Meta Platforms, Inc. $META Shares Purchased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,891 shares of the social networking company’s stock after acquiring an additional 2,733 shares during the quarter. Meta Platforms comprises about 0.9% of GRIMES & Co WEALTH MANAGEMENT LLC’s investment portfolio, making the stock its 20th largest holding. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Meta Platforms were worth $37,373,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Meta Platforms by 0.8% in the second quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock valued at $142,149,566,000 after purchasing an additional 1,532,568 shares during the period. State Street Corp grew its holdings in Meta Platforms by 1.9% in the 2nd 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 in the last quarter. Geode Capital Management LLC grew its holdings in Meta Platforms by 1.3% in the 2nd 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. Norges Bank acquired a new stake in Meta Platforms in the 2nd quarter valued at approximately $23,155,393,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Meta Platforms by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,489,621 shares of the social networking company’s stock valued at $10,694,644,000 after acquiring an additional 262,550 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms News Roundup

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 Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $658.69, for a total value of $341,860.11. Following the completion of the transaction, the insider owned 28,658 shares in the company, valued at $18,876,738.02. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $653.00, for a total value of $337,601.00. Following the completion of the transaction, the chief operating officer directly owned 11,166 shares in the company, valued at $7,291,398. This represents a 4.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 40,115 shares of company stock valued at $24,741,055 over the last three months. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 2.6%

NASDAQ META opened at $604.12 on Wednesday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a market capitalization of $1.52 trillion, a P/E ratio of 26.68, a PEG ratio of 1.22 and a beta of 1.29. The company’s 50 day simple moving average is $640.33 and its 200 day simple moving average is $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 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. The firm had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.03 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Cowen increased their price target on Meta Platforms from $810.00 to $820.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Canaccord Genuity Group reiterated a “buy” rating and issued a $900.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Wall Street Zen cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald increased their price objective on shares of Meta Platforms from $720.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $821.07.

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.