Turn8 Private Wealth Inc. Acquires 1,916 Shares of Meta Platforms, Inc. $META

Key Points

• Turn8 Private Wealth increased its Meta Platforms stake by 386.3% in the second quarter, buying 1,916 additional shares for a total of 2,412 shares valued at approximately $1.345 million. Institutional investors and hedge funds collectively own 79.91% of Meta’s stock.
• Meta insiders sold 32,987 shares worth roughly $19.2 million over the past 90 days, including significant sales by insider Curtis J. Mahoney and CFO Susan J. Li under pre-arranged Rule 10b5-1 plans.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $785.22 target price, despite recent target reductions. Meta reported 28% year-over-year revenue growth to $60.8 billion in its latest quarter but missed earnings expectations.

Turn8 Private Wealth Inc. grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 386.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,412 shares of the social networking company's stock after buying an additional 1,916 shares during the quarter. Turn8 Private Wealth Inc.'s holdings in Meta Platforms were worth $1,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First National Bank Sioux Falls raised its stake in shares of Meta Platforms by 0.7% in the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock worth $1,321,000 after acquiring an additional 14 shares during the last quarter. Levin Capital Strategies L.P. increased its holdings in shares of Meta Platforms by 1.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after purchasing an additional 14 shares in the last quarter. Vista Capital Partners Inc. raised 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 purchasing an additional 14 shares during the last quarter. Acorn Creek Capital LLC lifted its holdings in Meta Platforms by 0.7% during the 4th 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 in the last quarter. Finally, Objective Capital Management LLC lifted its holdings in Meta Platforms by 2.8% during the 4th quarter. Objective Capital Management LLC now owns 553 shares of the social networking company's stock worth $365,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling

In other news, insider Curtis J. Mahoney sold 1,559 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $869,922.00. Following the completion of the sale, the insider directly owned 1,957 shares of the company's stock, valued at $1,092,006. This represents a 44.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 13,186 shares in the company, valued at $7,260,343.46. This represents a 41.09% 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. Insiders have sold a total of 32,987 shares of company stock valued at $19,202,995 over the last 90 days. 13.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen cut Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Truist Financial decreased their price target on Meta Platforms from $770.00 to $763.00 and set a "buy" rating on the stock in a report on Thursday, August 27th. Wells Fargo & Company lowered their price objective on Meta Platforms from $835.00 to $640.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. DA Davidson dropped their price objective on Meta Platforms from $850.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Susquehanna cut their target price on shares of Meta Platforms from $900.00 to $650.00 and set a "positive" rating on the stock in a research report on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $785.22.

Meta Platforms Stock Up 1.1%

NASDAQ:META opened at $578.54 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $790.80. The stock's fifty day simple moving average is $592.78 and its 200-day simple moving average is $609.82. The firm has a market capitalization of $1.47 trillion, a P/E ratio of 21.79, a P/E/G ratio of 0.99 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. During the same period in the previous year, the company posted $7.14 EPS. The company's quarterly revenue was up 28.0% compared to the same quarter last year. Equities research analysts expect that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Analysts see Meta’s AI investments improving ad targeting and engagement, potentially allowing the company to challenge Google for digital-advertising leadership. The strong advertising outlook is particularly important after Meta’s latest quarter delivered 28% year-over-year revenue growth to $60.8 billion. Meta versus Google advertising analysis
• Positive Sentiment: Several reports characterize META as undervalued, citing a forward P/E of roughly 16—well below its historical average—and arguing that legal clarity plus new AI products could support substantial upside. The settlement may remove a major overhang even though it carries a large financial charge. Meta valuation and AI upside analysis
• Positive Sentiment: Wedbush reaffirmed a Neutral rating but raised or maintained a $595 price target, implying modest upside from the referenced trading level. Separately, the planned IPO of Meta-backed Indian telecom operator Jio Platforms could improve the value and liquidity of an important investment. Meta market news Jio Platforms IPO approval
• Neutral Sentiment: Meta is switching internal communications from Google Chat to Slack because management considers Slack better suited to AI agents. The move highlights Meta’s push to integrate AI into operations but is not expected to materially change near-term financial results. Meta switches to Slack
• Neutral Sentiment: Meta-backed AI startup Manus said it has resumed independent operations after China blocked Meta’s proposed acquisition. This removes some uncertainty around the transaction but also means Meta will not immediately gain full ownership of the startup. Manus resumes independent operations
• Negative Sentiment: The approximately $17 billion–$18 billion settlement over alleged harm to children creates a substantial cash cost and requires stronger age verification, potentially increasing compliance expenses and reducing young-user engagement. Critics also question whether the agreement will resolve regulatory pressure. Meta child-safety settlement requirements
• Negative Sentiment: Reports that Meta spent heavily on AI infrastructure underscore depreciation and capital-expenditure risks: investors must determine whether the spending will generate enough incremental advertising and product revenue. Meta also removed dozens of India-based malware advertisements, highlighting continuing platform-safety and reputational risks. Big Tech AI spending risks Meta removes fraudulent India ads

Meta Platforms Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source