Meta Platforms, Inc. $META Shares Bought by Jag Capital Management LLC

Key Points

• Jag Capital Management increased its Meta Platforms stake by 33.4% in the first quarter, buying 15,595 additional shares and bringing its total to 62,273 shares worth about $35.6 million.
• Wall Street sentiment remains mostly upbeat: several analysts raised or maintained bullish ratings, and the consensus price target is about $835.64, reflecting expectations for further upside.
• Meta continues to benefit from strong fundamentals and AI optimism, but investors are also watching legal, regulatory, and spending risks, including an Instagram trial, moderation issues, and heavy AI infrastructure costs.

Jag Capital Management LLC grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,273 shares of the social networking company's stock after purchasing an additional 15,595 shares during the period. Meta Platforms makes up approximately 4.0% of Jag Capital Management LLC's holdings, making the stock its 7th biggest position. Jag Capital Management LLC's holdings in Meta Platforms were worth $35,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of META. Brighton Jones LLC raised its position in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. Headwater Capital Co Ltd increased its position in shares of Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in shares of Meta Platforms in the second quarter worth $213,000. Finally, Capital & Planning LLC purchased a new position in Meta Platforms during the 2nd quarter valued at about $322,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms News Summary

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

• Positive Sentiment: Wells Fargo raised its price target on Meta and kept an overweight rating, signaling expectations for meaningful upside from current levels. Benzinga report on Wells Fargo target hike
• Positive Sentiment: Rothschild & Co Redburn also boosted its target and reiterated a buy rating, reflecting growing optimism that Meta can monetize AI more effectively. Benzinga report on Rothschild & Co Redburn target hike
• Positive Sentiment: Multiple reports highlighted Meta’s expanding AI strategy, including possible cloud/compute sales and large enterprise deals, which could create a new revenue stream and support margins over time.
• Positive Sentiment: Bank of America said Meta is positioned to beat second-quarter expectations, citing healthy ad demand and AI-driven improvements ahead of earnings later this month.
• Positive Sentiment: Wall Street commentary continues to frame Meta as a key beneficiary of the AI spending boom, with investors watching whether infrastructure investment can be monetized faster than expected.
• Neutral Sentiment: A comparison piece versus Pinterest and a broader “Mag 7” article mainly added background, but did not change the core investment thesis for META.
• Negative Sentiment: Meta is facing a Tennessee trial over claims that Instagram was designed to be addictive and contributed to youth mental-health issues, adding legal and regulatory risk.
• Negative Sentiment: A New York Times report said Meta’s AI moderation mistakenly banned user accounts, raising questions about product reliability and trust in its automated systems.
• Negative Sentiment: Ongoing investor concerns remain around heavy AI spending, data-center financing, and whether returns on that capital will justify the expense.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 500 shares of Meta Platforms stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total transaction of $303,875.00. Following the sale, the director directly owned 3,443 shares of the company's stock, valued at $2,092,483.25. This trade represents a 12.68% decrease in their ownership of the stock. The transaction 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 J. Mahoney sold 2,079 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the transaction, the insider directly owned 1,118 shares of the company's stock, valued at approximately $681,890.56. This trade represents a 65.03% 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. Over the last 90 days, insiders sold 37,948 shares of company stock worth $23,184,319. Company insiders own 13.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on META shares. Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a research report on Tuesday, June 2nd. UBS Group decreased their target price on shares of Meta Platforms from $865.00 to $766.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Benchmark began coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They set a "buy" rating on the stock. Cantor Fitzgerald dropped their price target on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Finally, Piper Sandler assumed coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an "overweight" rating for the company. Five analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $835.64.

Meta Platforms Stock Down 0.3%

Shares of META stock opened at $643.81 on Wednesday. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The stock's 50 day simple moving average is $604.93 and its 200 day simple moving average is $626.52.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms's revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company earned $6.43 earnings per share. As a group, research analysts predict that Meta Platforms, Inc. will post 29.47 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio is 7.63%.

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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