Allen Capital Group LLC Lowers Holdings in Meta Platforms, Inc. $META

Allen Capital Group LLC lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.9% during the third quarter, HoldingsChannel reports. The firm owned 14,445 shares of the social networking company’s stock after selling 1,243 shares during the period. Meta Platforms accounts for approximately 1.0% of Allen Capital Group LLC’s holdings, making the stock its 27th largest holding. Allen Capital Group LLC’s holdings in Meta Platforms were worth $10,608,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Meta Platforms during the 2nd quarter worth about $23,155,393,000. Laurel Wealth Advisors LLC increased its stake in Meta Platforms by 73,443.1% in the second quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company’s stock valued at $6,212,506,000 after acquiring an additional 8,405,558 shares during the period. State Street Corp grew its stake in 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 worth $64,158,971,000 after buying an additional 1,650,435 shares during the last quarter. Vanguard Group Inc. increased its position 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 valued at $142,149,566,000 after acquiring an additional 1,532,568 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Meta Platforms by 103.5% during the 2nd quarter. Corient Private Wealth LLC now owns 1,998,624 shares of the social networking company’s stock worth $1,475,166,000 after acquiring an additional 1,016,667 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META opened at $604.12 on Wednesday. The company has a market cap of $1.52 trillion, a PE ratio of 26.68, a P/E/G ratio of 1.22 and a beta of 1.29. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a 50-day moving average of $640.33 and a 200-day moving average of $698.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

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

Meta Platforms Announces Dividend

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

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Threads’ mobile daily users have reportedly passed X, indicating stronger engagement that could help ad monetization and user-growth narrative. Read More.
• Positive Sentiment: Instagram is shifting most ad inventory into Reels (over half of Instagram ads in 2025), supporting the company’s short‑form video monetization strategy. Read More.

Insider Activity

In related news, Director Robert M. Kimmitt sold 600 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $609.35, for a total transaction of $365,610.00. Following the transaction, the director owned 7,347 shares in the company, valued at $4,476,894.45. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 2,610 shares of the company’s stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the completion of the sale, the chief operating officer owned 9,784 shares in the company, valued at approximately $5,962,956.64. This trade represents a 21.06% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,115 shares of company stock valued at $24,741,055. 13.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on META shares. Roth Capital reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Thursday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Mizuho lowered their price objective on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Citigroup reissued a “buy” rating on shares of Meta Platforms in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada decreased their target price on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $821.07.

Meta Platforms 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.