English Capital Management LLC Invests $7.81 Million in Meta Platforms, Inc. $META

English Capital Management LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,857 shares of the social networking company's stock, valued at approximately $7,806,000. Meta Platforms accounts for about 3.5% of English Capital Management LLC's holdings, making the stock its 9th biggest position.

A number of other institutional investors also recently modified their holdings of the stock. Fox Run Management L.L.C. raised its holdings in Meta Platforms by 6.9% during the second quarter. Fox Run Management L.L.C. now owns 2,179 shares of the social networking company's stock worth $1,227,000 after buying an additional 141 shares during the last quarter. Titan Global Capital Management USA LLC lifted its position in Meta Platforms by 0.5% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 41,818 shares of the social networking company's stock valued at $23,556,000 after acquiring an additional 192 shares in the last quarter. Mindset Wealth Management LLC raised its position in Meta Platforms by 135.3% in the 2nd quarter. Mindset Wealth Management LLC now owns 12,714 shares of the social networking company's stock valued at $7,162,000 after buying an additional 7,311 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its position in Meta Platforms by 1.4% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 7,253 shares of the social networking company's stock worth $4,086,000 after purchasing an additional 99 shares in the last quarter. Finally, Heritage Investors Management Corp boosted its stake in shares of Meta Platforms by 11.7% in the 2nd quarter. Heritage Investors Management Corp now owns 48,434 shares of the social networking company's stock worth $27,282,000 after buying an additional 5,082 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Stock Up 1.0%

META stock opened at $616.77 on Friday. 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 business's 50 day moving average price is $596.16 and its two-hundred day moving average price is $609.26. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results 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). The business 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%.The firm's revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.14 earnings per share. As a group, analysts forecast that Meta Platforms, Inc. will post 28.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 1,258 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $600.00, for a total value of $754,800.00. Following the sale, the chief operating officer owned 1,517 shares in the company, valued at approximately $910,200. The trade was a 45.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 sale, the chief technology officer owned 828 shares in the company, valued at approximately $462,024. This represents a 90.46% 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. Over the last quarter, insiders have sold 32,987 shares of company stock valued at $19,202,995. 13.53% of the stock is owned by company insiders.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
• Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
• Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI

Wall Street Analyst Weigh In

Several research firms have weighed in on META. KeyCorp cut their price objective on Meta Platforms from $790.00 to $780.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. UBS Group cut their price target on shares of Meta Platforms from $766.00 to $715.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company reduced their price target on shares of Meta Platforms from $835.00 to $640.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Cantor Fitzgerald decreased their price objective on shares of Meta Platforms from $770.00 to $680.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $800.00 price objective on shares of Meta Platforms in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $785.22.

Meta Platforms Company 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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