Enclave Advisors LLC Sells 893 Shares of Meta Platforms, Inc. $META

Key Points

• Enclave Advisors LLC cut its Meta stake by 34.8% in the second quarter, selling 893 shares and retaining 1,676 shares valued at approximately $944,000. Institutional investors collectively own 79.91% of Meta’s stock.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $785.32, despite several brokerages lowering targets. Analysts continue to cite strong advertising growth and AI monetization potential.
• Meta reported 28% year-over-year revenue growth to $60.8 billion in its latest quarter but missed earnings estimates, while investors remain concerned about the cost and returns of its large AI and data-center investments.

Enclave Advisors LLC reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 34.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,676 shares of the social networking company's stock after selling 893 shares during the period. Enclave Advisors LLC's holdings in Meta Platforms were worth $944,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Portside Wealth Group LLC grew its stake in shares of Meta Platforms by 4.0% in the 2nd quarter. Portside Wealth Group LLC now owns 14,755 shares of the social networking company's stock worth $8,311,000 after acquiring an additional 573 shares in the last quarter. Kings Path Partners LLC boosted its stake in shares of Meta Platforms by 73.5% in the 2nd quarter. Kings Path Partners LLC now owns 1,180 shares of the social networking company's stock worth $665,000 after buying an additional 500 shares during the last quarter. BAM Wealth Management LLC grew its holdings in shares of Meta Platforms by 38.9% in the second quarter. BAM Wealth Management LLC now owns 2,958 shares of the social networking company's stock valued at $1,666,000 after acquiring an additional 829 shares in the last quarter. Smith Thornton Advisors LLC increased its position in shares of Meta Platforms by 3.9% during the second quarter. Smith Thornton Advisors LLC now owns 5,274 shares of the social networking company's stock valued at $2,971,000 after acquiring an additional 197 shares during the last quarter. Finally, Encompass More Asset Management lifted its holdings in Meta Platforms by 7.2% during the second quarter. Encompass More Asset Management now owns 716 shares of the social networking company's stock worth $403,000 after acquiring an additional 48 shares during the period. Institutional investors own 79.91% of the company's stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Analysts remain constructive on Meta’s long-term outlook, citing 28% revenue growth, resilient advertising demand and additional monetization opportunities in WhatsApp. Some commentary argues that the market is assigning little value to future AI and messaging revenue streams. Meta Has $27 Billion That Isn't On Its Balance Sheet
• Positive Sentiment: Meta released Glimmer, an open-weight AI model that users can download and run on their own hardware, supporting Mark Zuckerberg’s strategy of broadening access to AI. The move could strengthen developer adoption and Meta’s competitive position, although its financial payoff is uncertain. Meta's open AI, and a $250M deal gone very wrong
• Neutral Sentiment: Meta removed approximately 756,000 suspected under-16 accounts in Australia—462,000 from Instagram and 294,000 from Facebook—as it enforces the country’s youth social-media restrictions. The action demonstrates regulatory compliance but may raise moderation costs and reduce engagement among younger users. Meta says it has taken down 756,000 Australian teen accounts
• Neutral Sentiment: Institutional trading was mixed: Dodge & Cox increased its position by 1.47 million shares, while Sands Capital and Columbus Hill reduced their stakes. These transactions may influence sentiment but do not by themselves change Meta’s fundamentals. Dodge and Cox boosts Meta Platforms stake
• Negative Sentiment: A Ninth Circuit ruling removed a procedural barrier to more than 3,000 lawsuits alleging Meta’s product features harm young users. The court did not determine liability, but the decision allows the cases to proceed and adds potential litigation costs, damages and pressure to change platform design. How Serious Are Thousands of Addiction Lawsuits for Meta and Snap?
• Negative Sentiment: Investors remain concerned that Meta’s roughly $145 billion AI investment plan and major data-center projects could produce diminishing returns, compress margins and weigh on free cash flow before monetization catches up. Meta: Diminishing Q2 CapEx ROI Is Alarming
• Negative Sentiment: Meta COO Javier Olivan disclosed additional sales under a pre-arranged Rule 10b5-1 plan, while several funds also trimmed holdings. Although planned insider sales are not necessarily bearish, they can add to near-term selling pressure. Meta COO insider stock sale

Insider Activity

In other news, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the transaction, the insider directly owned 1,118 shares in the company, valued at $681,890.56. The trade was a 65.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the transaction, the chief operating officer directly owned 9,498 shares in the company, valued at approximately $5,708,013.06. The trade was a 26.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 36,280 shares of company stock valued at $22,075,696 over the last 90 days. Company insiders own 13.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on META. Barclays decreased their target price on Meta Platforms from $830.00 to $780.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Rothschild & Co Redburn raised their price objective on shares of Meta Platforms from $900.00 to $1,000.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Truist Financial dropped 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 note on Thursday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating and set a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Monness Crespi & Hardt dropped their price objective on Meta Platforms from $890.00 to $730.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Four research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $785.32.

Meta Platforms Trading Down 0.9%

Shares of Meta Platforms stock opened at $589.85 on Friday. The company's 50-day moving average price is $595.94 and its 200-day moving average price is $620.41. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.01 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 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 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 revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm posted $7.14 EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 28.5 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued 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 presently 7.91%.

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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