2,660 Shares in Meta Platforms, Inc. $META Purchased by First Nebraska Trust Co

First Nebraska Trust Co purchased a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,660 shares of the social networking company’s stock, valued at approximately $1,929,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IPG Investment Advisors LLC grew its stake in Meta Platforms by 21.0% during the 3rd quarter. IPG Investment Advisors LLC now owns 20,502 shares of the social networking company’s stock worth $14,868,000 after buying an additional 3,558 shares during the last quarter. ARGA Investment Management LP purchased a new stake in Meta Platforms in the third quarter valued at approximately $47,881,000. Garner Asset Management Corp lifted its stake in Meta Platforms by 1.4% in the third quarter. Garner Asset Management Corp now owns 1,411 shares of the social networking company’s stock valued at $1,023,000 after buying an additional 19 shares during the last quarter. Challenger Wealth Management lifted its stake in Meta Platforms by 8.4% in the third quarter. Challenger Wealth Management now owns 711 shares of the social networking company’s stock valued at $515,000 after buying an additional 55 shares during the last quarter. Finally, Tucker Asset Management LLC boosted its holdings in shares of Meta Platforms by 12.8% in the third quarter. Tucker Asset Management LLC now owns 404 shares of the social networking company’s stock valued at $293,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $610.15 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 20.80, a P/E/G ratio of 1.06 and a beta of 1.28. The company’s fifty day moving average is $674.97 and its two-hundred day moving average is $632.16. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $779.82.

Meta Platforms (NASDAQ:META) last released its earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, topping the consensus estimate of $6.54 by $0.86. The company had revenue of $64.60 billion during the quarter, compared to analysts’ expectations of $63.34 billion. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business earned $7.25 EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta launched Spaces, a collaboration feature for its Muse AI agents, following the rollout of Muse Voice. The new offerings may help strengthen user engagement and expand Meta’s consumer AI ecosystem. Meta introduces Spaces
• Positive Sentiment: Recent earnings commentary points to AI supporting Meta’s advertising operations, reinforcing the potential for the company’s AI investments to generate revenue. Takeaways from recent earnings
• Neutral Sentiment: Meta paused planned updates to its terms and is keeping existing rules in place. The move avoids an immediate policy change, though the underlying issues remain unresolved. Meta pauses planned terms updates
• Neutral Sentiment: Plans for new nonvoting Class C shares have been described as effectively creating a 2-for-1 split. A split changes the number of shares, but does not by itself change the company’s underlying value; the structure preserves Mark Zuckerberg’s voting control. Is Meta Platforms next for a stock split?
• Negative Sentiment: Meta and other platforms sued to block California restrictions on social-media features for users under 16. The case adds regulatory uncertainty and potential legal costs. Platforms sue over California teen social-media law
• Negative Sentiment: Meta warned that political backlash and possible limits on data-center construction could complicate its AI expansion. Its $15 billion senior-notes offering also highlights the scale of financing required for investment. Data-center expansion concerns
• Negative Sentiment: Reported ETF net selling and insider share sales may add short-term pressure, although the disclosed insider transaction was made under a pre-arranged trading plan. ETFs are net sellers of Meta Platforms

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Meta Platforms from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Guggenheim reissued a “buy” rating and set a $850.00 price objective on shares of Meta Platforms in a research report on Thursday, October 22nd. Rosenblatt Securities restated a “buy” rating and issued a $886.00 price objective on shares of Meta Platforms in a research note on Tuesday, October 20th. UBS Group reaffirmed an “outperform” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Thursday, October 22nd. Finally, Moffett Nathanson decreased their target price on shares of Meta Platforms from $800.00 to $740.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $833.12.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $614.15, for a total value of $580,985.90. Following the sale, the chief operating officer owned 4,094 shares of the company’s stock, valued at approximately $2,514,330.10. The trade was a 18.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 149,398 shares of company stock valued at $102,134,435 in the last three months. 13.42% of the stock is owned by company insiders.

Meta Platforms Company 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.