Meta Platforms, Inc. $META Shares Sold by Pinpoint Asset Management Singapore Pte. Ltd.

Key Points

• Pinpoint Asset Management Singapore reduced its Meta stake by 32.8% in the second quarter, selling 4,535 shares and retaining 9,303 shares valued at approximately $5.24 million.
• Meta insiders have also been selling shares: CFO Susan Li and COO Javier Olivan sold stock under pre-arranged Rule 10b5-1 plans, while insiders sold nearly $19.2 million worth of shares over the past 90 days.
• Meta shares opened at $616.77, with the company reporting strong 28% year-over-year revenue growth but missing quarterly EPS estimates. Analysts maintained a “Moderate Buy” consensus rating with an average price target of $785.22.

Pinpoint Asset Management Singapore Pte. Ltd. cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,303 shares of the social networking company's stock after selling 4,535 shares during the period. Meta Platforms comprises approximately 1.1% of Pinpoint Asset Management Singapore Pte. Ltd.'s portfolio, making the stock its 19th largest position. Pinpoint Asset Management Singapore Pte. Ltd.'s holdings in Meta Platforms were worth $5,240,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC grew its stake in 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 buying an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its position in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after buying an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Meta Platforms during the second quarter worth approximately $213,000. Finally, Capital & Planning LLC purchased a new stake in Meta Platforms in the second quarter valued at approximately $322,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insiders Place Their Bets

In other news, CFO Susan J. Li sold 9,196 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the transaction, the chief financial officer directly owned 13,186 shares of the company's stock, valued at $7,260,343.46. This represents a 41.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares of the company's stock, valued at $5,708,013.06. This represents a 26.06% 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. Over the last ninety days, insiders sold 32,987 shares of company stock worth $19,202,995. Insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $616.77 on Tuesday. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The company has a 50-day moving average price of $597.25 and a 200 day moving average price of $608.89. The company has a market cap of $1.57 trillion, a P/E ratio of 23.23, a PEG ratio of 1.07 and a beta of 1.25. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32.

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 analysts' consensus estimates of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the company posted $7.14 earnings per share. Research analysts predict that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on META. Piper Sandler reissued an "overweight" rating and issued a $785.00 price objective (down from $800.00) on shares of Meta Platforms in a report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $810.00 target price on shares of Meta Platforms in a report on Monday, June 1st. Monness Crespi & Hardt reduced their price target on shares of Meta Platforms from $890.00 to $730.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Wolfe Research reiterated an "outperform" rating and set a $700.00 price target on shares of Meta Platforms in a research note on Thursday, July 30th. Finally, UBS Group lowered their price objective on shares of Meta Platforms from $766.00 to $715.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Four 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $785.22.

Key Headlines Impacting Meta Platforms

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 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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