AMI Investment Management Inc. Purchases 946 Shares of Meta Platforms, Inc. $META

Key Points

• AMI Investment Management increased its Meta position by 9.7% in the second quarter, purchasing 946 shares to hold 10,649 shares valued at approximately $6.0 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Meta faces significant risks from a federal trial involving 29 state attorneys general over alleged harm to children, following a nearly $1 billion judgment in a similar New Mexico case. Investors are also monitoring the financial risks of the company’s substantial AI infrastructure spending and related financing arrangements.
• Analysts maintain a generally positive view, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $785.32. Meta’s latest quarterly revenue rose 28% year over year to $60.8 billion, although earnings per share missed expectations.

AMI Investment Management Inc. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,649 shares of the social networking company's stock after purchasing an additional 946 shares during the quarter. Meta Platforms accounts for 1.3% of AMI Investment Management Inc.'s investment portfolio, making the stock its 17th largest holding. AMI Investment Management Inc.'s holdings in Meta Platforms were worth $5,998,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Auto Owners Insurance Co lifted its stake in Meta Platforms by 76,587.7% during the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock valued at $69,502,379,000 after acquiring an additional 105,154,977 shares in the last quarter. Norges Bank purchased a new position in Meta Platforms during the 4th quarter worth $22,152,075,000. Vanguard Group Inc. grew its stake in shares of Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Meta Platforms by 488.1% in the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company's stock worth $3,608,445,000 after acquiring an additional 4,537,076 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Meta Platforms by 5.1% in the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock valued at $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. 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 is reportedly considering selling excess data-center capacity to third parties, which could help monetize its substantial AI infrastructure spending and create an additional revenue stream. The plan remains exploratory. Should You Buy Meta Platforms Stock Below $600 Before Mark Zuckerberg Unveils Its AI Cloud Business?
• Neutral Sentiment: Alibaba’s release of a laptop-ready Qwen model and open model weights underscores intensifying competition in AI, although the immediate financial impact on Meta is uncertain. Alibaba answers Meta's AI challenge with new laptop-ready model
• Negative Sentiment: Meta is facing a major federal trial brought by 29 state attorneys general, who allege Facebook and Instagram were deliberately designed to addict children and that the company misled the public about related risks. The states are seeking financial penalties—potentially as high as $1.4 trillion—and court-ordered product changes. Meta faces ‘astronomical' consequences as legal fight reaches critical moment in California
• Negative Sentiment: The legal overhang intensified after Meta recently lost a nearly $1 billion judgment in a similar New Mexico case. Investors are concerned that an adverse outcome could produce significant financial penalties, costly changes to platform design and broader regulatory restrictions, with thousands of related lawsuits potentially following. Meta Faces 29 States in Court Tuesday
• Negative Sentiment: Investors are also scrutinizing Meta’s AI spending. Data-center construction is consuming cash, while reported off-balance-sheet financing arrangements and residual-value guarantees could create future obligations if AI assets become unprofitable or underused. What Could Meta Platforms Off Balance Sheet AI Financing Mean For Investors?

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 1,258 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $600.00, for a total value of $754,800.00. Following the completion of the sale, the chief operating officer directly owned 1,517 shares of the company's stock, valued at $910,200. This trade represents a 45.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $561.56, for a total value of $280,780.00. Following the completion of the sale, the director owned 2,943 shares in the company, valued at approximately $1,652,671.08. The trade was a 14.52% 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 a total of 17,772 shares of company stock worth $10,823,658 in the last ninety days. 13.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Rothschild & Co Redburn raised their price target on shares of Meta Platforms from $900.00 to $1,000.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $800.00 price objective on shares of Meta Platforms in a research report on Thursday, July 30th. Wells Fargo & Company decreased their price objective on shares of Meta Platforms from $835.00 to $640.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Erste Group Bank raised shares of Meta Platforms from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Finally, Bank of America cut their target price on Meta Platforms from $835.00 to $810.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $785.32.

Meta Platforms Price Performance

META opened at $568.97 on Tuesday. The firm has a market cap of $1.45 trillion, a P/E ratio of 21.43, a PEG ratio of 1.01 and a beta of 1.25. The firm has a 50-day moving average of $595.62 and a 200 day moving average of $619.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80.

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

Meta Platforms Dividend Announcement

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

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.

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.

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