Meta Platforms, Inc. $META Shares Purchased by Odyssean LLC

Key Points

• Odyssean LLC increased its Meta stake by 46.8% in the second quarter, bringing its holdings to 3,328 shares valued at approximately $1.875 million. Institutional investors and hedge funds collectively own 79.91% of Meta’s stock.
• Analysts remain broadly bullish, with several firms raising price targets; Meta has a consensus “Moderate Buy” rating and an average target of $785.90. The company’s AI assistant Muse is viewed as a potential growth and monetization catalyst, though heavy capital spending remains a concern.
• Meta shares recently traded near $751.66 after a 3.3% decline, while insiders sold more than 123,000 shares worth approximately $80.8 million last quarter under pre-arranged trading plans. Meta also reported revenue growth but missed quarterly EPS estimates and faces additional legal and security risks.

Odyssean LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 46.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,328 shares of the social networking company's stock after buying an additional 1,061 shares during the period. Odyssean LLC's holdings in Meta Platforms were worth $1,875,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Lotus Technology Management LP acquired a new position in Meta Platforms during the 2nd quarter worth approximately $270,000. Western Wealth Management LLC grew its stake in shares of Meta Platforms by 1.9% during the 2nd quarter. Western Wealth Management LLC now owns 28,182 shares of the social networking company's stock worth $15,875,000 after acquiring an additional 520 shares in the last quarter. First Bancorp Inc ME raised its holdings in shares of Meta Platforms by 3.4% in the second quarter. First Bancorp Inc ME now owns 614 shares of the social networking company's stock valued at $346,000 after purchasing an additional 20 shares during the last quarter. Roberts Glore & Co. Inc. IL raised its holdings in shares of Meta Platforms by 9.9% in the second quarter. Roberts Glore & Co. Inc. IL now owns 5,099 shares of the social networking company's stock valued at $2,872,000 after purchasing an additional 458 shares during the last quarter. Finally, Valtrion Capital Management LLC boosted its holdings in Meta Platforms by 8.3% during the second quarter. Valtrion Capital Management LLC now owns 1,687 shares of the social networking company's stock worth $950,000 after purchasing an additional 130 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

More 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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on META. JPMorgan Chase & Co. increased their price objective on Meta Platforms from $820.00 to $920.00 and gave the company an "overweight" rating in a report on Thursday. Evercore boosted their target price on shares of Meta Platforms from $820.00 to $860.00 in a report on Tuesday, August 25th. Jefferies Financial Group upped their price target on shares of Meta Platforms from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Tuesday. KeyCorp lifted their price target on Meta Platforms from $780.00 to $900.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Monness Crespi & Hardt lowered their price target on Meta Platforms from $890.00 to $730.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $785.90.

Insider Activity

In other news, COO Javier Olivan sold 946 shares of the firm's 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 completion of the sale, the chief operating officer directly owned 9,770 shares of the company's stock, valued at $6,646,237.90. This trade represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the sale, the chief accounting officer owned 6,271 shares of the company's stock, valued at $3,875,854.26. This trade represents a 34.07% 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. Insiders sold a total of 123,333 shares of company stock worth $80,795,845 over the last quarter. Insiders own 13.53% of the company's stock.

Meta Platforms Stock Down 3.3%

Shares of NASDAQ META opened at $751.66 on Friday. The company has a market capitalization of $1.91 trillion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $779.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company's 50 day moving average price is $615.16 and its 200-day moving average price is $613.07.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The company had revenue of $60.80 billion for 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 revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company earned $7.14 earnings per share. Equities analysts forecast that Meta Platforms, Inc. will post 27.93 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders 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 dividend yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.91%.

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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