71 West Capital Partners Raises Stock Holdings in Meta Platforms, Inc. $META

71 West Capital Partners boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,359 shares of the social networking company's stock after purchasing an additional 5,071 shares during the quarter. Meta Platforms comprises 0.8% of 71 West Capital Partners' holdings, making the stock its 24th largest holding. 71 West Capital Partners' holdings in Meta Platforms were worth $22,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. RHL Group LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth about $28,000. Advantage Trust Co purchased a new position in shares of Meta Platforms in the second quarter worth about $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $29,000. Niles Investment Management LLC purchased a new stake in Meta Platforms in the fourth quarter valued at approximately $29,000. Finally, Axiom Investment Management LLC acquired a new position in Meta Platforms in the 1st quarter worth approximately $36,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
• Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
• Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI

Meta Platforms Trading Up 1.0%

NASDAQ META opened at $616.77 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The firm's 50-day moving average is $596.16 and its two-hundred day moving average is $609.26. The stock has a market capitalization of $1.57 trillion, a P/E ratio of 23.23, a PEG ratio of 1.06 and a beta of 1.25. 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 (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to analysts' expectations 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 earned $7.14 earnings per share. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on META shares. Erste Group Bank raised shares of Meta Platforms from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Arete Research set a $735.00 price objective on Meta Platforms and gave the company a "buy" rating in a report on Tuesday, June 2nd. Rosenblatt Securities raised their price objective on shares of Meta Platforms from $883.00 to $886.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Piper Sandler reaffirmed an "overweight" rating and set a $785.00 target price (down from $800.00) on shares of Meta Platforms in a report on Thursday, July 30th. Finally, Evercore reiterated an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $785.22.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 9,196 shares of the business's stock in a transaction 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 in the company, valued at approximately $7,260,343.46. The trade was a 41.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $4,379,184.00. Following the completion of the transaction, the chief technology officer directly owned 828 shares of the company's stock, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 32,987 shares of company stock valued at $19,202,995. Company insiders own 13.53% of the company's stock.

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.

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