Meta Platforms, Inc. $META Stock Position Increased by Strategic Planning Group LLC

Strategic Planning Group LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,929 shares of the social networking company’s stock after purchasing an additional 1,231 shares during the quarter. Meta Platforms comprises about 3.2% of Strategic Planning Group LLC’s holdings, making the stock its 9th largest position. Strategic Planning Group LLC’s holdings in Meta Platforms were worth $30,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of 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 worth $51,841,811,000 after buying an additional 3,510,123 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Meta Platforms by 1.3% during the second 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 buying an additional 162,909 shares during the period. Amundi boosted its position 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 acquiring an additional 1,815,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Meta Platforms by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company’s stock worth $5,964,745,000 after acquiring an additional 404,948 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Scotiabank lifted their target price on shares of Meta Platforms from $600.00 to $650.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 22nd. Bank of America increased their price target on Meta Platforms from $810.00 to $845.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada increased their price target on Meta Platforms from $770.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Canaccord Genuity Group raised their price objective on Meta Platforms from $930.00 to $950.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Finally, Wedbush lifted their price objective on Meta Platforms from $700.00 to $730.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $833.12.

Insider Activity at Meta Platforms

In other news, CFO Susan Li sold 9,196 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the sale, the chief financial officer owned 13,186 shares of the company’s stock, valued at $7,260,343.46. This represents a 41.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total value of $2,002,514.40. Following the completion of the sale, the chief accounting officer owned 6,271 shares of the company’s stock, valued at approximately $3,875,854.26. This trade represents a 34.07% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last 90 days. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms News Roundup

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 Performance

NASDAQ:META opened at $620.19 on Wednesday. The firm’s fifty day simple moving average is $665.70 and its 200 day simple moving average is $632.70. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82.

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

Meta Platforms Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st.

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.