Daymark Wealth Partners LLC Has $19.96 Million Stake in Meta Platforms, Inc. $META

Daymark Wealth Partners LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 114.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,435 shares of the social networking company's stock after acquiring an additional 18,931 shares during the quarter. Daymark Wealth Partners LLC's holdings in Meta Platforms were worth $19,960,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of META. First National Bank Sioux Falls boosted its position in shares of Meta Platforms by 0.7% during the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after purchasing an additional 14 shares in the last quarter. Levin Capital Strategies L.P. increased its holdings in Meta Platforms by 1.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after purchasing an additional 14 shares in the last quarter. Vista Capital Partners Inc. increased its holdings in Meta Platforms by 1.3% in the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock worth $794,000 after purchasing an additional 14 shares in the last quarter. Acorn Creek Capital LLC lifted its stake in Meta Platforms by 0.7% in the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock valued at $1,398,000 after buying an additional 15 shares during the period. Finally, Objective Capital Management LLC boosted its holdings in shares of Meta Platforms by 2.8% during the 4th quarter. Objective Capital Management LLC now owns 553 shares of the social networking company's stock worth $365,000 after buying an additional 15 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 1.0%

Shares of NASDAQ META opened at $572.34 on Tuesday. 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 company has a 50-day moving average price of $592.45 and a 200-day moving average price of $610.45. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 21.56, a P/E/G ratio of 1.00 and a beta of 1.25. 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 posted its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. During the same quarter in the prior year, the company earned $7.14 EPS. The company's revenue was up 28.0% on a year-over-year basis. On average, equities research analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on META. UBS Group reduced their price objective on shares of Meta Platforms from $766.00 to $715.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Phillip Securities raised shares of Meta Platforms to a "strong-buy" rating in a research note on Monday, August 3rd. Arete Research set a $735.00 price target on shares of Meta Platforms and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings downgraded shares of Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $785.22.

Key Meta Platforms News

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

• Positive Sentiment: Meta’s AI strategy remains a potential long-term catalyst. Analysts point to its roughly $60 billion AI investment program as a way to improve ad targeting, monetization and possibly challenge Google in search and digital advertising. Meta's $60 Billion AI Machine Could Dethrone Google Search by Year-End
• Positive Sentiment: Meta-backed Indian telecom operator Jio Platforms received regulatory approval for an initial public offering. A successful listing could provide a valuation reference for Meta’s investment and highlight the value of its strategic holdings. Meta- and Google-backed Indian telecom operator Jio Platforms gets regulatory nod for IPO
• Positive Sentiment: Some investment commentary describes META as undervalued after its shares fell well below their prior record, citing second-quarter revenue growth of 28% to $60.8 billion and the potential for a recovery. Prediction: Meta Stock Reclaims Its All-Time High Before 2029
• Neutral Sentiment: Meta has begun removing fraudulent advertisements in India that used explicit content to distribute malware. The action limits immediate user risk but underscores continuing challenges in ad-quality enforcement and platform trust. Meta removes ads for fraud apps posing as porn after India sounds alarm
• Negative Sentiment: Meta agreed to an approximately $17 billion to $18 billion settlement with U.S. states over allegations that its platforms harmed children and teens. The agreement requires stronger age verification and other safeguards, creating a substantial financial cost and potentially higher compliance expenses. Explainer: Settlement requires Meta to check young users' ages
• Negative Sentiment: Research claiming Temu spent as much as $962 million on advertising tied to fake creators raises additional concerns about content moderation, advertiser oversight and reputational risk on Meta’s platforms. Temu spent up to $962 million on ads that helped finance an army of fake creators on Meta platforms

Insider Activity

In other news, CFO Susan J. Li sold 9,196 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the sale, the chief financial officer directly owned 13,186 shares of the company's stock, valued at $7,260,343.46. This represents a 41.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $4,379,184.00. Following the completion of the transaction, the chief technology officer owned 828 shares in the company, valued at $462,024. This represents a 90.46% 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. In the last three months, insiders sold 32,987 shares of company stock worth $19,202,995. Company 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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