VCI Wealth Management LLC Boosts Stock Position in Meta Platforms, Inc. $META

Key Points

• VCI Wealth Management increased its Meta position by 33.1% in the second quarter, ending with 11,562 shares valued at approximately $6.5 million. Institutional investors collectively own 79.91% of Meta’s stock.
• Analysts maintain a generally positive outlook, with Meta holding a consensus “Moderate Buy” rating and an average price target of $785.22, despite several firms lowering their targets.
• Meta’s shares traded around $616.77, while the company reported 28% year-over-year revenue growth to $60.8 billion in its latest quarter but missed analysts’ EPS estimate. Recent insider activity was also negative, with executives selling shares under pre-arranged trading plans.

VCI Wealth Management LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 33.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,562 shares of the social networking company's stock after purchasing an additional 2,875 shares during the quarter. Meta Platforms makes up approximately 1.6% of VCI Wealth Management LLC's investment portfolio, making the stock its 18th largest holding. VCI Wealth Management LLC's holdings in Meta Platforms were worth $6,513,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. Headwater Capital Co Ltd boosted its stake in Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Meta Platforms in the second quarter worth $213,000. Finally, Capital & Planning LLC purchased a new position in Meta Platforms in the second quarter worth $322,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

More Meta Platforms News

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

• Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
• Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
• Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI

Analysts Set New Price Targets

META has been the topic of a number of recent analyst reports. Monness Crespi & Hardt reduced their price target on Meta Platforms from $890.00 to $730.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Bank of America lowered their price objective on Meta Platforms from $835.00 to $810.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Robert W. Baird dropped their target price on Meta Platforms from $830.00 to $750.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Susquehanna reduced their target price on Meta Platforms from $900.00 to $650.00 and set a "positive" rating on the stock in a research report on Thursday, July 30th. Finally, Raymond James Financial increased their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average price target of $785.22.

Meta Platforms Trading Up 1.0%

NASDAQ:META opened at $616.77 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The firm has a fifty day simple moving average of $596.16 and a 200-day simple moving average of $609.26. 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 company has a market capitalization of $1.57 trillion, a P/E ratio of 23.23, a PEG ratio of 1.07 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 (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 analyst estimates 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 period in the previous year, the company earned $7.14 earnings per share. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Insider Buying and Selling at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction dated 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 sale, the chief technology officer owned 828 shares of the company's stock, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the sale, the chief financial officer owned 13,186 shares in the company, valued at approximately $7,260,343.46. This represents a 41.09% decrease in their position. 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 quarter, insiders have sold 32,987 shares of company stock worth $19,202,995. 13.53% of the stock is owned by corporate insiders.

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.

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