OMERS ADMINISTRATION Corp Buys 66,129 Shares of Meta Platforms, Inc. $META

OMERS ADMINISTRATION Corp grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 26.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,367 shares of the social networking company's stock after acquiring an additional 66,129 shares during the quarter. Meta Platforms accounts for 1.2% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 18th biggest holding. OMERS ADMINISTRATION Corp's holdings in Meta Platforms were worth $182,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. RHL Group LLC purchased a new position in Meta Platforms in the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $29,000. Niles Investment Management LLC purchased a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $29,000. Bayban increased its position in shares of Meta Platforms by 100.0% during the first quarter. Bayban now owns 70 shares of the social networking company's stock valued at $40,000 after acquiring an additional 35 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $42,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

More Meta Platforms News

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

• Positive Sentiment: Second-quarter revenue rose 28% year over year to $60.8 billion, exceeding the $60.2 billion consensus estimate. Advertising revenue increased 27%, ad impressions grew 14%, and average price per ad rose 12%, indicating that Meta’s core advertising business remains robust. Meta stock sinks as Q2 earnings disappoint on multiple fronts
• Positive Sentiment: Meta said Reality Labs lost more than $4.6 billion, but the loss was narrower than analysts expected. The company also continues pursuing enterprise AI, including business agents for customer service and other workplace functions. Meta's Reality Labs lost over $4.6 billion in second quarter
• Positive Sentiment: A $14 billion El Paso data-center venture with BlackRock will help Meta secure approximately one gigawatt of AI capacity while sharing financing and balance-sheet risk. The structure could reduce the immediate burden of Meta’s infrastructure buildout, although Meta remains the facility’s primary tenant. Meta, BlackRock partner on $14 billion El Paso data center
• Positive Sentiment: Some analysts remain bullish: Guggenheim reaffirmed a Buy rating with an $800 price target, while a Seeking Alpha analysis cited a normalized operating margin of roughly 36.8% after excluding legal and severance charges. Meta Platforms Q2: The Market Sells, I Buy The Dip
• Neutral Sentiment: Meta forecast third-quarter revenue of $61 billion to $64 billion, broadly around but slightly below the $63.2 billion consensus midpoint. No EPS outlook was provided in the reported guidance. Zuckerberg also promoted open AI development and opposed restrictions on Chinese AI models, positions that may support innovation but could attract regulatory scrutiny. Zuckerberg says Meta's enterprise AI opportunity extends beyond agents
• Negative Sentiment: Second-quarter EPS fell to $6.18, missing estimates near $7.1–$7.2 and declining from $7.14 a year earlier. Results were pressured by approximately $2.4 billion of legal costs and $1.2 billion of severance expenses. Meta misses profit expectations, sticks to massive AI spending
• Negative Sentiment: Meta plans to spend approximately $130 billion to $145 billion on AI and data-center infrastructure this year, with the minimum raised by $5 billion. Investors fear the spending will compress margins and free cash flow before a direct AI revenue stream is proven. Meta shares tumble as AI spending stuns Wall Street
• Negative Sentiment: COO Javier Olivan sold shares under a pre-arranged Rule 10b5-1 plan, reducing his holdings in two transactions. Because the sales were scheduled, they are a limited bearish signal but may reinforce investor caution. SEC insider transaction filing

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the sale, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Javier Olivan sold 3,348 shares of the company's 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 sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at $5,708,013.06. The trade was 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 three months, insiders sold 39,325 shares of company stock valued at $23,979,087. Company insiders own 13.53% of the company's stock.

Meta Platforms Trading Down 1.3%

NASDAQ:META opened at $585.61 on Thursday. The company has a market cap of $1.48 trillion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $603.59 and a two-hundred day simple moving average of $624.24. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing the consensus estimate of $7.19 by ($1.01). The firm 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 32.84% and a return on equity of 36.93%. Meta Platforms's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company earned $7.14 earnings per share. Research analysts forecast that Meta Platforms, Inc. will post 29.4 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued 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 yield of 0.4%. Meta Platforms's dividend payout ratio is currently 7.63%.

Analyst Ratings Changes

Several research firms recently issued reports on META. Bank of America lowered their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Wedbush assumed coverage on Meta Platforms in a report on Thursday, July 16th. They issued a "neutral" rating and a $671.00 target price for the company. Citizens Jmp decreased their price target on Meta Platforms from $825.00 to $800.00 and set an "outperform" rating for the company in a research note on Friday, July 10th. BNP Paribas Exane initiated coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an "outperform" rating on the stock. Finally, Raymond James Financial lifted their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 21st. Five research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $830.74.

Meta Platforms Company 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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