Boothe Investment Group Inc. Has $6.69 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Boothe Investment Group increased its Meta stake by 18.8% in the second quarter to 11,874 shares valued at approximately $6.69 million. Institutional investors collectively own 79.91% of Meta’s outstanding stock.
• Meta reported 28% year-over-year revenue growth to $60.80 billion, though quarterly EPS of $6.18 missed estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $785.32.
• Investors remain focused on the potential payoff and risks of Meta’s large AI investments, including possible margin pressure and litigation exposure. Insiders sold about $22.1 million of stock over the past 90 days, including planned sales by executives.

Boothe Investment Group Inc. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,874 shares of the social networking company's stock after purchasing an additional 1,882 shares during the period. Meta Platforms accounts for approximately 2.1% of Boothe Investment Group Inc.'s holdings, making the stock its 17th largest position. Boothe Investment Group Inc.'s holdings in Meta Platforms were worth $6,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after purchasing an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co raised its position in shares of Meta Platforms by 76,587.7% in the fourth 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 purchasing an additional 105,154,977 shares during the period. State Street Corp raised its position 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 period. Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after buying an additional 878,396 shares during the last quarter. Finally, Capital World Investors lifted its stake in shares of Meta Platforms by 0.8% during the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock worth $26,112,735,000 after buying an additional 310,947 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other Meta Platforms news, 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 transaction of $280,780.00. Following the sale, the director owned 2,943 shares of the company's stock, valued at approximately $1,652,671.08. The trade was a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 1,258 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $600.00, for a total transaction of $754,800.00. Following the transaction, the chief operating officer 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. 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. Over the last 90 days, insiders sold 36,280 shares of company stock worth $22,075,696. 13.53% of the stock is currently owned by corporate insiders.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Analysts remain constructive on Meta’s long-term outlook, citing 28% revenue growth, resilient advertising demand and additional monetization opportunities in WhatsApp. Some commentary argues that the market is assigning little value to future AI and messaging revenue streams. Meta Has $27 Billion That Isn't On Its Balance Sheet
• Positive Sentiment: Meta released Glimmer, an open-weight AI model that users can download and run on their own hardware, supporting Mark Zuckerberg’s strategy of broadening access to AI. The move could strengthen developer adoption and Meta’s competitive position, although its financial payoff is uncertain. Meta's open AI, and a $250M deal gone very wrong
• Neutral Sentiment: Meta removed approximately 756,000 suspected under-16 accounts in Australia—462,000 from Instagram and 294,000 from Facebook—as it enforces the country’s youth social-media restrictions. The action demonstrates regulatory compliance but may raise moderation costs and reduce engagement among younger users. Meta says it has taken down 756,000 Australian teen accounts
• Neutral Sentiment: Institutional trading was mixed: Dodge & Cox increased its position by 1.47 million shares, while Sands Capital and Columbus Hill reduced their stakes. These transactions may influence sentiment but do not by themselves change Meta’s fundamentals. Dodge and Cox boosts Meta Platforms stake
• Negative Sentiment: A Ninth Circuit ruling removed a procedural barrier to more than 3,000 lawsuits alleging Meta’s product features harm young users. The court did not determine liability, but the decision allows the cases to proceed and adds potential litigation costs, damages and pressure to change platform design. How Serious Are Thousands of Addiction Lawsuits for Meta and Snap?
• Negative Sentiment: Investors remain concerned that Meta’s roughly $145 billion AI investment plan and major data-center projects could produce diminishing returns, compress margins and weigh on free cash flow before monetization catches up. Meta: Diminishing Q2 CapEx ROI Is Alarming
• Negative Sentiment: Meta COO Javier Olivan disclosed additional sales under a pre-arranged Rule 10b5-1 plan, while several funds also trimmed holdings. Although planned insider sales are not necessarily bearish, they can add to near-term selling pressure. Meta COO insider stock sale

Meta Platforms Trading Down 0.9%

Shares of META opened at $589.85 on Friday. 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 52-week low of $520.26 and a 52-week high of $796.25. The firm has a market cap of $1.50 trillion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.02 and a beta of 1.25. The business's fifty day moving average is $595.94 and its 200-day moving average is $620.41.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 business had revenue of $60.80 billion for 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%.Meta Platforms's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.14 earnings per share. Equities analysts anticipate that Meta Platforms, Inc. will post 28.5 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Monness Crespi & Hardt decreased their price target on shares of Meta Platforms from $890.00 to $730.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Raymond James Financial raised their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 21st. Cantor Fitzgerald reduced their price objective on Meta Platforms from $770.00 to $680.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Citizens Jmp decreased their target price on Meta Platforms from $800.00 to $770.00 and set a "market outperform" rating on the stock in a research report on Thursday, July 30th. Finally, Mizuho set a $750.00 target price on Meta Platforms in a research note on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $785.32.

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.

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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