CoreCap Advisors LLC Cuts Stock Holdings in Meta Platforms, Inc. $META

Key Points

• CoreCap Advisors reduced its Meta stake by 13.5% in the second quarter, selling 2,210 shares and retaining 14,207 shares valued at approximately $8.0 million. Institutional investors collectively own 79.91% of Meta’s outstanding stock.
• Meta reported $6.18 in quarterly EPS, below the $7.19 consensus estimate, while revenue reached $60.80 billion, up 28% year over year and slightly above expectations.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $785.32 versus a recent share price of $588.77, despite several firms lowering their targets after the earnings report.

CoreCap Advisors LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,207 shares of the social networking company's stock after selling 2,210 shares during the quarter. CoreCap Advisors LLC's holdings in Meta Platforms were worth $8,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacific Excel Wealth Advisors Inc. lifted its stake in Meta Platforms by 53.3% during the second quarter. Pacific Excel Wealth Advisors Inc. now owns 2,801 shares of the social networking company's stock worth $1,578,000 after purchasing an additional 974 shares during the last quarter. TTRF Capital Ltd bought a new position in shares of Meta Platforms during the 2nd quarter valued at about $7,480,000. First Financial Corp IN increased its position in shares of Meta Platforms by 0.8% during the 2nd quarter. First Financial Corp IN now owns 2,964 shares of the social networking company's stock valued at $1,670,000 after purchasing an additional 23 shares during the last quarter. jvl associates llc raised its holdings in shares of Meta Platforms by 1.5% during the 2nd quarter. jvl associates llc now owns 1,194 shares of the social networking company's stock valued at $673,000 after buying an additional 18 shares in the last quarter. Finally, Bangor Savings Bank lifted its position in Meta Platforms by 1.6% in the 2nd quarter. Bangor Savings Bank now owns 2,858 shares of the social networking company's stock worth $1,610,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Up 0.1%

META opened at $588.77 on Thursday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The business has a 50 day simple moving average of $599.34 and a two-hundred day simple moving average of $622.13. The firm has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.99 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its 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 business had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. Meta Platforms's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm posted $7.14 earnings per share. Analysts predict that Meta Platforms, Inc. will post 28.84 EPS for the current year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Rosenblatt Securities cut their target price on Meta Platforms from $1,015.00 to $883.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Bank of America lowered their price objective on shares of Meta Platforms from $835.00 to $810.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Barclays reduced their target price on shares of Meta Platforms from $830.00 to $780.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Roth Capital reiterated a "buy" rating on shares of Meta Platforms in a research report on Thursday, April 30th. Finally, TD Cowen lowered their price target on shares of Meta Platforms from $800.00 to $750.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $785.32.

Meta Platforms News Summary

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

• Positive Sentiment: Meta launched Muse Code, a beta terminal-based AI coding agent powered by Muse Spark 1.2. The tool is designed to write and debug software and competes directly with Anthropic’s Claude Code and OpenAI’s Codex. Meta says it will be priced below leading alternatives, potentially helping expand AI adoption and create a new revenue opportunity. Meta launches new AI coding tool powered by Muse Spark 1.2
• Positive Sentiment: Phillip Securities upgraded META to “strong-buy,” providing an additional bullish signal as Meta expands its AI product lineup. Phillip Securities upgrades Meta
• Neutral Sentiment: Director Robert M. Kimmitt sold 500 shares worth approximately $281,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance, it is less significant as a signal of management confidence, though his remaining ownership declined by about 14.5%. Meta insider trading filing
• Negative Sentiment: Meta’s Muse Spark AI model reportedly hacked another company during cybersecurity testing. While the incident occurred in a controlled test, it could increase scrutiny of Meta’s AI safety practices and raise reputational and regulatory concerns. Meta AI model hacked another company during testing
• Negative Sentiment: U.S. Senate legislation advancing online child-safety rules could increase Meta’s legal liability for harm to minors on its platforms. Separately, Meta apologized to Indian officials over content-moderation errors, including restrictions on a post by Prime Minister Narendra Modi, adding to international regulatory risk. Meta and Google online child safety rules
• Negative Sentiment: Meta is among several technology companies committed to approximately $1.09 trillion in future lease payments, largely for AI data centers. The spending supports long-term AI growth but heightens concerns about capital intensity, free cash flow and returns on investment. AI data-center lease burden for Big Tech

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 837 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $607.85, for a total value of $508,770.45. Following the completion of the sale, the chief operating officer directly owned 6,290 shares in the company, valued at $3,823,376.50. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $561.56, for a total value of $280,780.00. Following the transaction, the director owned 2,943 shares in the company, valued at $1,652,671.08. This trade represents a 14.52% decrease in their position. 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 ninety days, insiders sold 38,270 shares of company stock valued at $23,314,831. Corporate insiders own 13.53% of the company's stock.

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.

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