ANTIPODES PARTNERS Ltd Acquires 85,677 Shares of Meta Platforms, Inc. $META

ANTIPODES PARTNERS Ltd raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 89.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,943 shares of the social networking company's stock after buying an additional 85,677 shares during the quarter. Meta Platforms accounts for about 1.9% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 24th largest position. ANTIPODES PARTNERS Ltd's holdings in Meta Platforms were worth $102,487,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the period. Headwater Capital Co Ltd grew its stake in shares of Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after purchasing an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Meta Platforms in the 2nd quarter valued at $213,000. Finally, Capital & Planning LLC acquired a new position in Meta Platforms during the second quarter worth $322,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Key Meta Platforms News

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

• Positive Sentiment: Legal settlement may reduce uncertainty. Jim Cramer said Meta is attractively valued after a settlement eased a major legal overhang. Investors may view the resolution of litigation as improving visibility, even though the settlement carries a substantial cost. Jim Cramer Says Meta Is At the Price
• Positive Sentiment: AI infrastructure investment highlights long-term growth potential. Meta’s large Louisiana AI data-center project is generating local economic activity and underscores the company’s commitment to expanding computing capacity for AI products and services. The investment could support future monetization, although it also implies significant capital spending. Meta AI Data Center Louisiana Economy
• Neutral Sentiment: Investor attention remains elevated. Meta is trending among Zacks users, while broader coverage continues to focus on its AI strategy, advertising business and valuation. This may increase trading interest but does not represent a new fundamental catalyst by itself. Meta Trending Stock
• Negative Sentiment: Teen-safety settlement creates a major financial and regulatory burden. Reports say Meta agreed to pay up to $18 billion to resolve claims that its platforms contributed to a teen mental-health crisis. The payment could pressure cash flow and reinforce concerns about increased oversight of social-media companies, despite removing litigation uncertainty. Meta Teen Safety Settlement
• Negative Sentiment: AI governance scrutiny is intensifying. The United Nations reportedly issued a sharper warning regarding AI governance, putting pressure on Meta to address safety, accountability and potential misuse as its AI operations expand. New rules or compliance costs could weigh on future returns. Meta AI Quarter and UN Governance Warning
• Negative Sentiment: Facial-recognition lawsuit adds privacy risk. Meta is facing a suit alleging that facial-recognition technology was used to train smart-glasses systems. The claims could create additional legal costs, reputational damage and scrutiny of Meta’s wearable-AI ambitions. Meta Facial Recognition Lawsuit

Meta Platforms Price Performance

NASDAQ META opened at $616.77 on Tuesday. The stock has a market capitalization of $1.57 trillion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a fifty day moving average of $597.25 and a 200-day moving average of $608.89.

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 the consensus estimate of $7.19 by ($1.01). The firm had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company's revenue was up 28.0% compared to the same quarter last year. During the same period last year, the company earned $7.14 EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on META shares. Phillip Securities upgraded shares of Meta Platforms to a "strong-buy" rating in a research report on Monday, August 3rd. Bank of America reduced their price target on shares of Meta Platforms from $835.00 to $810.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Barclays dropped their price objective on shares of Meta Platforms from $830.00 to $780.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Robert W. Baird cut their target price on shares of Meta Platforms from $830.00 to $750.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Finally, Wedbush reissued a "neutral" rating and issued a $595.00 target price on shares of Meta Platforms in a report on Tuesday, September 1st. Four 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $785.22.

Insider Activity

In other Meta Platforms news, Director Robert Kimmitt sold 500 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $561.56, for a total transaction of $280,780.00. Following the transaction, the director directly owned 2,943 shares in the company, valued at approximately $1,652,671.08. This represents a 14.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis Mahoney sold 1,559 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $869,922.00. Following the sale, the insider owned 1,957 shares of the company's stock, valued at approximately $1,092,006. This represents a 44.34% decrease in their position. 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 Company 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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