sentiment: Coverage of Meta’s debut euro bond sale pointed to borrowing costs above Alphabet’s, adding to investor concern about the expense of funding the company’s large AI spending plans. Meta Paid 1.4 Times What Alphabet Did to Borrow in Euros
• Negative Sentiment: Delhi Police filed a case concerning child sexual abuse material on Meta’s platforms after intervention by India’s child-rights authorities, creating potential reputational and legal risk. Child Abuse Material On Meta Platforms Flagged, Delhi Police Files FIR After NHRC Intervention

Wall Street Analyst Weigh In

A number of analysts recently commented on META shares. Daiwa Securities Group decreased their price target on Meta Platforms from $790.00 to $687.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Royal Bank Of Canada increased their target price on shares of Meta Platforms from $770.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Citic Securities reduced their price objective on Meta Platforms from $770.00 to $718.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Piper Sandler dropped their price target on Meta Platforms from $875.00 to $850.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $886.00 price target on shares of Meta Platforms in a research note on Tuesday, October 20th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price 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.