Meta Platforms, Inc. $META Shares Purchased by One Wealth Advisors LLC

Key Points

• One Wealth Advisors increased its Meta stake by 12.1% in the second quarter, bringing its holdings to 10,300 shares valued at approximately $5.8 million. Institutional investors and hedge funds collectively own 79.91% of Meta.
• Meta shares opened at $616.77, with a market capitalization of about $1.57 trillion and a 12-month trading range of $520.26 to $790.80. The company’s latest revenue rose 28% year over year to $60.8 billion, although earnings per share missed analyst estimates.
• Wall Street maintains a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $785.22. However, insiders have sold 32,987 shares worth roughly $19.2 million over the past 90 days.

One Wealth Advisors LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,300 shares of the social networking company's stock after acquiring an additional 1,114 shares during the period. Meta Platforms comprises about 0.6% of One Wealth Advisors LLC's investment portfolio, making the stock its 16th biggest holding. One Wealth Advisors LLC's holdings in Meta Platforms were worth $5,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of META. RHL Group LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth approximately $28,000. Advantage Trust Co bought a new position in Meta Platforms during the 2nd quarter worth $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms during the 4th quarter worth $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms in the fourth quarter worth $29,000. Finally, Axiom Investment Management LLC acquired a new stake in Meta Platforms in the first quarter worth $36,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $616.77 on Tuesday. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The stock's 50 day moving average price is $597.25 and its 200 day moving average price is $608.89.

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). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm had revenue of $60.80 billion for the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the previous year, the business posted $7.14 earnings per share. The business's revenue for the quarter was up 28.0% compared to the same quarter last year. Equities research analysts anticipate that Meta Platforms, Inc. will post 28.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on META. Mizuho set a $750.00 price target on shares of Meta Platforms in a report on Thursday, July 30th. Phillip Securities raised shares of Meta Platforms to a "strong-buy" rating in a report on Monday, August 3rd. Wolfe Research reiterated an "outperform" rating and issued a $700.00 price objective on shares of Meta Platforms in a research report on Thursday, July 30th. Needham & Company LLC reissued a "hold" rating on shares of Meta Platforms in a research note on Thursday, August 27th. Finally, TD Cowen reduced their target price on shares of Meta Platforms from $800.00 to $750.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $785.22.

Insiders Place Their Bets

In related news, CFO Susan 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 owned 13,186 shares of the company's stock, valued at $7,260,343.46. This trade represents a 41.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Kimmitt sold 500 shares of Meta Platforms stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $561.56, for a total value of $280,780.00. Following the transaction, the director directly owned 2,943 shares in the company, valued at approximately $1,652,671.08. The trade was a 14.52% 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 90 days, insiders have sold 32,987 shares of company stock valued at $19,202,995. 13.53% of the stock is currently owned by insiders.

Meta Platforms News Roundup

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

• Positive Sentiment: Legal settlement may reduce uncertainty. Jim Cramer said Meta is attractively valued after a settlement eased a major legal overhang. Investors may view the resolution of litigation as improving visibility, even though the settlement carries a substantial cost. Jim Cramer Says Meta Is At the Price
• Positive Sentiment: AI infrastructure investment highlights long-term growth potential. Meta’s large Louisiana AI data-center project is generating local economic activity and underscores the company’s commitment to expanding computing capacity for AI products and services. The investment could support future monetization, although it also implies significant capital spending. Meta AI Data Center Louisiana Economy
• Neutral Sentiment: Investor attention remains elevated. Meta is trending among Zacks users, while broader coverage continues to focus on its AI strategy, advertising business and valuation. This may increase trading interest but does not represent a new fundamental catalyst by itself. Meta Trending Stock
• Negative Sentiment: Teen-safety settlement creates a major financial and regulatory burden. Reports say Meta agreed to pay up to $18 billion to resolve claims that its platforms contributed to a teen mental-health crisis. The payment could pressure cash flow and reinforce concerns about increased oversight of social-media companies, despite removing litigation uncertainty. Meta Teen Safety Settlement
• Negative Sentiment: AI governance scrutiny is intensifying. The United Nations reportedly issued a sharper warning regarding AI governance, putting pressure on Meta to address safety, accountability and potential misuse as its AI operations expand. New rules or compliance costs could weigh on future returns. Meta AI Quarter and UN Governance Warning
• Negative Sentiment: Facial-recognition lawsuit adds privacy risk. Meta is facing a suit alleging that facial-recognition technology was used to train smart-glasses systems. The claims could create additional legal costs, reputational damage and scrutiny of Meta’s wearable-AI ambitions. Meta Facial Recognition Lawsuit

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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