Greenleaf Trust lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,190 shares of the social networking company’s stock after selling 917 shares during the quarter. Meta Platforms makes up approximately 0.7% of Greenleaf Trust’s portfolio, making the stock its 14th biggest position. Greenleaf Trust’s holdings in Meta Platforms were worth $79,453,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Yoder Wealth Management Inc. raised its holdings in Meta Platforms by 5.1% during the 3rd quarter. Yoder Wealth Management Inc. now owns 1,760 shares of the social networking company’s stock valued at $1,293,000 after buying an additional 85 shares during the last quarter. Augustine Asset Management Inc. increased its position in shares of Meta Platforms by 8.4% in the third quarter. Augustine Asset Management Inc. now owns 1,630 shares of the social networking company’s stock valued at $1,197,000 after acquiring an additional 126 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Meta Platforms by 0.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 18,688 shares of the social networking company’s stock valued at $13,724,000 after acquiring an additional 138 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Meta Platforms by 8.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 1,226 shares of the social networking company’s stock worth $900,000 after purchasing an additional 100 shares during the period. Finally, Forza Wealth Management LLC grew its stake in shares of Meta Platforms by 3.9% in the third quarter. Forza Wealth Management LLC now owns 402 shares of the social networking company’s stock worth $295,000 after purchasing an additional 15 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta named Dina Powell McCormick as president and vice chair, a senior hire expected to help execute its large AI and infrastructure agenda. This adds experienced deal‑making and political connections to management. Reuters: Dina Powell joins Meta
- Positive Sentiment: Meta launched “Meta Compute” and reiterated plans to build gigawatt‑scale AI compute capacity — a strategic move to control AI infrastructure and product differentiation long term. Reuters: Meta Compute
- Positive Sentiment: Meta agreed to prepay/partner on large nuclear and energy projects (e.g., Oklo/Vistra) to secure baseload power for AI data centers — this reduces long‑term operating risk from grid constraints and could create a durable competitive moat. MarketBeat: Meta and Oklo energy deal
- Positive Sentiment: Analyst coverage remains constructive: Wells Fargo kept an overweight stance while slightly tweaking its price target, signaling continued analyst confidence in the multi‑year story. Benzinga: Wells Fargo note
- Neutral Sentiment: Meta rolled out a new performance program (“Checkpoint”) to reward top performers—could improve productivity but is mainly an HR/retention change. BI: Checkpoint program
- Neutral Sentiment: Meta adjusted WhatsApp policy scope in some markets (e.g., excluding Italy from a rival‑chatbot ban) — an operational compliance tweak that reduces friction in that market. Reuters: Italy exclusion
- Negative Sentiment: Meta plans cuts of roughly 10–15% of Reality Labs staff and other Reality Labs layoffs were reported — signals that metaverse businesses remain a drag and that near‑term restructuring / impairment risk remains. Reuters: Reality Labs cuts
- Negative Sentiment: Brazil’s antitrust authority opened an investigation and suspended new WhatsApp Business terms — adding regulatory/legal risk and potential product friction in a large market. Reuters: Brazil probe
- Negative Sentiment: Meta removed ~550k accounts in Australia to comply with an under‑16 ban and publicly urged policy rethink — regulatory actions and user‑coverage limits create near‑term user growth and PR headwinds. Yahoo: Australia under‑16 ban
Meta Platforms Trading Down 1.7%
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the previous year, the firm earned $6.03 EPS. Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were issued a dividend of $0.525 per share. The ex-dividend date was 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 Analysts Forecast Growth
A number of research analysts have commented on the company. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Piper Sandler reduced their target price on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. UBS Group raised their price target on Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $870.00 price objective (down from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $822.73.
View Our Latest Stock Analysis on Meta Platforms
Insider Activity
In related news, Director Robert M. Kimmitt sold 580 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $646.00, for a total value of $374,680.00. Following the completion of the transaction, the director directly owned 6,167 shares in the company, valued at $3,983,882. The trade was a 8.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $650.41, for a total value of $336,261.97. Following the sale, the chief operating officer owned 11,683 shares in the company, valued at approximately $7,598,740.03. This represents a 4.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,519 shares of company stock worth $25,133,331 over the last 90 days. 13.61% of the stock is currently owned by insiders.
Meta Platforms Company Profile
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.
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