Meta Platforms, Inc. $META Shares Bought by Keebeck Wealth Management

Key Points

• Keebeck Wealth Management increased its Meta stake by 14.3% in the second quarter, buying 1,246 shares to own 9,981 shares valued at approximately $5.62 million.
• Institutional investors and hedge funds own 79.91% of Meta’s outstanding shares, while company insiders sold 60,183 shares worth about $36.7 million during the last quarter.
• Meta reported 28% year-over-year revenue growth but missed quarterly EPS expectations; despite this, analysts maintain a “Moderate Buy” consensus with an average price target of $788.88, and the company pays a $0.525 quarterly dividend.

Keebeck Wealth Management grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,981 shares of the social networking company's stock after buying an additional 1,246 shares during the period. Meta Platforms accounts for approximately 0.5% of Keebeck Wealth Management's holdings, making the stock its 28th biggest holding. Keebeck Wealth Management's holdings in Meta Platforms were worth $5,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Auto Owners Insurance Co raised its holdings in shares of Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares during the period. Geode Capital Management LLC increased its position in Meta Platforms by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after purchasing an additional 878,396 shares in the last quarter. Norges Bank purchased a new position in Meta Platforms in the fourth quarter valued at approximately $22,152,075,000. Bank of America Corp DE grew its stake in Meta Platforms by 14.6% during the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company's stock worth $12,036,491,000 after buying an additional 2,673,494 shares during the period. Finally, Invesco Ltd. grew its stake in Meta Platforms by 6.1% during the fourth quarter. Invesco Ltd. now owns 18,200,469 shares of the social networking company's stock worth $12,013,948,000 after buying an additional 1,046,715 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, CAO Aaron Anderson sold 3,240 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the sale, the chief accounting officer directly owned 6,271 shares of the company's stock, valued at approximately $3,875,854.26. This represents a 34.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the completion of the transaction, the chief financial officer directly owned 13,186 shares in the company, valued at $7,260,343.46. This represents a 41.09% 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. In the last quarter, insiders have sold 60,183 shares of company stock worth $36,673,495. Company insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $670.24 on Wednesday. The stock has a market cap of $1.71 trillion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.15 and a beta of 1.25. 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 50 day moving average of $603.98 and a 200-day moving average of $609.04. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). The company had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted $7.14 EPS. On average, analysts expect that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 21st will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 7.91%.

Analyst Ratings Changes

META has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a report on Thursday, July 30th. JPMorgan Chase & Co. raised Meta Platforms from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $640.00 to $820.00 in a research report on Thursday, September 10th. Citigroup lowered their target price on Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Needham & Company LLC reissued a "hold" rating on shares of Meta Platforms in a research report on Thursday, August 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set 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 given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $788.88.

Meta Platforms News Summary

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

• Positive Sentiment: New Meta One subscriptions could create recurring AI revenue. Meta introduced plans ranging from individual to creator and business tiers, priced from $2.99 to $499 per month, offering expanded access to AI image, video and editing tools across Facebook, Instagram, WhatsApp and Meta AI. The initiative gives investors a clearer path to monetizing AI beyond advertising. Reuters article on Meta One subscriptions
• Positive Sentiment: AI agents are being integrated into WhatsApp Business. Businesses will be able to use third-party AI agents to set up and manage customer messaging, potentially increasing WhatsApp’s commercial utility and supporting higher business adoption and revenue. TechCrunch article on WhatsApp Business AI agents
• Positive Sentiment: Analyst sentiment remains broadly favorable. Recent coverage highlights bullish views tied to Meta’s Muse AI platform, improving advertising performance and the company’s valuation relative to growth. One report says 55 analysts covering Meta have no sell ratings, while Goldman Sachs has identified further upside potential. Analyst coverage article
• Positive Sentiment: Meta reportedly plans camera-free smart glasses. The internally named Luna glasses could broaden Meta’s wearables strategy while addressing privacy concerns associated with cameras, although launch details remain unconfirmed. Reuters article on Meta’s camera-free smart glasses
• Neutral Sentiment: Meta said it will directly report child-safety cases to India’s cybercrime portal, a move that could improve regulatory cooperation but also underscores continuing scrutiny of its platforms. Article on Meta’s child-safety reporting in India
• Negative Sentiment: Regulatory and legal risks remain significant. California’s restrictions on certain youth-targeted advertising practices and a lawsuit involving alleged facial-recognition features in Meta’s smart glasses could increase legal costs and limit product functionality. Article on Meta’s regulatory risks
• Negative Sentiment: Investors continue to debate whether Meta’s aggressive AI infrastructure commitments will generate sufficient returns, particularly if interest rates remain elevated. A recent SEC filing also disclosed an insider sale worth approximately $13 million, which may weigh modestly on sentiment. Analysis of Meta’s AI spending

Meta Platforms Company Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

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