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

Key Points

• Tanager Wealth Management increased its Meta stake by 9.3% in the second quarter to 8,172 shares valued at approximately $4.6 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Analysts maintain a bullish outlook, with a consensus “Moderate Buy” rating and a $785.90 price target. Recent targets included $900 from KeyCorp and $945 from Tigress Financial.
• Meta reported quarterly revenue of $60.8 billion, up 28% year over year, but earnings of $6.18 per share missed estimates. The company also declared a quarterly dividend of $0.525 per share, while recent insider selling and regulatory and AI-related risks remain potential concerns.

Tanager Wealth Management LLP raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,172 shares of the social networking company's stock after purchasing an additional 693 shares during the quarter. Tanager Wealth Management LLP's holdings in Meta Platforms were worth $4,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RHL Group LLC bought a new position in Meta Platforms during the fourth quarter worth about $28,000. Advantage Trust Co acquired a new position in Meta Platforms in the 2nd quarter valued at $28,000. Niles Investment Management LLC bought a new position in Meta Platforms during the fourth quarter worth about $29,000. Philadelphia Investment Partners LLC bought a new position in shares of Meta Platforms during the second quarter worth approximately $32,000. Finally, Axiom Investment Management LLC bought a new position in Meta Platforms during the 1st quarter worth $36,000. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on META shares. Needham & Company LLC reissued a "hold" rating on shares of Meta Platforms in a report on Thursday, August 27th. Wedbush increased their target price on Meta Platforms from $595.00 to $650.00 and gave the company a "neutral" rating in a research report on Friday, September 11th. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research note on Thursday. KeyCorp lifted their price objective on Meta Platforms from $780.00 to $900.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 23rd. Finally, Tigress Financial reiterated a "strong-buy" rating and set a $945.00 price target (down from $995.00) on shares of Meta Platforms in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $785.90.

Meta Platforms Stock Performance

NASDAQ:META opened at $751.66 on Monday. 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 firm has a 50-day moving average of $615.16 and a 200-day moving average of $612.83. The company has a market cap of $1.91 trillion, a PE ratio of 28.31, a PEG ratio of 1.31 and a beta of 1.25. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results 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). The company had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.14 EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 27.93 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 21st will be paid a $0.5250 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.91%.

Key Meta Platforms News

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

• Positive Sentiment: Muse momentum remains the main bullish catalyst. Early reviews, rising user traction and Meta’s new early-access program for upcoming Muse features are reinforcing expectations that the AI assistant could become a major consumer product and future revenue stream. Meta opens early access program for new Muse features
• Positive Sentiment: Analysts are raising price targets. Deutsche Bank, TD Cowen, Canaccord Genuity and other firms lifted targets and maintained bullish ratings, citing Muse’s potential to expand Meta beyond advertising through subscriptions, commerce and AI services. Meta price targets raised as Muse gains momentum
• Positive Sentiment: AI hardware could broaden Muse’s distribution. Meta is integrating Muse into Ray-Ban AI glasses and introducing additional wearable and VR products, creating potential new hardware, services and commerce opportunities.
• Neutral Sentiment: Friday’s decline appears largely technical. After rising roughly 36% during September and approaching a $2 trillion market value, Meta faced profit-taking and a pullback from recent highs. Bullish options activity suggests some traders continue to view the weakness as a buying opportunity.
• Neutral Sentiment: Large capital spending remains a key debate. Investors are encouraged by Meta’s AI strategy but remain uncertain whether heavy spending on infrastructure and Reality Labs will generate sufficient returns.
• Negative Sentiment: New Mexico litigation adds regulatory risk. A jury found that Meta misled state residents in a case related to the Cambridge Analytica data scandal, potentially increasing legal costs and scrutiny. Meta misled consumers in New Mexico jury case
• Negative Sentiment: A Muse security vulnerability was identified. Meta is adding clearer safety warnings after a vulnerability reportedly could expose sensitive user information, raising concerns about trust and adoption of its AI agent. Meta bolsters Muse safety warning after vulnerability
• Negative Sentiment: Competition and monetization obstacles remain. Amazon blocked Muse from accessing its platform, while privacy concerns around camera-equipped glasses and skepticism toward new AI hardware could limit Meta’s growth plans.
• Negative Sentiment: Insider selling adds a cautionary signal. Christopher Cox sold 40,000 shares and COO Javier Olivan sold shares under pre-arranged Rule 10b5-1 plans. The transactions do not necessarily indicate reduced confidence, but they add to concerns after the stock’s rapid advance.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction on Monday, September 21st. The stock was sold at an average price of $680.27, for a total transaction of $643,535.42. Following the sale, the chief operating officer directly owned 9,770 shares in the company, valued at approximately $6,646,237.90. This trade represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of Meta Platforms stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total value of $2,002,514.40. Following the sale, the chief accounting officer owned 6,271 shares in the company, valued at $3,875,854.26. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 123,333 shares of company stock valued at $80,795,845. 13.53% of the stock is owned by insiders.

Meta Platforms 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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