1,231 Meta Platforms, Inc. $META Shares Purchased by Strategic Planning Group LLC

Strategic Planning Group LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,929 shares of the social networking company’s stock after buying an additional 1,231 shares during the period. Meta Platforms comprises approximately 3.2% of Strategic Planning Group LLC’s holdings, making the stock its 9th biggest holding. Strategic Planning Group LLC’s holdings in Meta Platforms were worth $30,407,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in META. Corient Private Wealth LP grew its stake in shares of Meta Platforms by 723.1% during the second quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock valued at $4,957,946,000 after acquiring an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of Meta Platforms in the second quarter worth about $2,948,486,000. State Street Corp lifted its stake in shares of Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock worth $51,841,811,000 after acquiring an additional 3,510,123 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Meta Platforms by 14.6% in the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock worth $12,036,491,000 after acquiring an additional 2,673,494 shares in the last quarter. Finally, Amundi boosted its holdings in Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock valued at $6,784,873,000 after purchasing an additional 1,815,017 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,848 shares of the stock in a transaction that occurred 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 sale, the chief technology officer directly owned 828 shares in the company, valued at approximately $462,024. This represents a 90.46% 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. Also, CFO Susan Li sold 9,196 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $7,260,343.46. This trade represents a 41.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 148,440 shares of company stock valued at $101,456,300. 13.53% of the stock is owned by insiders.

Meta Platforms Stock Down 1.6%

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

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 21st. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.54 by $0.86. The business had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. During the same period in the prior year, the business earned $7.25 EPS. The business’s revenue was up 26.1% on a year-over-year basis. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 28.98 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were issued a dividend of $0.5250 per share. 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%.

Trending Headlines about Meta Platforms

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

Wall Street Analyst Weigh In

META has been the subject of a number of recent analyst reports. Phillip Securities upgraded Meta Platforms from a “buy” rating to a “strong-buy” rating and lowered their price objective for the company from $795.00 to $750.00 in a research note on Monday, August 3rd. Evercore reaffirmed an “outperform” rating on shares of Meta Platforms in a research report on Thursday, October 22nd. Rothschild & Co Redburn increased their target price on Meta Platforms from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Loop Capital increased their target price on Meta Platforms from $740.00 to $955.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Finally, Citigroup raised their price target on shares of Meta Platforms from $895.00 to $905.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.