MOKAN Wealth Management Inc. Acquires 1,917 Shares of Meta Platforms, Inc. $META

Key Points

• MOKAN Wealth Management increased its Meta Platforms holdings by 52.4% in the second quarter, acquiring 1,917 additional shares for a total position of 5,573 shares valued at approximately $3.14 million.
• Meta is widely favored by analysts, with a consensus “Moderate Buy” rating and average price target of $785.32, despite several firms recently lowering their targets.
• Meta reported quarterly revenue of $60.8 billion, up 28% year over year and above estimates, but its $6.18 EPS missed consensus by $1.01; investors also remain focused on rising AI spending, regulatory challenges and litigation risks.

MOKAN Wealth Management Inc. raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 52.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,573 shares of the social networking company's stock after acquiring an additional 1,917 shares during the period. MOKAN Wealth Management Inc.'s holdings in Meta Platforms were worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of META. Brighton Jones LLC grew 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 raised its holdings 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 period. Headwater Capital Co Ltd lifted its stake in 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 valued at $86,454,000 after buying an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Meta Platforms in the second quarter valued at approximately $213,000. Finally, Capital & Planning LLC acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $322,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

META has been the subject of several research reports. Wolfe Research reissued an "outperform" rating and set a $700.00 price objective on shares of Meta Platforms in a research report on Thursday, July 30th. Barclays cut their price objective on shares of Meta Platforms from $830.00 to $780.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $725.00 target price (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. KeyCorp lowered their target price on Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Finally, Arete Research set a $735.00 price target on Meta Platforms and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $785.32.

Meta Platforms Price Performance

Meta Platforms stock opened at $549.90 on Monday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $790.80. The company has a fifty day simple moving average of $593.51 and a 200 day simple moving average of $614.77. The company has a market cap of $1.40 trillion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business had revenue of $60.80 billion for the quarter, compared to the consensus estimate of $60.22 billion. During the same period last year, the firm earned $7.14 earnings per share. The company's quarterly revenue was up 28.0% compared to the same quarter last year. Research analysts anticipate that Meta Platforms, Inc. will post 28.5 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms's payout ratio is currently 7.91%.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta launched Pocket in the U.S., an AI-powered app that lets users create and share interactive games through text prompts. The product could increase engagement and expand Meta’s consumer AI ecosystem. Meta brings Pocket to U.S. users
• Positive Sentiment: Meta introduced a Mac app for Meta AI with system-wide dictation and screen-aware assistance. The company is also pricing its new Muse Code coding agent below Anthropic and OpenAI offerings, potentially helping it attract developers and build AI adoption. Meta AI launches Mac app
• Positive Sentiment: Meta’s core advertising business remains strong, with quarterly revenue rising 28% year over year to $60.8 billion. AI-related improvements to recommendations and ad delivery are supporting engagement, clicks and conversion efficiency. Meta drawdown analysis
• Neutral Sentiment: Meta is contesting the Federal Trade Commission’s effort to revive monopoly charges. The company argues that Facebook and Instagram users increasingly see recommended content rather than posts from friends, a defense that could influence the case’s regulatory implications. Meta fights FTC monopoly charges
• Neutral Sentiment: Meta’s CTO Andrew Bosworth, CFO Susan Li and insider Curtis Mahoney sold shares worth roughly $10.3 million in aggregate under pre-arranged Rule 10b5-1 plans. The transactions are limited as discretionary signals but may still affect investor sentiment. Meta insider transaction filing
• Negative Sentiment: Child-safety and social-media addiction litigation is intensifying. Testimony alleging that some safety tools were “designed to fail” raises the possibility of major damages, mandated product changes, restrictions on engagement features and pressure on advertising monetization. Meta social media lawsuit trial
• Negative Sentiment: Investors remain concerned that heavier AI capital spending will depress second-half free cash flow and increase financial pressure. Those concerns follow Meta’s quarterly EPS miss, despite its revenue beat, and have contributed to the stock’s year-to-date weakness. Meta stock investment analysis

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 1,258 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $600.00, for a total transaction of $754,800.00. Following the sale, the chief operating officer owned 1,517 shares in the company, valued at $910,200. This represents a 45.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 1,559 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $869,922.00. Following the completion of the sale, the insider directly owned 1,957 shares of the company's stock, valued at approximately $1,092,006. The trade was a 44.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,502 shares of company stock valued at $22,603,485 in the last ninety days. Insiders own 13.53% of the company's stock.

About Meta Platforms

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source