Heritage Investors Management Corp Has $27.28 Million Stock Holdings in Meta Platforms, Inc. $META

Heritage Investors Management Corp boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,434 shares of the social networking company's stock after acquiring an additional 5,082 shares during the quarter. Heritage Investors Management Corp's holdings in Meta Platforms were worth $27,282,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Auto Owners Insurance Co lifted its holdings in shares of 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 in the last quarter. State Street Corp grew its holdings in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after buying an additional 4,395,763 shares in the last quarter. Geode Capital Management LLC raised its position in Meta Platforms by 1.7% in the 4th 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 buying an additional 878,396 shares during the last quarter. Capital World Investors lifted its stake in Meta Platforms by 0.8% in the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock valued at $26,112,735,000 after acquiring an additional 310,947 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Meta Platforms by 2.2% in the 4th quarter. Morgan Stanley now owns 37,553,102 shares of the social networking company's stock valued at $24,788,429,000 after acquiring an additional 823,883 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Up 1.0%

META stock opened at $616.77 on Friday. The stock's 50 day simple moving average is $596.16 and its 200 day simple moving average 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 debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $1.57 trillion, a P/E 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 posted its 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 for the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.14 EPS. On average, research analysts expect that Meta Platforms, Inc. will post 28.17 earnings per share for the current fiscal year.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 1,258 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $600.00, for a total transaction of $754,800.00. Following the transaction, the chief operating officer owned 1,517 shares in the company, valued at $910,200. The trade was a 45.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis Mahoney sold 1,559 shares of the company's 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 sale, the insider directly owned 1,957 shares in the company, valued at approximately $1,092,006. The trade was a 44.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 32,987 shares of company stock worth $19,202,995. Corporate insiders own 13.53% of the company's stock.

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

Analyst Ratings Changes

META has been the topic of several recent analyst reports. Wall Street Zen lowered Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. UBS Group cut their target price on shares of Meta Platforms from $766.00 to $715.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Bank of America reduced their price objective on Meta Platforms from $835.00 to $810.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Citigroup dropped their price objective on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald lowered their target price on shares of Meta Platforms from $770.00 to $680.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $785.22.

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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