Oppenheimer Asset Management Inc. Has $59.53 Million Stake in Meta Platforms, Inc. $META

Oppenheimer Asset Management Inc. lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,680 shares of the social networking company's stock after selling 15,046 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Meta Platforms were worth $59,528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RHL Group LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth $28,000. Advantage Trust Co acquired a new stake in shares of Meta Platforms in the 2nd quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at $29,000. Niles Investment Management LLC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at $29,000. Finally, Axiom Investment Management LLC bought a new stake in Meta Platforms in the first quarter worth $36,000. Institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms 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 $4,379,184.00. Following the transaction, the chief technology officer directly owned 828 shares of the company's stock, valued at $462,024. The trade was a 90.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the transaction, the chief financial officer owned 13,186 shares of the company's stock, valued at approximately $7,260,343.46. This trade represents a 41.09% 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 sold a total of 32,987 shares of company stock worth $19,202,995 over the last quarter. 13.53% of the stock is currently owned by company insiders.

Meta Platforms News Summary

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

• Positive Sentiment: New AI model strengthens product narrative: Meta launched Muse Spark 1.3, described as its most advanced AI model, supporting the view that the company is intensifying competition with leading AI developers and could create new monetization opportunities. Meta Platforms unveils most powerful AI model
• Positive Sentiment: $18 billion settlement removes a major overhang: The settlement of lawsuits alleging harm to children provides greater legal visibility. Analysts believe limits on teen usage should have a limited effect on revenue and that resolving the case could clear the way for accelerated AI-product launches. Meta settlement could clear the way for new AI product launches
• Positive Sentiment: Valuation is attracting buyers: Articles characterize META as undervalued at roughly 16–20 times forward earnings, well below its historical valuation, despite 28% recent revenue growth and resilient user engagement. Morgan Stanley analysts see potential for substantial upside if AI improves advertising and product growth. Meta stock looks undervalued
• Positive Sentiment: Advertising outlook remains favorable: An analyst report argues that AI-powered targeting and engagement could help Meta challenge Google for leadership in digital advertising, adding to the stock’s growth appeal. Meta versus Google digital advertising outlook
• Neutral Sentiment: Analyst stance remains cautious: Wedbush reaffirmed a neutral rating with a $595 price target, suggesting limited near-term upside despite the improving legal and AI backdrop.
• Negative Sentiment: AI spending is pressuring cash flow: Meta’s latest results showed margin compression and sharply lower free cash flow as capital expenditures increased, creating concern that returns on its large AI investments may take time.
• Negative Sentiment: Trust and safety issues persist: Meta disabled cameras on thousands of AI glasses after detecting tampering with recording lights, while it also removed scam advertisements in India linked to malware and stolen banking credentials. These incidents could increase regulatory and reputational pressure.

Analysts Set New Price Targets

META has been the topic of several recent research reports. Rosenblatt Securities raised their target price on Meta Platforms from $883.00 to $886.00 and gave the company a "buy" rating in a report on Thursday, August 27th. BNP Paribas Exane began coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an "outperform" rating for the company. Citizens Jmp lowered their price objective on Meta Platforms from $800.00 to $770.00 and set a "market outperform" rating on the stock in a report on Thursday, July 30th. Erste Group Bank raised Meta Platforms from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Finally, Wedbush restated a "neutral" rating and issued a $595.00 target price on shares of Meta Platforms in a report on Tuesday. Four investment 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $785.22.

Meta Platforms Stock Performance

Shares of META opened at $592.85 on Thursday. The company has a market capitalization of $1.51 trillion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $790.80. The company's fifty day moving average price is $593.48 and its 200 day moving average price is $609.41.

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 (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 the consensus estimate of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm's revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $7.14 earnings per share. As a group, analysts expect that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

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.

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