Golden Reserve Retirement LLC Buys 1,865 Shares of Meta Platforms, Inc. $META

Golden Reserve Retirement LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 92.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,891 shares of the social networking company's stock after acquiring an additional 1,865 shares during the period. Meta Platforms makes up approximately 0.3% of Golden Reserve Retirement LLC's investment portfolio, making the stock its 15th largest position. Golden Reserve Retirement LLC's holdings in Meta Platforms were worth $2,192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RHL Group LLC bought a new stake in Meta Platforms in the 4th quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms during the fourth quarter worth approximately $29,000. Advantage Trust Co bought a new position in shares of Meta Platforms during the second quarter worth approximately $28,000. Axiom Investment Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $36,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $42,000. 79.91% of the stock is owned by institutional investors and hedge funds.

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

Meta Platforms Stock Up 1.0%

Shares of NASDAQ META opened at $616.77 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.57 trillion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The stock has a 50-day moving average price of $596.16 and a two-hundred day moving average price of $609.26.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). The company had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company's revenue for the quarter 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.

Insider Activity at Meta Platforms

In other news, insider Curtis Mahoney sold 1,559 shares of the stock in a transaction 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 represents a 44.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 firm's stock in a transaction 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 in the company, valued at approximately $5,708,013.06. This trade represents 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 a total of 32,987 shares of company stock valued at $19,202,995 over the last three months. 13.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reduced their price target on Meta Platforms from $770.00 to $680.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Weiss Ratings cut Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 26th. The Goldman Sachs Group cut their target price on Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. KeyCorp decreased their price target 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. Finally, TD Cowen decreased their price target on Meta Platforms from $800.00 to $750.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $785.22.

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.

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