Meta Platforms, Inc. $META Position Lessened by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 23.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,334 shares of the social networking company’s stock after selling 4,181 shares during the period. Meta Platforms accounts for 1.1% of SeaCrest Wealth Management LLC’s holdings, making the stock its 14th biggest position. SeaCrest Wealth Management LLC’s holdings in Meta Platforms were worth $9,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in META. State Street Corp raised its position 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 acquiring an additional 3,510,123 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Meta Platforms by 1.3% during 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 acquiring an additional 162,909 shares during the period. 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 in 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 in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

More Meta Platforms News

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

• Positive Sentiment: Nvidia partnership validates Meta’s AI strategy: Nvidia plans to invest $3 billion in Meta and expand cooperation on Meta’s Muse AI assistant and model family. Meta is expected to deploy more Nvidia hardware, potentially strengthening Muse’s capabilities and supporting future monetization. Nvidia, Meta partner on Muse agent as Nvidia invests $3 billion
• Positive Sentiment: Core business momentum remains strong: Meta reported quarterly revenue of $64.6 billion, up 26% year over year, and exceeded earnings expectations. Advertising benefited from higher impressions and pricing, while analysts cited Meta’s massive user base and Muse’s potential in commerce, subscriptions and business tools. Analysts Turn Bullish on Meta Platforms Despite Post-Earnings Fall
• Positive Sentiment: Analysts remain constructive: Several analysts raised price targets or maintained bullish ratings, arguing that AI-enhanced advertising and successful adoption of Muse could create significant long-term revenue growth. Meta’s $825B AI Bet Is Massive, But Muse Could Make It Worth It

Meta Platforms Stock Down 1.6%

Shares of Meta Platforms stock opened at $620.19 on Wednesday. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82. The firm’s 50-day moving average price is $665.70 and its 200 day moving average price is $632.70.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 21st. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $0.86. The firm 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 posted $7.25 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, analysts anticipate that Meta Platforms, Inc. will post 28.98 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were given a $0.5250 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on META shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $800.00 price target (down from $850.00) on shares of Meta Platforms in a report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on Meta Platforms from $1,000.00 to $995.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Citizens Jmp restated a “market outperform” rating and issued a $885.00 price objective on shares of Meta Platforms in a research report on Thursday, October 22nd. President Capital upgraded Meta Platforms from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $660.00 to $897.00 in a research report on Thursday, September 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $885.00 target price on shares of Meta Platforms in a research note on Thursday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $833.12.

Insiders Place Their Bets

In related news, CAO Aaron Anderson sold 3,240 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the completion of the sale, the chief accounting officer directly owned 6,271 shares in the company, valued at approximately $3,875,854.26. The trade was a 34.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the stock in a transaction on 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 completion of the transaction, the chief technology officer directly owned 828 shares of the company’s stock, valued at approximately $462,024. This represents 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 90 days, insiders have sold 148,440 shares of company stock valued at $101,456,300. 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.