Diversify Wealth Management LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 107,048 shares of the social networking company's stock after purchasing an additional 5,218 shares during the quarter. Meta Platforms accounts for 1.1% of Diversify Wealth Management LLC's portfolio, making the stock its 19th largest position. Diversify Wealth Management LLC's holdings in Meta Platforms were worth $63,573,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC raised 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 valued at $5,537,000 after purchasing an additional 875 shares during the period. Headwater Capital Co Ltd boosted its position in shares of Meta Platforms by 294.7% in 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. purchased a new position in shares of Meta Platforms during the second quarter valued at $213,000. Finally, Capital & Planning LLC purchased a new position in shares of Meta Platforms during the second quarter valued at $322,000. Institutional investors own 79.91% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on META. Bank of America reduced their price target on shares of Meta Platforms from $835.00 to $810.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Weiss Ratings downgraded Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. BNP Paribas Exane began coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an "outperform" rating for the company. Evercore restated an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 30th. Finally, Stifel Nicolaus cut their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a research report on Friday, May 1st. Four equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $785.22.
Get Our Latest Analysis on META
Meta Platforms Stock Up 1.2%
Shares of META stock opened at $578.02 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.47 trillion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25. The stock has a 50 day moving average of $592.28 and a 200-day moving average of $611.61.
Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 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 company's revenue was up 28.0% compared to the same quarter last year. During the same period last year, the firm posted $7.14 EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 28.5 EPS for the current year.
Insider Activity at Meta Platforms
In other Meta Platforms news, insider Curtis J. Mahoney sold 1,559 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $869,922.00. Following the completion of the sale, the insider owned 1,957 shares in the company, valued at approximately $1,092,006. This trade represents a 44.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company'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 transaction, the chief operating officer owned 9,498 shares of the company's stock, valued at $5,708,013.06. The trade was a 26.06% 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. In the last quarter, insiders have sold 34,957 shares of company stock worth $20,442,696. 13.53% of the stock is owned by company insiders.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta's social media settlement leaves its money machine unscathed
- Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$htag$: Meta's AI Bet Not Showing Returns, Yet
- Positive Sentiment: Rosenblatt raised its price target to $886 and maintained a buy rating, pointing to substantial potential upside from current levels. The stock’s valuation also remains below that of many large technology peers, strengthening the bargain argument for some investors. Meta price target raised by Rosenblatt
- Neutral Sentiment: The new teen safeguards—including time limits, muted notifications and stronger parental controls—could become a regulatory template for TikTok, YouTube, Snap and international markets. This creates industrywide compliance costs, but may also give Meta greater legal clarity. Meta settlement puts social media industry on notice
- Negative Sentiment: Investors still face execution and financial risks: age-verification technology may be unreliable, critics say the protections do not address teen mental-health concerns, and regulators in the U.K., South Korea and elsewhere may demand similar measures. Restrictions could eventually reduce teen engagement and advertising opportunities. Meta's child-safety deal and age verification
- Negative Sentiment: Meta’s substantial AI capital spending has not yet produced a proportionate revenue payoff, while an executive overseeing India and Southeast Asia is leaving for OpenAI. Those developments add to concerns about returns on investment and management stability. Meta executive leaves for OpenAI
Meta Platforms Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).
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