Erste Asset Management GmbH trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,019 shares of the social networking company's stock after selling 54,734 shares during the quarter. Meta Platforms comprises about 1.2% of Erste Asset Management GmbH's holdings, making the stock its 15th largest position. Erste Asset Management GmbH's holdings in Meta Platforms were worth $160,838,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd lifted its position in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Meta Platforms in the 2nd quarter worth approximately $213,000. Finally, Capital & Planning LLC purchased a new position in Meta Platforms in the 2nd quarter worth approximately $322,000. 79.91% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
META has been the topic of several research reports. Guggenheim restated a "buy" rating and set a $800.00 price objective on shares of Meta Platforms in a research report on Tuesday, July 28th. Susquehanna cut their target price on shares of Meta Platforms from $900.00 to $650.00 and set a "positive" 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 report on Thursday, April 30th. Wells Fargo & Company dropped their price target on Meta Platforms from $835.00 to $640.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $785.00 price objective (down from $800.00) on shares of Meta Platforms in a 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $785.32.
View Our Latest Stock Report on META
Meta Platforms Price Performance
META stock opened at $559.02 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The firm's fifty day moving average is $592.82 and its 200 day moving average is $613.84. The firm has a market cap of $1.42 trillion, a P/E ratio of 21.06, a P/E/G ratio of 0.94 and a beta of 1.25.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results 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 business had revenue of $60.80 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.14 EPS. Research analysts predict that Meta Platforms, Inc. will post 28.5 earnings per share for the current year.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms's payout ratio is currently 7.91%.
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Advertising growth supports the stock. Meta’s accelerating ad business is benefiting from AI-driven recommendation tools, high user engagement and greater advertiser adoption, helping the company maintain an advantage over Reddit and Snap. META Rides on Ad Growth: Can It Stay Ahead of RDDT and SNAP?
- Positive Sentiment: AI talent and investment strengthen Meta’s long-term narrative. Former OpenAI researcher Luke Metz has joined Meta’s Superintelligence Labs, reporting to Alexandr Wang. Mark Zuckerberg has also outlined an aggressive plan to build agentic AI, potentially broadening Meta’s growth beyond online advertising. Former OpenAI researcher Luke Metz joins Meta's Superintelligence Labs under Alexandr Wang Mark Zuckerberg Published a 6,500-Word AI Manifesto
- Positive Sentiment: Institutional buying and AI monetization potential add support. Reports of hedge-fund purchases during the second quarter and Meta’s ability to monetize AI usage through advertising are reinforcing the bullish long-term thesis. Two Legendary Investors Just Bought Meta Platforms Stock
- Neutral Sentiment: Sector rotation is also helping. Meta and Alphabet edged higher while Snap gained and Reddit declined, indicating selective buying among social-media stocks rather than a uniform sector move. Social Media Trade Splits
- Negative Sentiment: AI spending and governance risks remain overhangs. Meta’s unrestricted AI buildout requires significant investment, while reports that employee-monitoring apps shared worker data with Facebook could renew privacy and regulatory concerns. Bossware Data Shared with Facebook
Insider Buying and Selling
In other Meta Platforms news, CTO Andrew Bosworth sold 7,848 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was 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. The trade was a 90.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. This trade represents a 26.06% 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 a total of 37,036 shares of company stock worth $21,710,720 in the last ninety days. Corporate insiders own 13.53% of the company's stock.
About Meta Platforms
(
Free Report)
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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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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