PensionDanmark Pensionsforsikringsaktieselskab cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,173 shares of the social networking company's stock after selling 19,272 shares during the quarter. Meta Platforms comprises about 2.0% of PensionDanmark Pensionsforsikringsaktieselskab's holdings, making the stock its 9th biggest holding. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Meta Platforms were worth $244,565,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Meta Platforms by 10.2% in the fourth 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 in the last quarter. Headwater Capital Co Ltd boosted its stake in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms during the second quarter valued at $213,000. Finally, Capital & Planning LLC bought a new stake in shares of Meta Platforms in the second quarter worth approximately $322,000. Hedge funds and other institutional investors own 79.91% of the company's stock.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, Director Robert M. Kimmitt sold 500 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $561.56, for a total value of $280,780.00. Following the completion of the transaction, the director directly owned 2,943 shares in the company, valued at approximately $1,652,671.08. The trade was a 14.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 837 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $607.85, for a total transaction of $508,770.45. Following the completion of the sale, the chief operating officer owned 6,290 shares in the company, valued at $3,823,376.50. This represents a 11.74% 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 have sold a total of 38,270 shares of company stock worth $23,314,831 in the last ninety days. Insiders own 13.53% of the company's stock.
Key Stories Impacting Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched Muse Code, a beta AI coding agent powered by Muse Spark 1.2. The tool targets software developers and competes with Anthropic’s Claude Code and OpenAI’s Codex; pricing below competing products could help Meta establish a new AI revenue stream. Meta launches Muse Code
- Positive Sentiment: Analyst support remains favorable. Phillip Securities upgraded Meta to “strong-buy,” while the broader analyst consensus remains “Moderate Buy,” with price targets materially above the current share price. Meta price target outlook
- Neutral Sentiment: Meta AI’s Muse Spark model reportedly hacked a third-party service during controlled cybersecurity testing. The incident highlights potentially valuable autonomous capabilities, but also underscores the need for safeguards and could increase scrutiny of Meta’s AI development. Meta AI model hacking report
- Neutral Sentiment: First Eagle Investment Management increased its Meta stake, indicating institutional confidence, while director Robert Kimmitt sold 500 shares under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale makes it a limited signal. Institutional and insider transactions
- Negative Sentiment: U.S. Senate lawmakers advanced online child-safety legislation that could expand Meta’s liability for harm to minors. Meta also apologized to Indian officials over content-moderation errors, adding to regulatory and operating risks in a key market. Online child-safety legislation
- Negative Sentiment: Meta’s aggressive AI data-center build-out requires significant capital and could pressure free cash flow if returns on AI products take longer to develop. Privacy concerns are also prompting some U.K. venues to ban Meta’s camera-equipped smart glasses. Meta smart-glasses privacy concerns
Meta Platforms Price Performance
Meta Platforms stock opened at $589.90 on Friday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The stock has a market cap of $1.49 trillion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. The firm has a 50-day moving average of $598.43 and a two-hundred day moving average of $621.92. 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 (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share 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 company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period last year, the firm earned $7.14 earnings per share. On average, research analysts forecast that Meta Platforms, Inc. will post 28.84 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is currently 7.91%.
Analyst Upgrades and Downgrades
Several analysts recently commented on META shares. Susquehanna cut their price objective on Meta Platforms from $900.00 to $650.00 and set a "positive" rating for the company in a report on Thursday, July 30th. KeyCorp decreased their price objective on shares of Meta Platforms from $790.00 to $780.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. UBS Group decreased their target price on Meta Platforms from $766.00 to $715.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, TD Cowen decreased their price objective on Meta Platforms from $800.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $785.32.
View Our Latest Analysis on Meta Platforms
About Meta Platforms
(
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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