Meta Platforms, Inc. $META Stock Bought by InTrack Investment Management Inc

Key Points

• InTrack Investment Management increased its Meta stake by 13.2% in the second quarter, bringing its holdings to 6,151 shares valued at approximately $3.47 million. Institutional investors and hedge funds collectively own 79.91% of Meta.
• Wall Street remains broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $780.12; several firms recently raised their targets to between $770 and $897.
• Meta’s shares have surged near their 12-month high, although the company missed quarterly EPS estimates despite 28% year-over-year revenue growth. Insiders have also sold more than $80.8 million of stock over the past 90 days, while Meta maintains a quarterly dividend of $0.525 per share.

InTrack Investment Management Inc increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,151 shares of the social networking company's stock after buying an additional 715 shares during the quarter. Meta Platforms accounts for about 1.7% of InTrack Investment Management Inc's portfolio, making the stock its 18th largest position. InTrack Investment Management Inc's holdings in Meta Platforms were worth $3,465,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RHL Group LLC acquired a new stake in Meta Platforms in the 4th quarter worth approximately $28,000. Advantage Trust Co acquired a new position in Meta Platforms during the 2nd quarter valued at approximately $28,000. Philadelphia Investment Partners LLC acquired a new position in Meta Platforms during the 2nd quarter valued at approximately $32,000. Axiom Investment Management LLC acquired a new position in Meta Platforms during the 1st quarter valued at approximately $36,000. Finally, Bayban raised its holdings in shares of Meta Platforms by 100.0% in the first quarter. Bayban now owns 70 shares of the social networking company's stock worth $40,000 after buying an additional 35 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on META. Guggenheim restated a "buy" rating and issued a $800.00 target price on shares of Meta Platforms in a research note on Tuesday, July 28th. Royal Bank Of Canada reiterated an "outperform" rating and set a $770.00 price target on shares of Meta Platforms in a research note on Thursday. President Capital raised Meta Platforms from a "neutral" rating to a "buy" rating and increased their price objective for the company from $660.00 to $897.00 in a report on Thursday. Wells Fargo & Company raised their price objective on Meta Platforms from $640.00 to $796.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $886.00 target price on shares of Meta Platforms in a report on Wednesday, September 16th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $780.12.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Muse is strengthening Meta’s AI growth narrative. Muse reportedly reached the top of Apple’s U.S. free-app rankings and recorded approximately 642,000 U.S. daily active users during its first 12 days—outpacing ChatGPT’s early adoption at a comparable stage. Analysts see potential revenue from subscriptions, advertising, commerce and business services. Meta unveils Muse Charm handheld device as AI agent's user base grows
• Positive Sentiment: Meta unveiled a broader AI hardware ecosystem. The company announced the Muse Charm handheld device for a planned December launch, camera-free Ray-Ban Meta Audio glasses and $1,299 Meta VR Glasses. Investors view these products as potential distribution channels for Muse and evidence that Meta is moving beyond advertising. Mark Zuckerberg debuts Meta VR Glasses and Muse Charm
• Positive Sentiment: Analyst price targets moved higher. JPMorgan raised its target to $920, Tigress Financial to $995, Loop Capital to $955, and Citizens JMP to $885. Several firms cited Muse’s potential to become a major consumer AI platform and a new monetization engine. Meta stock rises as analysts raise price targets
• Positive Sentiment: Agentic commerce could expand Meta’s revenue sources. Shopify, Instacart and other commerce partners are helping Muse facilitate transactions, potentially allowing Meta to earn fees on purchases rather than relying solely on ad impressions. Amazon blocked Meta’s AI shopping agent
• Neutral Sentiment: Short-interest data is inconclusive. One report described a large increase in short interest but also listed total short interest at zero shares, indicating a likely data inconsistency rather than a meaningful change in bearish positioning.
• Negative Sentiment: Investors are questioning the cost of Meta’s AI push. Capital spending is projected to approach $145 billion, while reports point to sharply lower free cash flow. The stock’s strong recent rally also raises the risk of profit-taking and a valuation reset if monetization takes longer than expected. Meta surpassed Wall Street’s price target
• Negative Sentiment: Competition and privacy concerns remain. Amazon blocked Muse from accessing its marketplace, while backlash over camera-equipped glasses and broader AI privacy issues could slow adoption or increase regulatory scrutiny. Several Meta insiders also sold shares under pre-arranged trading plans.

Insider Buying and Selling

In related news, COO Javier Olivan sold 3,348 shares of the business's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. The trade was a 26.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher K. Cox sold 40,000 shares of the company's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $712.76, for a total transaction of $28,510,400.00. Following the transaction, the insider owned 184,516 shares of the company's stock, valued at $131,515,624.16. This represents a 17.82% 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. Insiders have sold a total of 123,333 shares of company stock worth $80,795,845 in the last ninety days. 13.53% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $777.59 on Friday. 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 stock has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.28 and a beta of 1.25. The firm's 50 day simple moving average is $613.05 and its 200-day simple moving average is $612.10. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 firm 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. Analysts expect that Meta Platforms, Inc. will post 27.93 EPS for the current year.

Meta Platforms Announces Dividend

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

About Meta Platforms

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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