843 Meta Platforms, Inc. $META Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.2% during the 3rd quarter, Holdings Channel reports. The fund owned 9,416 shares of the social networking company’s stock after selling 843 shares during the period. Meta Platforms comprises approximately 0.7% of Revolve Wealth Partners LLC’s holdings, making the stock its 27th largest position. Revolve Wealth Partners LLC’s holdings in Meta Platforms were worth $6,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in META. Penney Financial LLC raised its stake in shares of Meta Platforms by 3.9% during the 1st quarter. Penney Financial LLC now owns 399 shares of the social networking company’s stock worth $228,000 after acquiring an additional 15 shares in the last quarter. Barnes Pettey Financial Advisors LLC boosted its position in shares of Meta Platforms by 1.0% in the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 1,519 shares of the social networking company’s stock worth $869,000 after purchasing an additional 15 shares in the last quarter. Bill Few Associates Inc. boosted its position in shares of Meta Platforms by 1.3% in the 3rd quarter. Bill Few Associates Inc. now owns 1,206 shares of the social networking company’s stock worth $874,000 after purchasing an additional 15 shares in the last quarter. Value Partners Investments Inc. grew its stake in shares of Meta Platforms by 1.8% during the third quarter. Value Partners Investments Inc. now owns 866 shares of the social networking company’s stock worth $630,000 after acquiring an additional 15 shares during the last quarter. Finally, CWS Financial Advisors LLC increased its stake in Meta Platforms by 1.7% during the 1st quarter. CWS Financial Advisors LLC now owns 985 shares of the social networking company’s stock valued at $564,000 after purchasing an additional 16 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta settled a teen lawsuit alleging that Instagram and Facebook contributed to addiction, depression and eating disorders. Financial terms were not disclosed, but the agreement removes Meta from an upcoming Los Angeles trial and reduces near-term litigation uncertainty. Reuters settlement report
• Positive Sentiment: Meta’s advertising fundamentals remain strong: recent coverage cited higher ad pricing, rising impressions, improved AI-driven ad conversions and strong engagement. Analysts also see meaningful upside, with one fair-value estimate raised from $813.65 to $848.38 per share. Meta fair value report
• Positive Sentiment: Meta expanded its relationship with Advanced Micro Devices, including a $1 billion equity investment and multi-generation chip co-design for Meta’s AI data centers. The deal may improve access to computing capacity and supplier diversification. AMD and Meta partnership report

Analyst Upgrades and Downgrades

Several analysts have weighed in on META shares. BNP Paribas Exane dropped their price target on Meta Platforms from $955.00 to $855.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $580.00 to $685.00 and gave the company a “market perform” rating in a research note on Thursday, October 22nd. New Street Research decreased their target price on shares of Meta Platforms from $730.00 to $700.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Mizuho increased their price target on Meta Platforms from $750.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, TD Cowen decreased their price objective on Meta Platforms from $865.00 to $850.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Three equities research 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. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $833.12.

Meta Platforms Trading Down 1.5%

Shares of NASDAQ:META opened at $614.99 on Friday. The firm has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The business’s 50 day moving average price is $670.03 and its 200-day moving average price is $632.26. 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 1 year low of $520.26 and a 1 year high of $779.82.

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, beating the consensus estimate of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The business had revenue of $64.60 billion for the quarter, compared to analyst estimates of $63.34 billion. During the same quarter last year, the business earned $7.25 earnings per share. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, equities research analysts forecast 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. Shareholders of record on Monday, September 21st were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms’s payout ratio is 7.16%.

Insider Activity

In other news, COO Javier Olivan sold 946 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $640.00, for a total value of $605,440.00. Following the transaction, the chief operating officer directly owned 5,040 shares of the company’s stock, valued at approximately $3,225,600. This trade represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 150,015 shares of company stock worth $102,464,300 over the last ninety days. 13.53% of the stock is owned by corporate insiders.

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.