AlTi Global Inc. Has $9.52 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• AlTi Global increased its Meta stake by 5.3% during the second quarter, holding 16,895 shares valued at approximately $9.52 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Analysts maintain a “Moderate Buy” consensus, with four Strong Buy, 34 Buy, and nine Hold ratings; the average price target is $785.22, despite several recent target reductions.
• Meta reported 28% year-over-year revenue growth to $60.8 billion in its latest quarter but missed the EPS consensus estimate. CFO Susan Li and CTO Andrew Bosworth also sold shares under pre-arranged trading plans.

AlTi Global Inc. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,895 shares of the social networking company's stock after acquiring an additional 854 shares during the quarter. AlTi Global Inc.'s holdings in Meta Platforms were worth $9,517,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First National Bank Sioux Falls increased its stake in shares of Meta Platforms by 0.7% in the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after buying an additional 14 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in Meta Platforms by 1.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after buying an additional 14 shares in the last quarter. Vista Capital Partners Inc. lifted its position in Meta Platforms by 1.3% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock worth $794,000 after buying an additional 14 shares in the last quarter. Acorn Creek Capital LLC grew its holdings in Meta Platforms by 0.7% during the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock worth $1,398,000 after acquiring an additional 15 shares during the last quarter. Finally, Objective Capital Management LLC grew its holdings in Meta Platforms by 2.8% during the 4th quarter. Objective Capital Management LLC now owns 553 shares of the social networking company's stock worth $365,000 after acquiring an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on META shares. Bank of America dropped their target price on shares of Meta Platforms from $835.00 to $810.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Wolfe Research reissued an "outperform" rating and set a $700.00 price target on shares of Meta Platforms in a research note on Thursday, July 30th. Phillip Securities raised shares of Meta Platforms to a "strong-buy" rating in a report on Monday, August 3rd. Monness Crespi & Hardt dropped their price objective on shares of Meta Platforms from $890.00 to $730.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, DA Davidson reduced their price objective on Meta Platforms from $850.00 to $700.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $785.22.

Key Stories Impacting Meta Platforms

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

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 9,196 shares of the firm'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 $7,260,343.46. This trade represents a 41.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the sale, the chief technology officer directly owned 828 shares in the company, valued at $462,024. This represents a 90.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 32,987 shares of company stock worth $19,202,995. Corporate insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

NASDAQ META opened at $616.77 on Monday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $790.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market cap of $1.57 trillion, a P/E ratio of 23.23, a P/E/G ratio of 1.07 and a beta of 1.25. The stock's 50-day moving average is $596.16 and its 200-day moving average is $609.05.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $60.22 billion. During the same quarter in the prior year, the firm posted $7.14 earnings per share. Meta Platforms's revenue for the quarter was up 28.0% compared to the same quarter last year. Sell-side analysts anticipate that Meta Platforms, Inc. will post 28.17 earnings per share for the current fiscal year.

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.

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