Janney Montgomery Scott LLC Has $316.57 Million Stock Holdings in Meta Platforms, Inc. $META

Janney Montgomery Scott LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 561,995 shares of the social networking company's stock after acquiring an additional 11,382 shares during the period. Meta Platforms accounts for approximately 0.6% of Janney Montgomery Scott LLC's holdings, making the stock its 23rd largest position. Janney Montgomery Scott LLC's holdings in Meta Platforms were worth $316,566,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of META. First National Bank Sioux Falls lifted its position in shares of Meta Platforms by 0.7% in the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock worth $1,321,000 after buying an additional 14 shares during the last quarter. Levin Capital Strategies L.P. increased its holdings in shares of Meta Platforms by 1.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after acquiring an additional 14 shares during the last quarter. Vista Capital Partners Inc. increased its holdings in shares of Meta Platforms by 1.3% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after acquiring an additional 14 shares during the last quarter. Acorn Creek Capital LLC raised its stake in shares of Meta Platforms by 0.7% in the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock valued at $1,398,000 after acquiring an additional 15 shares in the last quarter. Finally, Objective Capital Management LLC lifted its holdings in Meta Platforms by 2.8% in the 4th quarter. Objective Capital Management LLC now owns 553 shares of the social networking company's stock worth $365,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Up 1.0%

Shares of META stock opened at $616.77 on Friday. The firm has a market capitalization of $1.57 trillion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $790.80. The firm's fifty day simple moving average is $596.16 and its 200 day simple moving average is $609.26. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32.

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 (EPS) for the quarter, missing the consensus estimate 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 return on equity of 33.18% and a net margin of 29.83%.The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.14 earnings per share. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current year.

Key Meta Platforms News

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

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Curtis Mahoney sold 1,559 shares of the company'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 $869,922.00. Following the completion of the transaction, the insider owned 1,957 shares of the company's stock, valued at $1,092,006. This represents a 44.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 1,258 shares of Meta Platforms stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $600.00, for a total value of $754,800.00. Following the sale, the chief operating officer directly owned 1,517 shares in the company, valued at $910,200. The trade was a 45.33% 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 sold 32,987 shares of company stock valued at $19,202,995 over the last quarter. Company insiders own 13.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on META. Benchmark reiterated a "hold" rating on shares of Meta Platforms in a report on Thursday, August 27th. Weiss Ratings cut shares of Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. Evercore reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 30th. Citigroup lowered their target price on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Susquehanna dropped their target price on shares of Meta Platforms from $900.00 to $650.00 and set a "positive" rating on the stock in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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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