Saiph Capital LLC Purchases 1,826 Shares of Meta Platforms, Inc. $META

Saiph Capital LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 76.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,228 shares of the social networking company's stock after acquiring an additional 1,826 shares during the period. Meta Platforms accounts for 0.7% of Saiph Capital LLC's investment portfolio, making the stock its 20th biggest holding. Saiph Capital LLC's holdings in Meta Platforms were worth $2,382,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of META. First National Bank Sioux Falls boosted its stake in Meta Platforms by 0.7% during the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after purchasing an additional 14 shares during the period. Levin Capital Strategies L.P. increased its position in Meta Platforms by 1.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after buying an additional 14 shares during the period. Vista Capital Partners Inc. increased its position in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock worth $794,000 after buying an additional 14 shares during the period. Arcataur Capital Management LLC increased its position in Meta Platforms by 0.9% in the 4th quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock worth $1,146,000 after buying an additional 15 shares during the period. Finally, Acorn Creek Capital LLC lifted its holdings in shares of Meta Platforms by 0.7% during the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock worth $1,398,000 after buying an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, insider Curtis J. Mahoney sold 1,559 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $869,922.00. Following the completion of the transaction, the insider directly owned 1,957 shares of the company's stock, valued at approximately $1,092,006. This trade represents a 44.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Meta Platforms stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the sale, the chief financial officer owned 13,186 shares in the company, 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. In the last 90 days, insiders have sold 34,957 shares of company stock worth $20,442,696. Corporate insiders own 13.53% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on META. Needham & Company LLC reissued a "hold" rating on shares of Meta Platforms in a research report on Thursday. KeyCorp cut their target price on shares of Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Guggenheim reissued a "buy" rating and issued a $800.00 price target on shares of Meta Platforms in a report on Tuesday, July 28th. Barclays decreased their price target 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. Finally, Stifel Nicolaus dropped their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $785.22.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta agreed to settle claims brought by dozens of U.S. states for up to approximately $16.7 billion to $18 billion, substantially below figures that analysts and states had discussed as potentially reaching $200 billion or more. The deal ends the trial and leaves Meta’s core advertising business, personalized recommendations and targeted advertising largely intact. Meta's social media settlement leaves its money machine unscathed
• Positive Sentiment: Analyst support remains favorable in some quarters: Rosenblatt raised its price target to $886 and maintained a buy rating, while Benchmark and Needham reiterated hold ratings. Investors also continue to point to Meta’s advertising momentum, AI infrastructure and potential to monetize excess computing capacity. Meta price target raised by Rosenblatt
• Neutral Sentiment: The settlement requires two-hour daily limits for users under 18, overnight blocking from midnight to 6 a.m. without parental consent, muted school-hour notifications, autoplay controls, stronger age checks and expanded parental controls. The measures may reduce engagement, but could also lower future regulatory and litigation risk. Meta settles federal social media addiction trial
• Negative Sentiment: The payout could equal several months of profit, and the agreement’s restrictions may pressure usage and advertising opportunities among younger users. Critics and a case whistleblower said the changes do not adequately address mental-health harms, while the settlement reportedly gives states protection from certain future lawsuits involving children’s data. Whistleblower criticizes Meta settlement
• Negative Sentiment: Regulators in the U.K., South Korea and Australia are urging Meta to apply the safeguards globally, raising the possibility of additional compliance costs and similar actions overseas. Investors are also monitoring Meta’s heavy AI spending and reports that it could spend up to $10 billion annually on Anthropic tools. South Korea urges global youth protections

Meta Platforms Stock Performance

META opened at $571.10 on Friday. The stock's 50 day simple moving average is $592.26 and its 200-day simple moving average is $611.84. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.45 trillion, a PE ratio of 21.51, a P/E/G ratio of 0.98 and a beta of 1.25. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $790.80.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its 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 firm had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. During the same period last year, the business earned $7.14 earnings per share. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. Sell-side analysts forecast that Meta Platforms, Inc. will post 28.5 EPS 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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