Meta Platforms, Inc. $META Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,545 shares of the social networking company’s stock after purchasing an additional 2,301 shares during the quarter. Meta Platforms makes up about 2.0% of New York Life Investment Management LLC’s portfolio, making the stock its 7th biggest holding. New York Life Investment Management LLC’s holdings in Meta Platforms were worth $218,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its stake in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. 1776 Wealth LLC grew its holdings in Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after purchasing an additional 675 shares during the period. Smart Money Group LLC grew its holdings in Meta Platforms by 20.4% during the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock worth $1,182,000 after purchasing an additional 348 shares during the period. Finally, Spear Holdings RSC Ltd acquired a new position in Meta Platforms during the first quarter worth approximately $37,463,000. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank Of Canada decreased their target price on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Truist Financial decreased their price objective on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. KeyCorp dropped their price objective on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Monness Crespi & Hardt decreased their price target on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Citizens Jmp raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $628.00, for a total value of $325,932.00. Following the transaction, the insider directly owned 27,237 shares of the company’s stock, valued at $17,104,836. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,798 shares of company stock valued at $58,347,026 over the last quarter. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $621.71 on Friday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company’s 50 day moving average price is $726.22 and its two-hundred day moving average price is $701.11. The firm has a market cap of $1.56 trillion, a PE ratio of 27.46, a PEG ratio of 1.37 and a beta of 1.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is 9.28%.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.