Kornitzer Capital Management Inc. KS Has $46.70 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Kornitzer Capital Management reduced its Meta Platforms position by 4.3% in the second quarter, selling 3,700 shares. It still held 82,907 shares valued at approximately $46.7 million, representing about 1% of its portfolio.
• Meta reported quarterly revenue of $60.8 billion, up 28% year over year and above estimates, but earnings of $6.18 per share missed consensus by $1.01. Institutional investors own approximately 79.9% of the company.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $785.22, although targets have been reduced by several firms. Investors continue to weigh Meta’s advertising strength against heavy AI spending, regulatory risks and recent insider selling.

Kornitzer Capital Management Inc. KS lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,907 shares of the social networking company's stock after selling 3,700 shares during the quarter. Meta Platforms accounts for about 1.0% of Kornitzer Capital Management Inc. KS's holdings, making the stock its 26th largest position. Kornitzer Capital Management Inc. KS's holdings in Meta Platforms were worth $46,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC boosted its holdings in shares of Meta Platforms by 17.4% during the first quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company's stock worth $10,299,000 after purchasing an additional 2,670 shares during the period. Keybank National Association OH increased its stake in Meta Platforms by 15.7% in the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock valued at $88,319,000 after buying an additional 18,169 shares during the period. WMS Group LLC acquired a new position in Meta Platforms in the 4th quarter valued at approximately $876,000. Vanguard Group Inc. lifted its position in Meta Platforms by 3.8% in 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 buying an additional 7,269,279 shares in the last quarter. Finally, Czech National Bank lifted its position in Meta Platforms by 4.9% in the 2nd quarter. Czech National Bank now owns 625,079 shares of the social networking company's stock worth $352,101,000 after buying an additional 29,411 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $578.02 on Monday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $790.80. The company's fifty day moving average price is $592.28 and its two-hundred day moving average price is $611.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.00 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data 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). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the previous year, the business posted $7.14 earnings per share. The firm's revenue was up 28.0% on a year-over-year basis. On average, analysts forecast that Meta Platforms, Inc. will post 28.17 earnings per share for the current fiscal year.

More Meta Platforms News

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

• Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta's social media settlement leaves its money machine unscathed
• Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$htag$: Meta's AI Bet Not Showing Returns, Yet
• Positive Sentiment: Rosenblatt raised its price target to $886 and maintained a buy rating, pointing to substantial potential upside from current levels. The stock’s valuation also remains below that of many large technology peers, strengthening the bargain argument for some investors. Meta price target raised by Rosenblatt
• Neutral Sentiment: The new teen safeguards—including time limits, muted notifications and stronger parental controls—could become a regulatory template for TikTok, YouTube, Snap and international markets. This creates industrywide compliance costs, but may also give Meta greater legal clarity. Meta settlement puts social media industry on notice
• Negative Sentiment: Investors still face execution and financial risks: age-verification technology may be unreliable, critics say the protections do not address teen mental-health concerns, and regulators in the U.K., South Korea and elsewhere may demand similar measures. Restrictions could eventually reduce teen engagement and advertising opportunities. Meta's child-safety deal and age verification
• Negative Sentiment: Meta’s substantial AI capital spending has not yet produced a proportionate revenue payoff, while an executive overseeing India and Southeast Asia is leaving for OpenAI. Those developments add to concerns about returns on investment and management stability. Meta executive leaves for OpenAI

Analysts Set New Price Targets

Several research firms have recently commented on META. Barclays lowered their price target on shares of Meta Platforms from $830.00 to $780.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Susquehanna reduced their price objective on Meta Platforms from $900.00 to $650.00 and set a "positive" rating for the company in a research report on Thursday, July 30th. Evercore restated an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 30th. TD Cowen dropped their target price 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $785.22.

Insider Buying and Selling

In other news, CFO Susan J. Li sold 9,196 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total value of $5,063,409.56. Following the transaction, the chief financial officer owned 13,186 shares of the company's stock, valued at $7,260,343.46. This trade represents a 41.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the sale, the chief technology officer owned 828 shares of the company's stock, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. 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 have sold 32,987 shares of company stock worth $19,202,995. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Company 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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