DAVENPORT & Co LLC Has $138.06 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Davenport & Co. LLC reduced its Meta Platforms position by 0.9% in the second quarter, retaining 245,171 shares valued at approximately $138.06 million. Institutional investors collectively own 79.91% of Meta’s outstanding stock.
• Meta reported quarterly revenue of $60.80 billion, up 28% year over year and above estimates, but earnings per share of $6.18 missed the $7.19 consensus forecast. The stock recently opened at $578.85, down 3.4%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $785.32, though concerns remain over heavy AI infrastructure spending, regulatory lawsuits and privacy risks involving Meta’s AI products.

DAVENPORT & Co LLC lessened its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,171 shares of the social networking company's stock after selling 2,339 shares during the quarter. DAVENPORT & Co LLC's holdings in Meta Platforms were worth $138,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independence Bank of Kentucky boosted its holdings in Meta Platforms by 0.9% during the second quarter. Independence Bank of Kentucky now owns 18,198 shares of the social networking company's stock valued at $10,251,000 after acquiring an additional 155 shares during the period. MFA Wealth Advisors LLC increased its stake in shares of Meta Platforms by 1,748.3% in the second quarter. MFA Wealth Advisors LLC now owns 11,108 shares of the social networking company's stock worth $6,257,000 after purchasing an additional 10,507 shares during the period. First Community Trust NA increased its stake in shares of Meta Platforms by 1.7% in the second quarter. First Community Trust NA now owns 8,690 shares of the social networking company's stock worth $4,895,000 after purchasing an additional 145 shares during the period. Walker Asset Management LLC lifted its position in shares of Meta Platforms by 17.3% during the 2nd quarter. Walker Asset Management LLC now owns 591 shares of the social networking company's stock worth $333,000 after purchasing an additional 87 shares during the last quarter. Finally, GoalFusion Wealth Management LLC lifted its position in shares of Meta Platforms by 5.7% during the 2nd quarter. GoalFusion Wealth Management LLC now owns 929 shares of the social networking company's stock worth $523,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Down 3.4%

Meta Platforms stock opened at $578.85 on Thursday. The business has a 50 day moving average price of $596.66 and a two-hundred day moving average price of $621.07. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.47 trillion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $60.80 billion during 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 revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.14 EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 28.5 EPS for the current year.

Meta Platforms Announces Dividend

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

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta officially launched its standalone Facebook Creator Studio app for iOS, offering creators AI-generated growth advice and community-management tools. The rollout could support engagement, creator retention and future monetization. Facebook officially rolls out its standalone Creator Studio app with AI tools for creators
• Positive Sentiment: Meta and Nvidia released open-weight AI models as U.S. technology companies seek to compete with Chinese labs. Meta’s open-source strategy may accelerate adoption, improve its advertising products and challenge higher-cost AI rivals. Meta and Nvidia plant very firm flag in open-weight AI race
• Positive Sentiment: Several analysts continue to cite Meta’s strong advertising business, AI-driven improvements in ad conversions and long-term AI optionality. The consensus price target remains substantially above the recent trading level, providing a potential valuation support. The Market Shaved 10% Off Meta Over a Month
• Neutral Sentiment: Meta’s planned acquisition of Chinese AI startup Manus is being unwound after regulatory pressure, with Manus returning to independent operations. The development limits Meta’s acquisition strategy but removes uncertainty surrounding the transaction. AI startup Manus to resume independent operations as deal with Meta unwinds
• Negative Sentiment: A German advocacy group filed a criminal complaint alleging that Meta’s AI smart glasses violate privacy laws. The complaint adds regulatory risk to Meta’s growing hardware and wearable-AI strategy. German advocacy group lodges criminal complaint over Meta AI glasses
• Negative Sentiment: Meta began trial proceedings against claims from 29 U.S. states that Facebook and Instagram were designed to be addictive to children. A loss could result in significant damages, platform changes and thousands of additional lawsuits. Meta, 29 states head to court in youth social media litigation
• Negative Sentiment: Investors remain concerned that AI infrastructure spending of up to $145 billion in 2026 is compressing margins and free cash flow. Recent commentary also highlighted weaker technical momentum, leaving META more vulnerable to selling pressure. Meta Q2: Strong Growth, But The AI Bill Is Becoming Hard To Ignore

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BNP Paribas Exane assumed coverage on Meta Platforms in a report on Tuesday, June 2nd. They issued an "outperform" rating on the stock. UBS Group cut their price target on Meta Platforms from $766.00 to $715.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Robert W. Baird reduced their price objective on Meta Platforms from $830.00 to $750.00 and set an "outperform" rating for the company in a research report on Thursday, July 30th. Roth Capital restated a "buy" rating on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Guggenheim reaffirmed a "buy" rating and set a $800.00 target price on shares of Meta Platforms in a research report on Tuesday, July 28th. Four 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $785.32.

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $561.56, for a total value of $280,780.00. Following the completion of the transaction, the director owned 2,943 shares in the company, valued at approximately $1,652,671.08. This represents a 14.52% decrease in their position. The sale 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 firm's stock in a transaction dated 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 directly owned 1,517 shares of the company's stock, valued at $910,200. The trade was 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. Insiders have sold 38,407 shares of company stock worth $23,391,097 in the last quarter. Corporate insiders own 13.53% of the company's stock.

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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