Formidable Asset Management LLC Has $14.48 Million Holdings in Meta Platforms, Inc. $META

Formidable Asset Management LLC lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,339 shares of the social networking company's stock after selling 3,551 shares during the quarter. Meta Platforms accounts for 2.3% of Formidable Asset Management LLC's portfolio, making the stock its 8th biggest holding. Formidable Asset Management LLC's holdings in Meta Platforms were worth $14,482,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First National Bank Sioux Falls lifted its stake in shares of Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock worth $1,321,000 after purchasing an additional 14 shares during the period. Levin Capital Strategies L.P. increased its holdings in Meta Platforms by 1.4% during the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after buying an additional 14 shares during the last quarter. Vista Capital Partners Inc. increased its holdings in Meta Platforms by 1.3% during the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after buying an additional 14 shares during the last quarter. Arcataur Capital Management LLC raised its position in Meta Platforms by 0.9% in the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock worth $1,146,000 after acquiring an additional 15 shares during the period. Finally, Acorn Creek Capital LLC raised its position 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 worth $1,398,000 after acquiring an additional 15 shares during the period. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on META. Mizuho set a $750.00 price objective on shares of Meta Platforms in a research report on Thursday, July 30th. Wolfe Research reaffirmed an "outperform" rating and issued a $700.00 target price on shares of Meta Platforms in a report on Thursday, July 30th. Wells Fargo & Company lowered their target price on Meta Platforms from $835.00 to $640.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Piper Sandler restated an "overweight" rating and issued a $785.00 price target (down from $800.00) on shares of Meta Platforms in a research report on Thursday, July 30th. Finally, Benchmark started coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued a "buy" rating on the stock. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight 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 a consensus price target of $785.32.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 1,258 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $600.00, for a total value of $754,800.00. Following the transaction, the chief operating officer directly owned 1,517 shares in the company, valued at $910,200. This represents a 45.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 1,559 shares of the 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 $869,922.00. Following the completion of the transaction, the insider directly owned 1,957 shares in the company, valued at approximately $1,092,006. This trade represents a 44.34% 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. In the last three months, insiders sold 38,502 shares of company stock valued at $22,603,485. Insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

NASDAQ META opened at $549.90 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $790.80. The business has a 50 day simple moving average of $593.51 and a two-hundred day simple moving average of $615.41. The stock has a market capitalization of $1.40 trillion, a PE ratio of 20.71, a P/E/G ratio of 0.93 and a beta of 1.25.

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

Meta Platforms Dividend Announcement

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

Meta Platforms News Roundup

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 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.

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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