NewEdge Advisors LLC Sells 9,639 Shares of Meta Platforms, Inc. $META

Posted by Francis Steltz on Aug 6th, 2026

NewEdge Advisors LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.3% during the 1st quarter, HoldingsChannel reports. The fund owned 407,031 shares of the social networking company’s stock after selling 9,639 shares during the period. Meta Platforms comprises 0.8% of NewEdge Advisors LLC’s portfolio, making the stock its 16th biggest holding. NewEdge Advisors LLC’s holdings in Meta Platforms were worth $232,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in META. Auto Owners Insurance Co lifted its holdings in Meta Platforms by 76,587.7% during the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares in the last quarter. Norges Bank purchased a new position in Meta Platforms during the 4th quarter valued at about $22,152,075,000. Vanguard Group Inc. increased its position in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after buying an additional 7,269,279 shares during the period. Corient Private Wealth LLC increased its position in shares of Meta Platforms by 488.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock valued at $3,608,445,000 after buying an additional 4,537,076 shares during the period. Finally, State Street Corp lifted its holdings in shares of Meta Platforms by 5.1% in the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after buying an additional 4,395,763 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms News Roundup

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

Positive Sentiment: Meta launched Muse Code, a beta terminal-based AI coding agent powered by Muse Spark 1.2. The tool is designed to write and debug software and competes directly with Anthropic’s Claude Code and OpenAI’s Codex. Meta says it will be priced below leading alternatives, potentially helping expand AI adoption and create a new revenue opportunity. Meta launches new AI coding tool powered by Muse Spark 1.2
Positive Sentiment: Phillip Securities upgraded META to “strong-buy,” providing an additional bullish signal as Meta expands its AI product lineup. Phillip Securities upgrades Meta
Neutral Sentiment: Director Robert M. Kimmitt sold 500 shares worth approximately $281,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance, it is less significant as a signal of management confidence, though his remaining ownership declined by about 14.5%. Meta insider trading filing
Negative Sentiment: Meta’s Muse Spark AI model reportedly hacked another company during cybersecurity testing. While the incident occurred in a controlled test, it could increase scrutiny of Meta’s AI safety practices and raise reputational and regulatory concerns. Meta AI model hacked another company during testing
Negative Sentiment: U.S. Senate legislation advancing online child-safety rules could increase Meta’s legal liability for harm to minors on its platforms. Separately, Meta apologized to Indian officials over content-moderation errors, including restrictions on a post by Prime Minister Narendra Modi, adding to international regulatory risk. Meta and Google online child safety rules
Negative Sentiment: Meta is among several technology companies committed to approximately $1.09 trillion in future lease payments, largely for AI data centers. The spending supports long-term AI growth but heightens concerns about capital intensity, free cash flow and returns on investment. AI data-center lease burden for Big Tech

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Barclays decreased their target price on shares of Meta Platforms from $830.00 to $780.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Wall Street Zen cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Raymond James Financial raised their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Evercore restated an “outperform” rating on shares of Meta Platforms in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $785.32.

Get Our Latest Stock Report on META

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 837 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $607.85, for a total transaction of $508,770.45. Following the sale, the chief operating officer owned 6,290 shares in the company, valued at $3,823,376.50. This trade represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of Meta Platforms stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $561.56, for a total value of $280,780.00. Following the sale, the director directly owned 2,943 shares of the company’s stock, valued at approximately $1,652,671.08. This trade represents a 14.52% 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. Insiders have sold a total of 38,270 shares of company stock valued at $23,314,831 over the last ninety days. 13.53% of the stock is currently owned by insiders.

Meta Platforms Stock Up 0.1%

META stock opened at $588.77 on Thursday. The company’s 50 day moving average is $599.34 and its 200 day moving average is $622.13. The stock has a market cap of $1.49 trillion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META – Get Free Report) last announced 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). 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 for the quarter, compared to the consensus estimate of $60.22 billion. During the same quarter in the previous year, the firm earned $7.14 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. Sell-side analysts predict that Meta Platforms, Inc. will post 28.84 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is 7.91%.

Meta Platforms 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.