CoreCap Advisors LLC Has $10.89 Million Holdings in Meta Platforms, Inc. $META

CoreCap Advisors LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 20.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,829 shares of the social networking company’s stock after purchasing an additional 2,504 shares during the period. CoreCap Advisors LLC’s holdings in Meta Platforms were worth $10,891,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in META. Bare Financial Services Inc purchased a new position in Meta Platforms during the second quarter valued at approximately $30,000. Evergreen Private Wealth LLC boosted its stake in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the period. Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms during the 2nd quarter valued at $42,000. Knuff & Co LLC acquired a new position in shares of Meta Platforms in the second quarter worth $44,000. Finally, WFA Asset Management Corp raised its holdings in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after acquiring an additional 20 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $658.69, for a total transaction of $341,860.11. Following the transaction, the insider owned 28,658 shares of the company’s stock, valued at approximately $18,876,738.02. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 580 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $646.00, for a total transaction of $374,680.00. Following the transaction, the director owned 6,167 shares of the company’s stock, valued at approximately $3,983,882. The trade was a 8.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 40,054 shares of company stock valued at $24,799,940 in the last 90 days. 13.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on META. Bank of America dropped their target price on Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada dropped their price objective on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. BNP Paribas Exane began coverage on shares of Meta Platforms in a research report on Monday, November 24th. They set an “outperform” rating and a $800.00 price objective on the stock. Citizens Jmp reissued an “outperform” rating and issued a $900.00 target price (up from $750.00) on shares of Meta Platforms in a research report on Monday, November 24th. Finally, TD Cowen raised their price target on shares of Meta Platforms from $810.00 to $820.00 and gave the company a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $822.96.

More Meta Platforms News

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

• Positive Sentiment: Analyst bullishness — TD Cowen raised its price target on META to $820 and kept a Buy rating, giving investors a near‑term valuation upside narrative amid the recent pullback. Benzinga: TD Cowen price target
• Positive Sentiment: Stronger commercial demand for Ray‑Ban Meta smart glasses — Meta and EssilorLuxottica are reportedly discussing doubling production capacity (10M→20M units, with upside to 30M) this year, signaling product-market fit for AI wearables and potential revenue growth outside advertising. Reuters: doubling Ray‑Ban output
• Positive Sentiment: Executive hire to drive AI strategy — Meta named Dina Powell McCormick as president and vice chair to help steer its AI and infrastructure buildout, a governance move investors see as strengthening execution. Reuters: Dina Powell McCormick joins Meta
• Neutral Sentiment: Strategic repositioning in Reality Labs — Wedbush views the cuts and resource reallocation as a discipline shift toward consumer wearables (and away from broad metaverse bets), which could improve capital efficiency but delays returns. ProactiveInvestors: Wedbush on Reality Labs cuts
• Neutral Sentiment: Energy/infrastructure play — Meta’s Meta Compute and deals (including the Oklo prepayment) to secure gigawatt‑scale baseload power are a long‑term moat for AI scale but lock in very large capex outlays and long timelines. MarketBeat: Meta energy strategy / Oklo
• Negative Sentiment: Reality Labs job cuts and restructuring — Reports say Meta will cut ~10–15% of Reality Labs (1,000–1,500 jobs) as it shifts from VR/metaverse projects to AI wearables; this highlights past capital waste and near‑term restructuring costs that weigh on sentiment. Fox Business: Reality Labs cuts
• Negative Sentiment: CapEx and execution concerns — Meta continues to plan massive capex (Meta Compute, data centers, nuclear prepayments). Some investors fear the pace/scale of spending and execution risk, and high-profile critics (e.g., Michael Burry commentary) amplify downside pressure. Benzinga: Michael Burry critique
• Negative Sentiment: Regulatory noise — Brazil’s antitrust suspension of a WhatsApp policy and Australia account‑removal/teen‑ban issues add jurisdictional regulatory risk that could create headline volatility. TechCrunch: Brazil WhatsApp order

Meta Platforms Price Performance

NASDAQ META opened at $631.09 on Wednesday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a fifty day simple moving average of $641.42 and a 200 day simple moving average of $702.20. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.59 trillion, a P/E ratio of 27.88, a P/E/G ratio of 1.27 and a beta of 1.29.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping 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 firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter last year, the firm posted $6.03 EPS. The business’s quarterly revenue was up 26.2% on a year-over-year basis. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, December 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 9.28%.

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.