Meta Platforms, Inc. $META Stock Holdings Reduced by Kelleher Financial Advisors

Kelleher Financial Advisors reduced its position in Meta Platforms, Inc. (NASDAQ:META) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,156 shares of the social networking company’s stock after selling 1,003 shares during the quarter. Meta Platforms makes up approximately 1.8% of Kelleher Financial Advisors’ portfolio, making the stock its 11th biggest position. Kelleher Financial Advisors’ holdings in Meta Platforms were worth $6,639,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of META. Advantage Trust Co purchased a new position in shares of Meta Platforms in the second quarter valued at approximately $28,000. Philadelphia Investment Partners LLC acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $32,000. Horizons Wealth Management acquired a new position in shares of Meta Platforms in the third quarter valued at approximately $33,000. Axiom Investment Management LLC acquired a new position in shares of Meta Platforms in the first quarter valued at approximately $36,000. Finally, Schuylkill Financial LLC purchased a new stake in Meta Platforms during the 2nd quarter worth approximately $36,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on META. Arete Research increased their target price on shares of Meta Platforms from $735.00 to $806.00 and gave the stock a “buy” rating in a report on Wednesday, September 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $885.00 price target on shares of Meta Platforms in a research report on Thursday, October 22nd. Robert W. Baird dropped their price target on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. UBS Group reaffirmed an “outperform” rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Thursday, October 22nd. Finally, Daiwa Securities Group cut their price objective on Meta Platforms from $790.00 to $687.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $833.12.

Meta Platforms Stock Up 5.1%

Shares of NASDAQ:META opened at $641.37 on Tuesday. The firm’s 50 day moving average price is $676.23 and its 200 day moving average price is $632.30. The stock has a market cap of $1.64 trillion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.09 and a beta of 1.28. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.30.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. During the same quarter in the previous year, the firm earned $7.25 earnings per share. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, equities research analysts predict that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were given a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms’s payout ratio is 7.16%.

More Meta Platforms News

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

• Positive Sentiment: JPMorgan added Meta to its Analyst Focus List as a preferred internet stock, citing the strength of AI-powered advertising and potential new monetization opportunities. The endorsement helped lift shares. Article: Meta stock surges over 5% today: here’s why
• Positive Sentiment: Meta released Muse Ember, a lightweight, cost-efficient AI model built for agent tasks such as coding and document processing. Investors may see it as a step toward expanding AI capabilities efficiently. Article: Meta releases Muse Ember
• Neutral Sentiment: Meta is expanding AI age-estimation technology globally on Instagram to identify teen users and apply Teen Account protections. The rollout could help address safety concerns, but comes amid multiple lawsuits alleging harm to teens. Article: Meta expands Instagram’s AI age-guessing tech globally
• Negative Sentiment: Investor concerns remain about the scale of Meta’s AI investment: a recent analysis noted that free cash flow turned negative last quarter. Heavy spending could weigh on returns if AI monetization does not keep pace. Article: Meta Platforms Stock: Is it a Steal of a Deal at $650?

Insider Activity

In related news, COO Javier Olivan sold 946 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $614.15, for a total transaction of $580,985.90. Following the completion of the transaction, the chief operating officer owned 4,094 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 149,398 shares of company stock worth $102,134,435. 13.42% of the stock is currently owned by insiders.

Meta Platforms Profile

Meta Platforms, Inc is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world.

The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta’s business, with its platforms providing tools for businesses to promote products and services.

Founded in 2004 as Facebook by Mark Zuckerberg and fellow students, the company changed its name to Meta Platforms in 2021 to reflect its broader focus on building social technologies and immersive digital experiences.