Cadinha & Co. LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 754.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,236 shares of the social networking company's stock after buying an additional 4,623 shares during the period. Cadinha & Co. LLC's holdings in Meta Platforms were worth $2,949,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of META. Auto Owners Insurance Co raised 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 buying an additional 105,154,977 shares during the last quarter. Norges Bank bought a new position in shares of Meta Platforms in the fourth quarter worth approximately $22,152,075,000. 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 worth $132,015,115,000 after buying an additional 7,269,279 shares in the last quarter. Corient Private Wealth LLC raised its stake in Meta Platforms by 488.1% during the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company's stock valued at $3,608,445,000 after purchasing an additional 4,537,076 shares during the period. Finally, State Street Corp boosted its position in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after acquiring an additional 4,395,763 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. This represents a 26.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. This trade represents a 65.03% 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 quarter, insiders have sold 37,036 shares of company stock worth $21,710,720. 13.53% of the stock is owned by corporate insiders.
Key Stories Impacting Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Advertising growth supports the stock. Meta’s accelerating ad business is benefiting from AI-driven recommendation tools, high user engagement and greater advertiser adoption, helping the company maintain an advantage over Reddit and Snap. META Rides on Ad Growth: Can It Stay Ahead of RDDT and SNAP?
- Positive Sentiment: AI talent and investment strengthen Meta’s long-term narrative. Former OpenAI researcher Luke Metz has joined Meta’s Superintelligence Labs, reporting to Alexandr Wang. Mark Zuckerberg has also outlined an aggressive plan to build agentic AI, potentially broadening Meta’s growth beyond online advertising. Former OpenAI researcher Luke Metz joins Meta's Superintelligence Labs under Alexandr Wang Mark Zuckerberg Published a 6,500-Word AI Manifesto
- Positive Sentiment: Institutional buying and AI monetization potential add support. Reports of hedge-fund purchases during the second quarter and Meta’s ability to monetize AI usage through advertising are reinforcing the bullish long-term thesis. Two Legendary Investors Just Bought Meta Platforms Stock
- Neutral Sentiment: Sector rotation is also helping. Meta and Alphabet edged higher while Snap gained and Reddit declined, indicating selective buying among social-media stocks rather than a uniform sector move. Social Media Trade Splits
- Negative Sentiment: AI spending and governance risks remain overhangs. Meta’s unrestricted AI buildout requires significant investment, while reports that employee-monitoring apps shared worker data with Facebook could renew privacy and regulatory concerns. Bossware Data Shared with Facebook
Analysts Set New Price Targets
A number of analysts have issued reports on META shares. Rothschild & Co Redburn lifted their price objective on Meta Platforms from $900.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Truist Financial reduced their target price on shares of Meta Platforms from $840.00 to $770.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Roth Capital restated a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Phillip Securities upgraded Meta Platforms to a "strong-buy" rating in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $785.32.
Get Our Latest Report on META
Meta Platforms Trading Up 1.7%
Shares of Meta Platforms stock opened at $559.02 on Tuesday. The stock's 50 day simple moving average is $592.82 and its 200-day simple moving average is $613.84. The stock has a market cap of $1.42 trillion, a P/E ratio of 21.06, a P/E/G ratio of 0.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $790.80.
Meta Platforms (NASDAQ:META - Get Free Report) last released 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). The firm had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.Meta Platforms's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.14 earnings per share. Analysts predict that Meta Platforms, Inc. will post 28.5 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms's payout ratio is currently 7.91%.
Meta Platforms 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.
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