Div Capital Phoenix Assets Ltd Buys 35,000 Shares of Meta Platforms, Inc. $META

Div Capital Phoenix Assets Ltd increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 47.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,139 shares of the social networking company's stock after purchasing an additional 35,000 shares during the quarter. Meta Platforms accounts for approximately 10.5% of Div Capital Phoenix Assets Ltd's investment portfolio, making the stock its 4th largest position. Div Capital Phoenix Assets Ltd's holdings in Meta Platforms were worth $61,477,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of META. Vanguard Group Inc. lifted its stake in Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co boosted its holdings in shares of Meta Platforms by 76,587.7% in 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 purchasing an additional 105,154,977 shares in the last quarter. State Street Corp increased its stake in shares of Meta Platforms by 5.1% in the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock valued at $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock valued at $34,734,628,000 after purchasing an additional 878,396 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of Meta Platforms by 0.8% in the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock valued at $26,112,735,000 after purchasing an additional 310,947 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on META. Mizuho set a $750.00 target price on Meta Platforms in a research note on Thursday, July 30th. Benchmark began coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They set a "buy" rating on the stock. Wall Street Zen cut shares of Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. TD Cowen dropped their price objective 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. Finally, Susquehanna cut their target price on shares of Meta Platforms from $900.00 to $650.00 and set a "positive" rating on the stock in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $785.32.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched Pocket in the U.S., an AI-powered app that lets users create and share interactive games through text prompts. The product could increase engagement and expand Meta’s consumer AI ecosystem. Meta brings Pocket to U.S. users
• Positive Sentiment: Meta introduced a Mac app for Meta AI with system-wide dictation and screen-aware assistance. The company is also pricing its new Muse Code coding agent below Anthropic and OpenAI offerings, potentially helping it attract developers and build AI adoption. Meta AI launches Mac app
• Positive Sentiment: Meta’s core advertising business remains strong, with quarterly revenue rising 28% year over year to $60.8 billion. AI-related improvements to recommendations and ad delivery are supporting engagement, clicks and conversion efficiency. Meta drawdown analysis
• Neutral Sentiment: Meta is contesting the Federal Trade Commission’s effort to revive monopoly charges. The company argues that Facebook and Instagram users increasingly see recommended content rather than posts from friends, a defense that could influence the case’s regulatory implications. Meta fights FTC monopoly charges
• Neutral Sentiment: Meta’s CTO Andrew Bosworth, CFO Susan Li and insider Curtis Mahoney sold shares worth roughly $10.3 million in aggregate under pre-arranged Rule 10b5-1 plans. The transactions are limited as discretionary signals but may still affect investor sentiment. Meta insider transaction filing
• Negative Sentiment: Child-safety and social-media addiction litigation is intensifying. Testimony alleging that some safety tools were “designed to fail” raises the possibility of major damages, mandated product changes, restrictions on engagement features and pressure on advertising monetization. Meta social media lawsuit trial
• Negative Sentiment: Investors remain concerned that heavier AI capital spending will depress second-half free cash flow and increase financial pressure. Those concerns follow Meta’s quarterly EPS miss, despite its revenue beat, and have contributed to the stock’s year-to-date weakness. Meta stock investment analysis

Meta Platforms Stock Up 0.7%

Shares of NASDAQ META opened at $549.90 on Friday. The company has a market capitalization of $1.40 trillion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.25. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $790.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company's 50 day moving average price is $593.51 and its 200-day moving average price is $615.41.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. During the same quarter last year, the company earned $7.14 earnings per share. The company's quarterly revenue was up 28.0% compared to the same quarter last year. Equities analysts forecast that Meta Platforms, Inc. will post 28.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Insider Activity at Meta Platforms

In other news, insider Curtis J. Mahoney sold 1,559 shares of Meta Platforms stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $869,922.00. Following the completion of the sale, the insider owned 1,957 shares in the company, valued at $1,092,006. The trade was a 44.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 1,258 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $600.00, for a total transaction of $754,800.00. Following the transaction, the chief operating officer owned 1,517 shares in the company, valued at $910,200. The trade was a 45.33% 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. Insiders have sold 38,502 shares of company stock worth $22,603,485 over the last quarter. 13.53% of the stock is owned by company insiders.

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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