1,656 Shares in Meta Platforms, Inc. $META Purchased by Ninepoint Partners LP

Key Points

• Ninepoint Partners LP purchased 1,656 Meta shares during the second quarter, valued at approximately $933,000. Institutional investors collectively own about 79.91% of Meta’s outstanding stock.
• Meta reported quarterly revenue of $60.80 billion, up 28% year over year and ahead of expectations, but earnings per share of $6.18 fell short of the $7.19 consensus estimate.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $788.88, while Meta announced a quarterly dividend of $0.525 per share.

Ninepoint Partners LP bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,656 shares of the social networking company's stock, valued at approximately $933,000.

Other institutional investors have also recently made changes to their positions in the company. Auto Owners Insurance Co raised its position in Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares during the period. Norges Bank bought a new position in shares of Meta Platforms in the fourth quarter worth about $22,152,075,000. Corient Private Wealth LLC lifted its holdings in shares of Meta Platforms by 488.1% in the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company's stock worth $3,608,445,000 after buying an additional 4,537,076 shares in the last quarter. Bank of America Corp DE lifted its stake in Meta Platforms by 14.6% in the 1st quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company's stock worth $12,036,491,000 after purchasing an additional 2,673,494 shares in the last quarter. Finally, Amundi grew its holdings in Meta Platforms by 18.1% during the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company's stock valued at $6,784,873,000 after buying an additional 1,815,017 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $665.60 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $790.80. The firm has a market capitalization of $1.70 trillion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25. The company's 50-day moving average is $602.89 and its 200 day moving average is $608.92.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. During the same quarter last year, the firm earned $7.14 EPS. The firm's quarterly revenue was up 28.0% on a year-over-year basis. Research analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 21st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, September 21st. Meta Platforms's dividend payout ratio is 7.91%.

Meta Platforms News Summary

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

• Positive Sentiment: AI strategy is boosting investor confidence. Goldman Sachs reiterated its bullish view, citing the rollout of Meta’s Muse AI agent and a recent legal settlement as potential catalysts. Analysts also argue that Meta’s valuation remains attractive relative to its growth, with one estimate assigning an $817 price target. Why is Meta stock gaining in premarket today
• Positive Sentiment: Advertising momentum supports earnings expectations. A bullish analysis highlighted second-quarter ad impressions growth of 14% and a 12% increase in average ad prices. Meta’s forward PEG ratio was also described as below both the sector median and its five-year average, suggesting investors may still view the stock as reasonably valued despite its recent rally. Meta Platforms: AI Spending Is Starting To Pay Off
• Positive Sentiment: Meta is benefiting from a shift in AI sentiment. Shares of Meta and Alphabet gained while AI-chip stocks weakened after several AI executives called for a slower approach to developing frontier models. Investors may be favoring Meta because its large user base and advertising business provide diversified ways to monetize AI. Why Google and Meta Stocks Are the Big Winners From the Latest AI Concerns
• Neutral Sentiment: AI investment is creating both opportunity and financial risk. AI-related debt issuance has surged, and Meta is viewed as better positioned than highly leveraged infrastructure providers because of its stronger cash generation. Nevertheless, the scale of data-center spending could pressure free cash flow and increase execution risk. AI-Related Debt Sales Are Near $500 Billion
• Negative Sentiment: Meta faces a proposed class-action lawsuit over smart-glasses privacy. Parents and children in California and Illinois allege that the company’s unreleased “NameTag” facial-recognition feature improperly used Facebook and Instagram data. The case could create legal costs, regulatory scrutiny and reputational damage if the allegations gain traction. Meta Faces Lawsuit Over Smart Glasses Facial Recognition
• Negative Sentiment: Content-moderation and insider-selling headlines add caution. Meta’s Oversight Board urged it not to replace professional fact-checking with Community Notes, while a reported insider stock sale worth about $13 million may weigh modestly on sentiment. These developments raise governance and reputational concerns, although neither necessarily changes Meta’s underlying operating outlook. Oversight Board asks Meta not to replace fact-checking with Community Notes

Analysts Set New Price Targets

Several analysts have recently issued reports on META shares. Susquehanna decreased their price objective on Meta Platforms from $900.00 to $650.00 and set a "positive" rating on the stock in a report on Thursday, July 30th. Sanford C. Bernstein restated an "outperform" rating and issued a $800.00 price target on shares of Meta Platforms in a research report on Thursday, July 30th. Mizuho set a $750.00 price objective on shares of Meta Platforms in a research report on Thursday, July 30th. KeyCorp dropped their price objective on shares of Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of Meta Platforms from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $640.00 to $820.00 in a report on Thursday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $788.88.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 2,838 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $616.71, for a total value of $1,750,222.98. Following the transaction, the chief operating officer directly owned 11,662 shares in the company, valued at $7,192,072.02. This represents a 19.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the sale, the chief financial officer directly owned 13,186 shares of the company's stock, valued at $7,260,343.46. This represents a 41.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 60,183 shares of company stock valued at $36,673,495. Insiders own 13.53% of the company's stock.

Meta Platforms Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

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