Bulltick Wealth Management LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 34.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,095 shares of the social networking company's stock after acquiring an additional 5,627 shares during the period. Meta Platforms comprises approximately 2.5% of Bulltick Wealth Management LLC's investment portfolio, making the stock its 11th largest holding. Bulltick Wealth Management LLC's holdings in Meta Platforms were worth $12,446,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC raised its holdings in shares of Meta Platforms by 17.4% in the first quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company's stock valued at $10,299,000 after purchasing an additional 2,670 shares during the last quarter. Keybank National Association OH grew its position in Meta Platforms by 15.7% in the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock valued at $88,319,000 after purchasing an additional 18,169 shares in the last quarter. WMS Group LLC bought a new position in Meta Platforms in the fourth quarter valued at $876,000. Vanguard Group Inc. increased its stake in 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 valued at $132,015,115,000 after buying an additional 7,269,279 shares during the last quarter. Finally, Czech National Bank increased its stake in Meta Platforms by 4.9% in the 2nd quarter. Czech National Bank now owns 625,079 shares of the social networking company's stock valued at $352,101,000 after buying an additional 29,411 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.
Meta Platforms Stock Up 1.2%
META opened at $578.02 on Friday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80. The company has a market capitalization of $1.47 trillion, a P/E ratio of 21.77, a P/E/G ratio of 0.98 and a beta of 1.25. The stock has a fifty day moving average of $592.28 and a 200-day moving average of $611.61. 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 (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. During the same period last year, the firm earned $7.14 EPS. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities analysts expect that Meta Platforms, Inc. will post 28.5 EPS for the current year.
Key Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta's social media settlement leaves its money machine unscathed
- Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$htag$: Meta's AI Bet Not Showing Returns, Yet
- Positive Sentiment: Rosenblatt raised its price target to $886 and maintained a buy rating, pointing to substantial potential upside from current levels. The stock’s valuation also remains below that of many large technology peers, strengthening the bargain argument for some investors. Meta price target raised by Rosenblatt
- Neutral Sentiment: The new teen safeguards—including time limits, muted notifications and stronger parental controls—could become a regulatory template for TikTok, YouTube, Snap and international markets. This creates industrywide compliance costs, but may also give Meta greater legal clarity. Meta settlement puts social media industry on notice
- Negative Sentiment: Investors still face execution and financial risks: age-verification technology may be unreliable, critics say the protections do not address teen mental-health concerns, and regulators in the U.K., South Korea and elsewhere may demand similar measures. Restrictions could eventually reduce teen engagement and advertising opportunities. Meta's child-safety deal and age verification
- Negative Sentiment: Meta’s substantial AI capital spending has not yet produced a proportionate revenue payoff, while an executive overseeing India and Southeast Asia is leaving for OpenAI. Those developments add to concerns about returns on investment and management stability. Meta executive leaves for OpenAI
Insider Buying and Selling
In related news, COO Javier Olivan sold 1,258 shares of the company's stock in a transaction that occurred 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 sale, the chief operating officer directly owned 1,517 shares in the company, valued at $910,200. This represents a 45.33% 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, Director Robert M. Kimmitt sold 500 shares of the company'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 directly owned 2,943 shares in the company, valued at $1,652,671.08. This trade represents a 14.52% 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 quarter, insiders have sold 34,957 shares of company stock valued at $20,442,696. Corporate insiders own 13.53% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Mizuho set a $750.00 price target on Meta Platforms in a research report on Thursday, July 30th. Raymond James Financial upped their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a $810.00 price objective on shares of Meta Platforms in a report on Monday, June 1st. Monness Crespi & Hardt lowered their target price on shares of Meta Platforms from $890.00 to $730.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Barclays dropped their price target on shares of Meta Platforms from $830.00 to $780.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $785.22.
View Our Latest Research Report on META
Meta Platforms Company Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Meta Platforms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.
While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
