Partners Wealth Management LLC Makes New Investment in Meta Platforms, Inc. $META

Partners Wealth Management LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 47,672 shares of the social networking company’s stock, valued at approximately $34,571,000. Meta Platforms accounts for approximately 3.6% of Partners Wealth Management LLC’s holdings, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LP increased its position in Meta Platforms by 723.1% during the 2nd quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock worth $4,957,946,000 after purchasing an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC acquired a new position in Meta Platforms during the second quarter valued at approximately $2,948,486,000. State Street Corp lifted its position 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 valued at $51,841,811,000 after buying an additional 3,510,123 shares in the last quarter. Bank of America Corp DE lifted its position in Meta Platforms by 14.6% during the first 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 buying an additional 2,673,494 shares in the last quarter. Finally, Amundi grew its stake in Meta Platforms by 18.1% during the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after buying an additional 1,815,017 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $614.15, for a total transaction of $580,985.90. Following the sale, the chief operating officer directly owned 4,094 shares of the company’s stock, valued at approximately $2,514,330.10. The trade was a 18.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,090 shares of company stock worth $103,150,807 in the last three months. 13.53% of the stock is owned by company insiders.

Meta Platforms News Summary

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 Trading Up 1.4%

NASDAQ META opened at $630.00 on Thursday. The stock has a market cap of $1.61 trillion, a P/E ratio of 21.48, a PEG ratio of 1.08 and a beta of 1.28. The company’s fifty day simple moving average is $673.61 and its 200-day simple moving average is $632.21. The company has a current ratio of 1.90, a quick 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.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $63.34 billion. During the same period last year, the business earned $7.25 EPS. The business’s revenue was up 26.1% on a year-over-year basis. Equities research analysts predict that Meta Platforms, Inc. will post 29.01 EPS 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 paid a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 7.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. New Street Research cut their target price on shares of Meta Platforms from $730.00 to $700.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Scotiabank increased their price target on Meta Platforms from $600.00 to $650.00 and gave the company a “sector perform” rating in a report on Thursday, October 22nd. Wells Fargo & Company lowered their price target on Meta Platforms from $1,000.00 to $995.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Tigress Financial reissued 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. Finally, DA Davidson boosted their price objective on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $833.12.

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.