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

Parcion Private Wealth LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 38.7% in the 3rd quarter, HoldingsChannel.com reports. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advantage Trust Co purchased a new position in shares of Meta Platforms in the second quarter worth $28,000. Philadelphia Investment Partners LLC bought a new stake in Meta Platforms during the 2nd quarter valued at $32,000. Horizons Wealth Management purchased a new stake in Meta Platforms during the 3rd quarter valued at $33,000. Axiom Investment Management LLC purchased a new stake in Meta Platforms during the 1st quarter valued at $36,000. Finally, Schuylkill Financial LLC bought a new stake in Meta Platforms in the 2nd quarter worth $36,000. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on META shares. 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 research report on Thursday, September 24th. Citigroup increased their target price on shares of Meta Platforms from $895.00 to $905.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. DA Davidson raised their target price on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. KeyCorp boosted their price target on Meta Platforms from $900.00 to $905.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Finally, Morgan Stanley upped their price target on Meta Platforms from $775.00 to $820.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Three 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 company has an average rating of “Moderate Buy” and a consensus price target of $833.12.

Meta Platforms Trading Up 1.4%

META opened at $630.00 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.30. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82. 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 business has a 50 day moving average of $673.61 and a 200-day moving average of $632.21.

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

Meta Platforms Dividend Announcement

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

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $614.15, for a total value of $580,985.90. Following the completion of the transaction, the chief operating officer directly owned 4,094 shares in the company, valued at $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 available through this hyperlink. 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 valued at $103,150,807. 13.53% of the stock is owned by corporate insiders.

Key Stories Impacting Meta Platforms

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 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.