3,988 Shares in Meta Platforms, Inc. $META Purchased by Liberty Capital Management Inc.

Key Points

• Liberty Capital Management acquired 3,988 Meta shares worth approximately $2.25 million during the second quarter. Institutional investors collectively own 79.91% of Meta’s outstanding stock.
• Meta reported quarterly revenue of $60.8 billion, up 28% year over year and above estimates, but earnings per share of $6.18 missed the $7.19 consensus forecast. Shares opened at $549.90, near the lower end of their 12-month range.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and average price target of $785.32, while Meta’s quarterly dividend is $0.525 per share, yielding about 0.4%.

Liberty Capital Management Inc. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,988 shares of the social networking company's stock, valued at approximately $2,246,000.

Several other institutional investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC lifted its holdings in Meta Platforms by 17.4% during the 1st quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company's stock worth $10,299,000 after purchasing an additional 2,670 shares in the last quarter. Keybank National Association OH boosted its stake in Meta Platforms by 15.7% in the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after purchasing an additional 18,169 shares during the period. WMS Group LLC purchased a new position in Meta Platforms during the 4th quarter valued at about $876,000. Consolidated Investment Group LLC grew its holdings in Meta Platforms by 61.2% during the 4th quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock valued at $5,215,000 after buying an additional 3,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after buying an additional 7,269,279 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

Shares of META opened at $549.90 on Friday. The company has a market cap of $1.40 trillion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.25. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $593.51 and a 200-day moving average price of $615.41. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $790.80.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing the consensus estimate of $7.19 by ($1.01). The company had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the company posted $7.14 earnings per share. As a group, equities analysts forecast that Meta Platforms, Inc. will post 28.5 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's payout ratio is currently 7.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial increased their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 21st. Evercore reaffirmed an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 30th. TD Cowen decreased their target price on shares of Meta Platforms from $800.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Roth Capital reiterated a "buy" rating on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Susquehanna cut their price target on shares of Meta Platforms from $900.00 to $650.00 and set a "positive" rating for the company in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $785.32.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched Pocket in the U.S., an AI-powered app that lets users create and share interactive games through text prompts. The product could increase engagement and expand Meta’s consumer AI ecosystem. Meta brings Pocket to U.S. users
• Positive Sentiment: Meta introduced a Mac app for Meta AI with system-wide dictation and screen-aware assistance. The company is also pricing its new Muse Code coding agent below Anthropic and OpenAI offerings, potentially helping it attract developers and build AI adoption. Meta AI launches Mac app
• Positive Sentiment: Meta’s core advertising business remains strong, with quarterly revenue rising 28% year over year to $60.8 billion. AI-related improvements to recommendations and ad delivery are supporting engagement, clicks and conversion efficiency. Meta drawdown analysis
• Neutral Sentiment: Meta is contesting the Federal Trade Commission’s effort to revive monopoly charges. The company argues that Facebook and Instagram users increasingly see recommended content rather than posts from friends, a defense that could influence the case’s regulatory implications. Meta fights FTC monopoly charges
• Neutral Sentiment: Meta’s CTO Andrew Bosworth, CFO Susan Li and insider Curtis Mahoney sold shares worth roughly $10.3 million in aggregate under pre-arranged Rule 10b5-1 plans. The transactions are limited as discretionary signals but may still affect investor sentiment. Meta insider transaction filing
• Negative Sentiment: Child-safety and social-media addiction litigation is intensifying. Testimony alleging that some safety tools were “designed to fail” raises the possibility of major damages, mandated product changes, restrictions on engagement features and pressure on advertising monetization. Meta social media lawsuit trial
• Negative Sentiment: Investors remain concerned that heavier AI capital spending will depress second-half free cash flow and increase financial pressure. Those concerns follow Meta’s quarterly EPS miss, despite its revenue beat, and have contributed to the stock’s year-to-date weakness. Meta stock investment analysis

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 3,348 shares of the firm's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the sale, the chief operating officer owned 9,498 shares in the company, valued at approximately $5,708,013.06. This trade represents a 26.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares of the company's stock, valued at $681,890.56. This represents a 65.03% decrease in their ownership of the stock. 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. Insiders sold 38,502 shares of company stock worth $22,603,485 over the last quarter. 13.53% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source