NBT Bank N.A. Makes New Investment in Meta Platforms, Inc. $META

NBT Bank N.A. acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,026 shares of the social networking company’s stock, valued at approximately $6,545,000.

Several other institutional investors and hedge funds have also modified their holdings of META. Root Financial Partners LLC lifted its stake in shares of Meta Platforms by 7.9% in the 3rd quarter. Root Financial Partners LLC now owns 9,611 shares of the social networking company’s stock valued at $6,970,000 after acquiring an additional 704 shares during the last quarter. Precedent Wealth Partners LLC boosted its holdings in shares of Meta Platforms by 9.0% during the 3rd quarter. Precedent Wealth Partners LLC now owns 1,269 shares of the social networking company’s stock valued at $920,000 after acquiring an additional 105 shares in the last quarter. Boothe Investment Group Inc. boosted its holdings in shares of Meta Platforms by 5.6% during the 3rd quarter. Boothe Investment Group Inc. now owns 12,537 shares of the social networking company’s stock valued at $9,091,000 after acquiring an additional 663 shares in the last quarter. E. Ohman J or Asset Management AB raised its position in Meta Platforms by 0.8% in the third quarter. E. Ohman J or Asset Management AB now owns 98,158 shares of the social networking company’s stock valued at $71,182,000 after purchasing an additional 737 shares during the last quarter. Finally, Marion Wealth Management raised its position in Meta Platforms by 3.4% in the third quarter. Marion Wealth Management now owns 7,928 shares of the social networking company’s stock valued at $5,749,000 after purchasing an additional 260 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on META shares. Barclays boosted their price target on Meta Platforms from $780.00 to $880.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Weiss Ratings upgraded shares of Meta Platforms from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Meta Platforms from $920.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Wells Fargo & Company cut their target price on shares of Meta Platforms from $1,000.00 to $995.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Finally, HSBC reduced their target price on shares of Meta Platforms from $905.00 to $830.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $833.12.

Insider Buying and Selling at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,848 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the sale, the chief technology officer owned 828 shares in the company, valued at approximately $462,024. This represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $777.44, for a total value of $21,359,386.56. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 148,440 shares of company stock worth $101,456,300. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Shares of META stock opened at $620.19 on Wednesday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $779.82. The stock has a 50-day moving average of $665.70 and a 200-day moving average of $632.70.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 21st. The social networking company reported $7.40 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $7.25 earnings per share. Meta Platforms’s revenue was up 26.1% compared to the same quarter last year. Research analysts expect that Meta Platforms, Inc. will post 28.98 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were paid a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st.

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 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.