Glenmede Trust Co. NA Boosts Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Glenmede Trust increased its Meta stake by 3.8% in the first quarter, purchasing 9,687 additional shares for a total of 265,992 shares valued at approximately $152.2 million. Institutional investors collectively own 79.91% of Meta.
• Meta’s second-quarter revenue rose 28% year over year to $60.8 billion, but EPS of $6.18 missed expectations of $7.19 as surging AI infrastructure spending pressured cash flow and raised investor concerns about returns.
• Despite the earnings miss and recent price-target reductions, analysts maintain a consensus “Moderate Buy” rating with a target price of $789.95; insiders have sold approximately $23.0 million of stock over the past 90 days.

Glenmede Trust Co. NA grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,992 shares of the social networking company's stock after buying an additional 9,687 shares during the quarter. Meta Platforms accounts for approximately 0.7% of Glenmede Trust Co. NA's portfolio, making the stock its 27th largest holding. Glenmede Trust Co. NA's holdings in Meta Platforms were worth $152,182,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co lifted its position in Meta Platforms by 76,587.7% in the fourth 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 during the last quarter. State Street Corp lifted its position in Meta Platforms by 5.1% in the fourth 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 boosted its stake in shares of Meta Platforms by 1.7% during the fourth 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 period. Finally, Capital World Investors boosted its stake in shares of Meta Platforms by 0.8% during the fourth 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 period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity

In other news, COO Javier Olivan sold 837 shares of Meta Platforms stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $607.85, for a total transaction of $508,770.45. Following the sale, the chief operating officer owned 6,290 shares of the company's stock, valued at approximately $3,823,376.50. The trade was a 11.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the transaction, the director owned 3,443 shares in the company, valued at $2,092,483.25. This represents a 12.68% 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. Over the last ninety days, insiders sold 37,770 shares of company stock valued at $23,034,051. Corporate insiders own 13.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on META. KeyCorp decreased their target price on shares of Meta Platforms from $790.00 to $780.00 and set an "overweight" rating on the stock in a research note on Thursday. Scotiabank reissued a "sector perform" rating and set a $600.00 price target on shares of Meta Platforms in a research report on Thursday. Mizuho set a $750.00 price target on shares of Meta Platforms in a report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of Meta Platforms in a report on Wednesday, July 8th. Finally, DA Davidson lowered their price objective on shares of Meta Platforms from $850.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $789.95.

Key Meta Platforms News

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

• Positive Sentiment: Meta’s core advertising business remains strong. Second-quarter revenue increased 28% year over year to $60.8 billion, while ad impressions, pricing, engagement and AI-powered recommendation tools continued to improve. Advantage+ advertising reportedly reached a $75 billion annualized run rate. Meta: Buy The AI Spending Panic
• Positive Sentiment: Several analysts and investment commentators view the selloff as an opportunity, arguing that Meta’s advertising engine can fund its AI investments and that AI is already improving ad performance, personalization and user engagement. Meta also highlighted potential enterprise AI products, personal AI agents and new applications. Buy Meta’s Earnings Drop
• Positive Sentiment: Despite reductions, major firms retained bullish ratings and price targets, including UBS at $715, Baird at $750, Cantor Fitzgerald at $680 and Rosenblatt at $883. The targets imply substantial long-term upside if Meta converts AI spending into monetization. Meta Given New Price Target at Baird
• Neutral Sentiment: The earnings miss was partly affected by approximately $2.4 billion in legal charges and $1.2 billion in severance costs. Excluding these items, supporters argue that underlying profitability was healthier, but reported margins still declined.
• Negative Sentiment: Meta reported $6.18 in quarterly EPS, below expectations near $7.19, while free cash flow fell to only $784 million from $31.9 billion in operating cash flow as AI data-center capital expenditures surged. Investors remain unconvinced that the spending will generate adequate returns soon. Tech’s AI Buildout Has Ballooning Price Tag
• Negative Sentiment: Future AI-related lease obligations reached $279 billion, increasing concerns about balance-sheet commitments and execution risk. Additional legal and regulatory pressure includes a wrongful-death lawsuit alleging that social-media companies harmed minors, plus an Indian police case involving Meta’s India chief over Facebook posts depicting Prime Minister Narendra Modi. Meta’s AI Splurge Lays Bare Its Compute Conundrum

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $556.71 on Monday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.41 trillion, a PE ratio of 20.97, a P/E/G ratio of 0.93 and a beta of 1.25. The business has a 50 day moving average of $601.16 and a 200 day moving average of $622.84. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly 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%.The business's revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business earned $7.14 EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 28.99 earnings per share for the current year.

Meta Platforms Announces Dividend

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

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.

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