Spectrum Investment Advisors Inc. acquired a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,029 shares of the social networking company's stock, valued at approximately $579,000. Meta Platforms comprises approximately 0.2% of Spectrum Investment Advisors Inc.'s holdings, making the stock its 28th biggest holding.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares during the period. Headwater Capital Co Ltd boosted its stake in shares of 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 in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Meta Platforms during the second quarter valued at about $213,000. Finally, Capital & Planning LLC bought a new position in Meta Platforms in the second quarter worth about $322,000. Institutional investors own 79.91% of the company's stock.
Meta Platforms Stock Performance
Shares of META stock opened at $578.02 on Friday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $790.80. The company's 50-day moving average is $592.28 and its 200 day moving average is $611.61. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current 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 (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The firm had revenue of $60.80 billion during the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm posted $7.14 earnings per share. Sell-side analysts expect that Meta Platforms, Inc. will post 28.5 EPS for the current fiscal year.
Insider Activity
In related news, Director Robert M. Kimmitt sold 500 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $561.56, for a total transaction of $280,780.00. Following the completion of the sale, the director owned 2,943 shares of the company's stock, valued at $1,652,671.08. This trade represents a 14.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, CTO Andrew Bosworth sold 7,848 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the transaction, the chief technology officer owned 828 shares of the company's stock, valued at approximately $462,024. The trade was a 90.46% 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. Over the last quarter, insiders have sold 34,957 shares of company stock valued at $20,442,696. Company insiders own 13.53% of the company's stock.
Wall Street Analysts Forecast Growth
META has been the subject of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Meta Platforms in a report on Thursday. TD Cowen reduced their target price on Meta Platforms from $800.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Phillip Securities raised Meta Platforms to a "strong-buy" rating in a research report on Monday, August 3rd. Citigroup dropped their price target on Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Erste Group Bank raised Meta Platforms from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $785.22.
Read Our Latest Stock Report on Meta Platforms
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta's social media settlement leaves its money machine unscathed
- Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$htag$: Meta's AI Bet Not Showing Returns, Yet
- Positive Sentiment: Rosenblatt raised its price target to $886 and maintained a buy rating, pointing to substantial potential upside from current levels. The stock’s valuation also remains below that of many large technology peers, strengthening the bargain argument for some investors. Meta price target raised by Rosenblatt
- Neutral Sentiment: The new teen safeguards—including time limits, muted notifications and stronger parental controls—could become a regulatory template for TikTok, YouTube, Snap and international markets. This creates industrywide compliance costs, but may also give Meta greater legal clarity. Meta settlement puts social media industry on notice
- Negative Sentiment: Investors still face execution and financial risks: age-verification technology may be unreliable, critics say the protections do not address teen mental-health concerns, and regulators in the U.K., South Korea and elsewhere may demand similar measures. Restrictions could eventually reduce teen engagement and advertising opportunities. Meta's child-safety deal and age verification
- Negative Sentiment: Meta’s substantial AI capital spending has not yet produced a proportionate revenue payoff, while an executive overseeing India and Southeast Asia is leaving for OpenAI. Those developments add to concerns about returns on investment and management stability. Meta executive leaves for OpenAI
Meta Platforms Company Profile
(
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.
Further Reading
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