Meta Platforms, Inc. $META Holdings Lifted by Principle Wealth Partners LLC

Core Insights - Principle Wealth Partners LLC increased its stake in Meta Platforms by 39.2% in Q2, owning 15,642 shares valued at $11,545,000 [2] - Several institutional investors have recently acquired positions in Meta, with 79.91% of the company's stock owned by institutional investors [3] - Insider Jennifer Newstead sold 519 shares at an average price of $753.00, while COO Javier Olivan sold 517 shares at $749.57, indicating a decrease in their positions [4] - Meta's stock price decreased by 2.7%, with a current market cap of $1.63 trillion and a PE ratio of 28.64 [5] - Meta reported Q3 earnings of $7.25 EPS, exceeding estimates, with revenue of $51.24 billion, a 26.2% year-over-year increase [6] - The company declared a quarterly dividend of $0.525, with a 0.3% dividend yield and a payout ratio of 9.28% [7] - Analysts have a generally positive outlook on Meta, with an average target price of $827.60 and multiple "buy" ratings [9]