McAdam LLC Trims Stock Holdings in Meta Platforms, Inc. $META

Key Points

• McAdam LLC reduced its Meta Platforms stake by 9.9% in the second quarter, selling 842 shares and retaining 7,629 shares valued at approximately $4.3 million. Institutional investors collectively own about 79.91% of Meta’s stock.
• Analysts remain broadly positive, with Meta receiving a consensus “Moderate Buy” rating and an average price target of $785.22, despite several firms recently lowering their targets.
• Meta’s latest quarter showed 28% year-over-year revenue growth to $60.8 billion, though earnings per share of $6.18 missed the $7.19 consensus estimate. The company is also drawing attention for advances in its Muse Spark 1.3 AI model, while insiders sold nearly $19.2 million of stock over the past 90 days.

McAdam LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,629 shares of the social networking company's stock after selling 842 shares during the period. McAdam LLC's holdings in Meta Platforms were worth $4,298,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. RHL Group LLC acquired a new stake in Meta Platforms during the fourth quarter worth approximately $28,000. Advantage Trust Co acquired a new position in Meta Platforms in the 2nd quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new position in Meta Platforms in the 4th quarter valued at $29,000. Niles Investment Management LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth $29,000. Finally, Axiom Investment Management LLC purchased a new position in shares of Meta Platforms during the 1st quarter worth $36,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Key Stories Impacting 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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on META shares. KeyCorp lowered their price objective on Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Mizuho set a $750.00 price target on Meta Platforms in a research note on Thursday, July 30th. Guggenheim restated a "buy" rating and issued a $800.00 price target on shares of Meta Platforms in a report on Tuesday, July 28th. The Goldman Sachs Group dropped their price objective on shares of Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald cut their price objective 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 analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $785.22.

Insider Activity

In other news, COO Javier Olivan sold 1,258 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $600.00, for a total value of $754,800.00. Following the completion of the sale, the chief operating officer owned 1,517 shares of the company's stock, valued at $910,200. This represents a 45.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the transaction, the chief technology officer directly owned 828 shares in the company, valued at approximately $462,024. This represents a 90.46% 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. In the last 90 days, insiders have sold 32,987 shares of company stock worth $19,202,995. Insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $616.77 on Friday. The business's fifty day moving average price is $596.16 and its 200 day moving average price is $609.26. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $790.80. 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 stock has a market capitalization of $1.57 trillion, a P/E ratio of 23.23, a PEG ratio of 1.06 and a beta of 1.25.

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 the consensus estimate of $7.19 by ($1.01). The firm had revenue of $60.80 billion for 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 was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.14 earnings per share. As a group, research analysts anticipate that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

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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