United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 13,534 Shares of Meta Platforms, Inc. $META

Key Points

• United Super reduced its Meta Platforms position by 5.5%. The fund sold 13,534 shares during the second quarter but still held 230,356 shares valued at approximately $129.8 million, making Meta its sixth-largest holding.
• Analysts remain broadly positive on Meta. The stock has a “Moderate Buy” consensus rating and an average price target of $785.22, despite recent target reductions from KeyCorp and Robert W. Baird.
• Meta’s latest quarter showed mixed results. Revenue rose 28% year over year to $60.8 billion and exceeded estimates, while earnings of $6.18 per share fell short of the $7.19 consensus forecast.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,356 shares of the social networking company's stock after selling 13,534 shares during the quarter. Meta Platforms comprises approximately 2.3% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its 6th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Meta Platforms were worth $129,757,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. RHL Group LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $28,000. Advantage Trust Co bought a new stake in shares of Meta Platforms in the 2nd quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms during the 4th quarter worth $29,000. Niles Investment Management LLC bought a new position in Meta Platforms during the fourth quarter worth about $29,000. Finally, Axiom Investment Management LLC bought a new position in Meta Platforms during the first quarter worth about $36,000. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on META shares. KeyCorp lowered their price target on Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Robert W. Baird cut their price objective on Meta Platforms from $830.00 to $750.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Mizuho set a $750.00 price objective on Meta Platforms in a research report on Thursday, July 30th. Evercore reissued an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 30th. Finally, Phillip Securities upgraded shares of Meta Platforms to a "strong-buy" rating in a report on Monday, August 3rd. Four 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 company's stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average price target of $785.22.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $616.77 on Tuesday. The company's 50-day moving average price is $597.25 and its two-hundred day moving average price is $608.89. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $790.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $1.57 trillion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 company had revenue of $60.80 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.14 EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Legal settlement may reduce uncertainty. Jim Cramer said Meta is attractively valued after a settlement eased a major legal overhang. Investors may view the resolution of litigation as improving visibility, even though the settlement carries a substantial cost. Jim Cramer Says Meta Is At the Price
• Positive Sentiment: AI infrastructure investment highlights long-term growth potential. Meta’s large Louisiana AI data-center project is generating local economic activity and underscores the company’s commitment to expanding computing capacity for AI products and services. The investment could support future monetization, although it also implies significant capital spending. Meta AI Data Center Louisiana Economy
• Neutral Sentiment: Investor attention remains elevated. Meta is trending among Zacks users, while broader coverage continues to focus on its AI strategy, advertising business and valuation. This may increase trading interest but does not represent a new fundamental catalyst by itself. Meta Trending Stock
• Negative Sentiment: Teen-safety settlement creates a major financial and regulatory burden. Reports say Meta agreed to pay up to $18 billion to resolve claims that its platforms contributed to a teen mental-health crisis. The payment could pressure cash flow and reinforce concerns about increased oversight of social-media companies, despite removing litigation uncertainty. Meta Teen Safety Settlement
• Negative Sentiment: AI governance scrutiny is intensifying. The United Nations reportedly issued a sharper warning regarding AI governance, putting pressure on Meta to address safety, accountability and potential misuse as its AI operations expand. New rules or compliance costs could weigh on future returns. Meta AI Quarter and UN Governance Warning
• Negative Sentiment: Facial-recognition lawsuit adds privacy risk. Meta is facing a suit alleging that facial-recognition technology was used to train smart-glasses systems. The claims could create additional legal costs, reputational damage and scrutiny of Meta’s wearable-AI ambitions. Meta Facial Recognition Lawsuit

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 3,348 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer directly owned 9,498 shares in the company, valued at $5,708,013.06. This trade represents a 26.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan Li sold 9,196 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the transaction, the chief financial officer directly owned 13,186 shares in the company, valued at $7,260,343.46. This trade represents a 41.09% decrease in their position. 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. Over the last three months, insiders sold 32,987 shares of company stock valued at $19,202,995. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Company 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.

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