Mosaic Family Wealth Partners LLC increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 325.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,443 shares of the social networking company's stock after purchasing an additional 4,927 shares during the quarter. Mosaic Family Wealth Partners LLC's holdings in Meta Platforms were worth $3,629,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in META. Auto Owners Insurance Co boosted its holdings in Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares in the last quarter. Norges Bank bought a new position in shares of Meta Platforms during the fourth quarter valued at $22,152,075,000. Corient Private Wealth LLC raised its position in shares of Meta Platforms by 488.1% in the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company's stock worth $3,608,445,000 after purchasing an additional 4,537,076 shares during the last quarter. State Street Corp raised its position in shares of Meta Platforms by 5.1% in the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Finally, Amundi boosted its stake in Meta Platforms by 56.2% in the 4th quarter. Amundi now owns 10,043,955 shares of the social networking company's stock worth $6,629,913,000 after purchasing an additional 3,613,211 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.
Insider Activity at Meta Platforms
In related news, CTO Andrew Bosworth sold 7,848 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 transaction of $4,379,184.00. Following the transaction, the chief technology officer owned 828 shares in the company, valued at $462,024. This represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Meta Platforms stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. This trade 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. Insiders sold 32,987 shares of company stock valued at $19,202,995 over the last ninety days. Company insiders own 13.53% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Citizens Jmp cut their price objective on shares of Meta Platforms from $800.00 to $770.00 and set a "market outperform" rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group decreased their target price on shares of Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Bank of America dropped their target price on shares of Meta Platforms from $835.00 to $810.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. UBS Group cut their price target on shares of Meta Platforms from $766.00 to $715.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, TD Cowen reduced their price target on shares of Meta Platforms from $800.00 to $750.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Four 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $785.22.
View Our Latest Analysis on Meta Platforms
Meta Platforms Price Performance
NASDAQ META opened at $616.77 on Monday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $790.80. The stock has a 50-day moving average of $596.16 and a 200 day moving average of $609.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.07 and a beta of 1.25.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 29.83% and a return on equity of 33.18%. Meta Platforms's revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.14 EPS. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current year.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
- Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
- Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI
Meta Platforms 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.
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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.
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