31,415 Meta Platforms, Inc. $META Shares Sold by Investment House LLC

Investment House LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 19.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,657 shares of the social networking company’s stock after selling 31,415 shares during the period. Meta Platforms accounts for approximately 4.1% of Investment House LLC’s portfolio, making the stock its 4th biggest holding. Investment House LLC’s holdings in Meta Platforms were worth $94,024,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Corient Private Wealth LP increased its position in Meta Platforms by 723.1% in 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 buying an additional 7,732,446 shares during the period. Jupiter Topco LLC bought a new stake in shares of Meta Platforms in the second quarter valued at approximately $2,948,486,000. State Street Corp boosted 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 valued at $51,841,811,000 after acquiring an additional 3,510,123 shares during the period. Bank of America Corp DE boosted its position in shares of Meta Platforms by 14.6% in 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 acquiring an additional 2,673,494 shares during the period. Finally, Amundi grew its stake in shares of Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after acquiring an additional 1,815,017 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on META shares. CICC Research dropped their target price on shares of Meta Platforms from $773.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Morgan Stanley increased their price target on shares of Meta Platforms from $775.00 to $820.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Canaccord Genuity Group increased their price target on shares of Meta Platforms from $930.00 to $950.00 and gave the company a “buy” rating in a report on Friday, September 25th. Benchmark restated a “hold” rating on shares of Meta Platforms in a research report on Thursday, August 27th. Finally, Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Thursday, August 27th. Three investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $833.12.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 27,474 shares of Meta Platforms stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $777.44, for a total transaction of $21,359,386.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 629 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $707.20, for a total transaction of $444,828.80. Following the completion of the transaction, the chief operating officer owned 947 shares in the company, valued at approximately $669,718.40. This trade represents a 39.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 148,440 shares of company stock valued at $101,456,300 in the last quarter. 13.53% of the stock is currently owned by corporate insiders.

Key Stories Impacting Meta Platforms

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 Trading Down 1.6%

Shares of NASDAQ:META opened at $620.19 on Wednesday. The business’s fifty day moving average price is $665.70 and its two-hundred day moving average price is $632.70. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 21st. The social networking company reported $7.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. The company had revenue of $64.60 billion for the quarter, compared to the consensus estimate of $63.34 billion. During the same period in the previous year, the business posted $7.25 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. Sell-side analysts predict that Meta Platforms, Inc. will post 28.98 EPS for the current year.

Meta Platforms Dividend Announcement

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 dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%.

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.