Geneva Partners LLC Buys 8,207 Shares of Meta Platforms, Inc. $META

Geneva Partners LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 87.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,615 shares of the social networking company’s stock after buying an additional 8,207 shares during the quarter. Meta Platforms comprises 3.8% of Geneva Partners LLC’s portfolio, making the stock its 5th biggest holding. Geneva Partners LLC’s holdings in Meta Platforms were worth $12,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in META. Barnes Pettey Financial Advisors LLC increased its stake in shares of Meta Platforms by 1.0% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 1,519 shares of the social networking company’s stock worth $869,000 after purchasing an additional 15 shares in the last quarter. Bill Few Associates Inc. raised its position in shares of Meta Platforms by 1.3% during the 3rd quarter. Bill Few Associates Inc. now owns 1,206 shares of the social networking company’s stock valued at $874,000 after purchasing an additional 15 shares during the period. Value Partners Investments Inc. raised its position in shares of Meta Platforms by 1.8% during the 3rd quarter. Value Partners Investments Inc. now owns 866 shares of the social networking company’s stock valued at $630,000 after purchasing an additional 15 shares during the period. CWS Financial Advisors LLC lifted its stake in shares of Meta Platforms by 1.7% during the 1st quarter. CWS Financial Advisors LLC now owns 985 shares of the social networking company’s stock valued at $564,000 after buying an additional 16 shares in the last quarter. Finally, Tenzing Financial LLC lifted its stake in shares of Meta Platforms by 1.3% during the 2nd quarter. Tenzing Financial LLC now owns 1,210 shares of the social networking company’s stock valued at $726,000 after buying an additional 16 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $640.00, for a total value of $605,440.00. Following the sale, the chief operating officer directly owned 5,040 shares in the company, valued at approximately $3,225,600. The trade was a 15.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 150,015 shares of company stock valued at $102,464,300. 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: Meta settled a teen lawsuit alleging that Instagram and Facebook contributed to addiction, depression and eating disorders. Financial terms were not disclosed, but the agreement removes Meta from an upcoming Los Angeles trial and reduces near-term litigation uncertainty. Reuters settlement report
• Positive Sentiment: Meta’s advertising fundamentals remain strong: recent coverage cited higher ad pricing, rising impressions, improved AI-driven ad conversions and strong engagement. Analysts also see meaningful upside, with one fair-value estimate raised from $813.65 to $848.38 per share. Meta fair value report
• Positive Sentiment: Meta expanded its relationship with Advanced Micro Devices, including a $1 billion equity investment and multi-generation chip co-design for Meta’s AI data centers. The deal may improve access to computing capacity and supplier diversification. AMD and Meta partnership report

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on META shares. KeyCorp boosted their price objective on Meta Platforms from $900.00 to $905.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Phillip Securities upgraded Meta Platforms from a “buy” rating to a “strong-buy” rating and cut their target price for the stock from $795.00 to $750.00 in a research report on Monday, August 3rd. Canaccord Genuity Group lifted their target price on Meta Platforms from $930.00 to $950.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Raymond James Financial boosted their price target on Meta Platforms from $650.00 to $860.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 24th. Finally, China Renaissance dropped their price target on Meta Platforms from $825.00 to $700.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Three research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $833.12.

Meta Platforms Price Performance

NASDAQ META opened at $614.99 on Friday. 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 firm’s 50 day moving average price is $670.03 and its 200-day moving average price is $632.26. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $779.82. The company has a market cap of $1.57 trillion, a PE ratio of 20.97, a P/E/G ratio of 1.07 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating the consensus estimate of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The firm 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 EPS. Meta Platforms’s revenue was up 26.1% on a year-over-year basis. Sell-side analysts forecast that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were paid a $0.5250 dividend. 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%. Meta Platforms’s dividend payout ratio is 7.16%.

About Meta Platforms

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.