4,324 Meta Platforms, Inc. $META Shares Sold by Sepio Capital LP

Sepio Capital LP lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 12.2% in the third quarter, Holdings Channel reports. The institutional investor owned 31,070 shares of the social networking company’s stock after selling 4,324 shares during the period. Meta Platforms accounts for approximately 0.9% of Sepio Capital LP’s holdings, making the stock its 20th largest position. Sepio Capital LP’s holdings in Meta Platforms were worth $22,532,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in META. State Street Corp increased its position in Meta Platforms by 4.0% in the 2nd 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 raised 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 acquiring an additional 2,673,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 worth $7,230,426,000 after purchasing an additional 162,909 shares during the period. Amundi lifted its holdings in shares of 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 purchasing an additional 1,815,017 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 404,948 shares during the period. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on META shares. Citic Securities reduced their price objective on shares of Meta Platforms from $770.00 to $718.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Meta Platforms from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $800.00 target price (down from $850.00) on shares of Meta Platforms in a report on Thursday, July 30th. China Renaissance cut their target price on Meta Platforms from $825.00 to $700.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Wedbush upped their price target 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 assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $833.12.

Key Meta Platforms News

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 Down 1.6%

NASDAQ META opened at $620.19 on Wednesday. The business has a 50 day simple moving average of $665.70 and a 200 day simple moving average of $632.70. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $779.82.

Meta Platforms (NASDAQ:META) last issued 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 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 firm posted $7.25 earnings per share. Meta Platforms’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities analysts predict that Meta Platforms, Inc. will post 28.98 EPS for the current year.

Meta Platforms Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 27,474 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $777.44, for a total transaction of $21,359,386.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 629 shares of the stock in a transaction on Monday, October 19th. The stock was sold at an average price of $707.20, for a total transaction of $444,828.80. Following the transaction, the chief operating officer directly owned 947 shares in the company, valued at approximately $669,718.40. This 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 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 company insiders.

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.