Prosperitas Financial LLC Acquires 1,152 Shares of Meta Platforms, Inc. $META

Prosperitas Financial LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,954 shares of the social networking company’s stock after purchasing an additional 1,152 shares during the period. Meta Platforms comprises 3.3% of Prosperitas Financial LLC’s holdings, making the stock its 9th largest position. Prosperitas Financial LLC’s holdings in Meta Platforms were worth $10,845,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Payden & Rygel grew its position in Meta Platforms by 32.6% in the third quarter. Payden & Rygel now owns 31,030 shares of the social networking company’s stock worth $22,502,000 after acquiring an additional 7,620 shares in the last quarter. Canopy Partners LLC raised its position in Meta Platforms by 2.5% during the third quarter. Canopy Partners LLC now owns 7,669 shares of the social networking company’s stock valued at $5,561,000 after purchasing an additional 188 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in Meta Platforms by 66.4% during the third quarter. Cranbrook Wealth Management LLC now owns 213 shares of the social networking company’s stock valued at $155,000 after purchasing an additional 85 shares in the last quarter. Brian Low Financial Group LLC boosted its holdings in shares of Meta Platforms by 4.7% in the 3rd quarter. Brian Low Financial Group LLC now owns 5,554 shares of the social networking company’s stock worth $4,028,000 after purchasing an additional 249 shares in the last quarter. Finally, CHICAGO TRUST Co NA boosted its holdings in shares of Meta Platforms by 6.9% in the 3rd quarter. CHICAGO TRUST Co NA now owns 8,536 shares of the social networking company’s stock worth $6,190,000 after purchasing an additional 550 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, CFO Susan J. Li sold 9,196 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the transaction, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at $7,260,343.46. This trade represents a 41.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher K. Cox sold 40,000 shares of Meta Platforms stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $712.76, for a total transaction of $28,510,400.00. Following the completion of the sale, the insider owned 184,516 shares of the company’s stock, valued at $131,515,624.16. This trade represents a 17.82% 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. Over the last ninety days, insiders have sold 151,090 shares of company stock valued at $103,150,807. 13.53% of the stock is owned by company insiders.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta acquired Conductor, a startup whose AI agents can work in parallel to build software projects. The deal adds AI coding capabilities, though financial terms were not disclosed. TechCrunch: Meta acquires AI coding startup Conductor
• Positive Sentiment: Investor demand for Meta’s bond offerings was strong: reports said orders for its U.S. sale reached about $58 billion. That suggests investors are willing to finance the company’s AI expansion. Reuters: Meta draws record orders for debut euro bond sale
• Positive Sentiment: Arista Networks said Meta remains one of its customers accounting for more than 10% of revenue, highlighting Meta’s role in demand for AI data-center infrastructure. Arista Networks Cashes In on the AI Infrastructure Build
• Neutral Sentiment: COO Javier Olivan reported stock sales under a pre-arranged Rule 10b5-1 plan. The planned nature of the transactions makes them less informative as a signal about management’s near-term outlook. SEC insider ownership filing
• Negative Sentiment: Meta is raising billions through U.S. and euro bond sales to fund AI infrastructure and expansion. One report said the company agreed to pay 7.5% on 30-year debt, pointing to a substantial financing cost as investment spending grows. Meta Just Paid 7.5% to Borrow for 30 Years

Meta Platforms Stock Up 1.4%

META stock opened at $630.00 on Thursday. The business has a 50 day moving average of $673.61 and a 200 day moving average of $632.21. The firm has a market cap of $1.61 trillion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month 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 posted its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. The firm had revenue of $64.60 billion for the quarter, compared to analysts’ expectations of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm earned $7.25 EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced 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 currently 7.16%.

Analyst Ratings Changes

Several brokerages have commented on META. UBS Group restated an “outperform” rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Thursday, October 22nd. China Renaissance decreased their target price on Meta Platforms from $825.00 to $700.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Wedbush raised their target price on Meta Platforms from $700.00 to $730.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd. President Capital upgraded Meta Platforms from a “neutral” rating to a “buy” rating and lifted their price target for the company from $660.00 to $897.00 in a research report on Thursday, September 24th. Finally, Piper Sandler reduced their price target on Meta Platforms from $875.00 to $850.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $833.12.

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.