Tenet Wealth Partners LLC Purchases 1,639 Shares of Meta Platforms, Inc. $META

Key Points

• Tenet Wealth Partners acquired 1,639 Meta shares worth approximately $973,000 during the second quarter, joining several other institutions that recently initiated positions. Institutional investors and hedge funds own 79.91% of Meta’s stock.
• Meta shares have surged but recently pulled back: the stock opened at $751.66 after gaining roughly 36% in September, with a consensus analyst rating of “Moderate Buy” and an average price target of $785.90.
• AI growth prospects are balanced by significant risks. Meta’s Muse assistant, AI hardware and raised analyst targets support the bullish outlook, while heavy capital spending, regulatory litigation, security concerns and insider selling remain challenges.

Tenet Wealth Partners LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,639 shares of the social networking company's stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in shares of Meta Platforms during the second quarter valued at $6,193,000. Markowski Investments acquired a new position in Meta Platforms during the second quarter valued at $2,902,000. Old Mission Investment Co LLC acquired a new stake in Meta Platforms during the 2nd quarter worth about $825,000. Montgomery Financial Services LLC acquired a new stake in Meta Platforms during the 2nd quarter worth about $113,000. Finally, OceanIQ Capital LLC acquired a new stake in Meta Platforms during the 2nd quarter worth about $933,000. 79.91% of the stock is owned by institutional investors and hedge funds.

More Meta Platforms News

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

• Positive Sentiment: Muse momentum remains the main bullish catalyst. Early reviews, rising user traction and Meta’s new early-access program for upcoming Muse features are reinforcing expectations that the AI assistant could become a major consumer product and future revenue stream. Meta opens early access program for new Muse features
• Positive Sentiment: Analysts are raising price targets. Deutsche Bank, TD Cowen, Canaccord Genuity and other firms lifted targets and maintained bullish ratings, citing Muse’s potential to expand Meta beyond advertising through subscriptions, commerce and AI services. Meta price targets raised as Muse gains momentum
• Positive Sentiment: AI hardware could broaden Muse’s distribution. Meta is integrating Muse into Ray-Ban AI glasses and introducing additional wearable and VR products, creating potential new hardware, services and commerce opportunities.
• Neutral Sentiment: Friday’s decline appears largely technical. After rising roughly 36% during September and approaching a $2 trillion market value, Meta faced profit-taking and a pullback from recent highs. Bullish options activity suggests some traders continue to view the weakness as a buying opportunity.
• Neutral Sentiment: Large capital spending remains a key debate. Investors are encouraged by Meta’s AI strategy but remain uncertain whether heavy spending on infrastructure and Reality Labs will generate sufficient returns.
• Negative Sentiment: New Mexico litigation adds regulatory risk. A jury found that Meta misled state residents in a case related to the Cambridge Analytica data scandal, potentially increasing legal costs and scrutiny. Meta misled consumers in New Mexico jury case
• Negative Sentiment: A Muse security vulnerability was identified. Meta is adding clearer safety warnings after a vulnerability reportedly could expose sensitive user information, raising concerns about trust and adoption of its AI agent. Meta bolsters Muse safety warning after vulnerability
• Negative Sentiment: Competition and monetization obstacles remain. Amazon blocked Muse from accessing its platform, while privacy concerns around camera-equipped glasses and skepticism toward new AI hardware could limit Meta’s growth plans.
• Negative Sentiment: Insider selling adds a cautionary signal. Christopher Cox sold 40,000 shares and COO Javier Olivan sold shares under pre-arranged Rule 10b5-1 plans. The transactions do not necessarily indicate reduced confidence, but they add to concerns after the stock’s rapid advance.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 40,000 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $712.76, for a total transaction of $28,510,400.00. Following the transaction, the insider directly owned 184,516 shares of the company's stock, valued at $131,515,624.16. This represents a 17.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 946 shares of the firm's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $680.27, for a total value of $643,535.42. Following the transaction, the chief operating officer owned 9,770 shares in the company, valued at approximately $6,646,237.90. This trade represents a 8.83% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 123,333 shares of company stock valued at $80,795,845. Insiders own 13.53% of the company's stock.

Meta Platforms Trading Down 3.3%

NASDAQ:META opened at $751.66 on Friday. The stock's 50 day moving average price is $615.16 and its 200 day moving average price is $613.07. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82. The company has a market capitalization of $1.91 trillion, a P/E ratio of 28.31, a P/E/G ratio of 1.31 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 quarterly earnings data 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 business 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%. Meta Platforms's revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $7.14 EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 27.93 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.5250 per share. The ex-dividend date is Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is 7.91%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on META shares. JPMorgan Chase & Co. upped their target price on Meta Platforms from $820.00 to $920.00 and gave the company an "overweight" rating in a report on Thursday. Monness Crespi & Hardt lowered their price objective on shares of Meta Platforms from $890.00 to $730.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. HSBC dropped their price objective on shares of Meta Platforms from $905.00 to $830.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $800.00 target price (down from $850.00) on shares of Meta Platforms in a research report on Thursday, July 30th. Finally, Bank of America reissued a "buy" rating and set a $810.00 target price on shares of Meta Platforms in a research note on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $785.90.

Meta Platforms Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

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