Congress Asset Management Co. Has $249.45 Million Stock Position in Meta Platforms, Inc. $META

Congress Asset Management Co. reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,671 shares of the social networking company’s stock after selling 1,623 shares during the quarter. Meta Platforms comprises approximately 1.7% of Congress Asset Management Co.’s holdings, making the stock its 6th largest position. Congress Asset Management Co.’s holdings in Meta Platforms were worth $249,447,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of META. Vanguard Group Inc. lifted its stake in Meta Platforms by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock worth $142,149,566,000 after purchasing an additional 1,532,568 shares in the last quarter. State Street Corp grew its position in shares of Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock valued at $64,158,971,000 after purchasing an additional 1,650,435 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Meta Platforms by 1.3% in the second quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company’s stock worth $37,902,948,000 after buying an additional 682,768 shares in the last quarter. Finally, Norges Bank bought a new position in Meta Platforms during the second quarter valued at approximately $23,155,393,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.4%

Shares of NASDAQ META opened at $661.50 on Tuesday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.67 trillion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. The business has a fifty day simple moving average of $658.67 and a two-hundred day simple moving average of $707.27.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period last year, the company posted $6.03 earnings per share. Meta Platforms’s revenue was up 26.2% compared to the same quarter last year. Analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th will be paid a $0.525 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 9.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wedbush lowered their target price on Meta Platforms from $920.00 to $880.00 and set an “outperform” rating for the company in a research report on Friday. Barclays decreased their price target on shares of Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Cantor Fitzgerald decreased their target price on shares of Meta Platforms from $830.00 to $720.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a report on Monday, December 15th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $818.59.

Meta Platforms News Summary

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

• Positive Sentiment: Ads Uploader (a third‑party SaaS for scaling Facebook/Instagram campaigns) exits public beta with users in ~30 countries — a signal of growing demand for Meta ad infrastructure and potential to boost ad spend/retention among agencies and brands. Ad Launching Platform Ads Uploader Exits Beta with Users in 30 Countries
• Positive Sentiment: Reports that Meta is preparing a new “Mango” AI model in addition to previously reported models (Avocado) reinforce the company’s pipeline in generative AI — a key growth and ad-monetization catalyst that investors reward. Get Ready for a Fruity Facebook as Meta Preps New Mango AI Model
• Positive Sentiment: Ongoing bullish analyst commentary and media pieces rank Meta among top megacap AI beneficiaries and candidates for further market-cap upside, supporting sentiment that current valuation still has upside if AI boosts ad effectiveness and user engagement. Prediction: These 3 Stocks Will Join the $3 Trillion Club in 2026
• Neutral Sentiment: Technical analysis notes META testing a rising trendline with momentum cooling below resistance near $675 — suggests cautious near-term price action until a clear technical breakout or breakdown. Meta Stock Tests Rising Trendline As Momentum Cools Below $675 Resistance
• Neutral Sentiment: Several articles discuss investor interest, option strategies (FBY high‑yield play), and broader commentary on tech/AI — useful for traders but not company-specific catalysts. FBY: A High-Yield Option Play On Meta Platforms
• Negative Sentiment: Wedbush trimmed its price target on META to $880 from $920, a modestly bearish signal from a sell‑side firm that could pressure sentiment among target‑sensitive investors. Wedbush slashes PT on Meta Platforms (META) to $880 from $920
• Negative Sentiment: Insider selling disclosed: Jennifer Newstead sold ~519 shares (~$333k) at an average ~$643 — not large relative to Meta’s market cap but can be read as a small negative signal by some investors. Insider Selling: Meta Platforms (NASDAQ:META) Insider Sells $333,836.37 in Stock

Insider Activity at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 600 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the completion of the transaction, the director owned 7,347 shares in the company, valued at approximately $4,476,894.45. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 2,610 shares of the stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $1,590,690.60. Following the transaction, the chief operating officer owned 9,784 shares in the company, valued at $5,962,956.64. This represents a 21.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,038 shares of company stock valued at $25,675,535 in the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

About Meta Platforms

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.