Raleigh Capital Management Inc. Sells 878 Shares of Meta Platforms, Inc. $META

Raleigh Capital Management Inc. reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,035 shares of the social networking company’s stock after selling 878 shares during the period. Meta Platforms makes up approximately 0.9% of Raleigh Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Raleigh Capital Management Inc.’s holdings in Meta Platforms were worth $2,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of Meta Platforms by 14.1% during the 3rd quarter. International Assets Investment Management LLC now owns 24,931 shares of the social networking company’s stock worth $18,079,000 after purchasing an additional 3,073 shares in the last quarter. Prosperitas Financial LLC increased its holdings in Meta Platforms by 8.3% in the 3rd quarter. Prosperitas Financial LLC now owns 14,954 shares of the social networking company’s stock valued at $10,845,000 after buying an additional 1,152 shares during the period. Payden & Rygel raised its position in shares of Meta Platforms by 32.6% in the 3rd quarter. Payden & Rygel now owns 31,030 shares of the social networking company’s stock valued at $22,502,000 after buying an additional 7,620 shares in the last quarter. Canopy Partners LLC raised its position in shares of Meta Platforms by 2.5% in the 3rd quarter. Canopy Partners LLC now owns 7,669 shares of the social networking company’s stock valued at $5,561,000 after buying an additional 188 shares in the last quarter. Finally, Cranbrook Wealth Management LLC boosted its position in shares of Meta Platforms by 66.4% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 213 shares of the social networking company’s stock worth $155,000 after acquiring an additional 85 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Key Meta Platforms News

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 Performance

NASDAQ META opened at $630.00 on Thursday. The firm’s fifty day moving average price is $673.61 and its two-hundred day moving average price is $632.21. The stock has a market cap of $1.61 trillion, a PE ratio of 21.48, a PEG ratio of 1.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 1.90. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The company had revenue of $64.60 billion during the quarter, compared to analysts’ expectations of $63.34 billion. During the same period in the prior year, the company earned $7.25 EPS. Meta Platforms’s revenue was up 26.1% compared to the same quarter last year. On average, equities analysts expect 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. Shareholders of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms’s dividend payout ratio is presently 7.16%.

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher Cox sold 40,000 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $712.76, for a total value of $28,510,400.00. Following the completion of the transaction, the insider directly owned 184,516 shares in the company, valued at approximately $131,515,624.16. This trade represents a 17.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $4,379,184.00. Following the sale, the chief technology officer directly owned 828 shares in the company, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 151,090 shares of company stock worth $103,150,807. Company insiders own 13.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Pivotal Research raised their target price on Meta Platforms from $930.00 to $960.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Rothschild & Co Redburn boosted their price target on Meta Platforms from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Piper Sandler dropped their price objective on Meta Platforms from $875.00 to $850.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. UBS Group reaffirmed an “outperform” rating and issued a $920.00 price objective on shares of Meta Platforms in a research note on Thursday, October 22nd. Finally, Citic Securities decreased their target price on Meta Platforms from $770.00 to $718.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Three 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 company has a consensus rating of “Moderate Buy” and an average price target of $833.12.

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.