SilverOak Wealth Management LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 15.4% during the second quarter, Holdings Channel.com reports. The fund owned 7,101 shares of the social networking company’s stock after purchasing an additional 949 shares during the quarter. Meta Platforms accounts for about 0.5% of SilverOak Wealth Management LLC’s holdings, making the stock its 17th biggest position. SilverOak Wealth Management LLC’s holdings in Meta Platforms were worth $4,000,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of META. Brighton Jones LLC increased its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of 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 buying an additional 875 shares during the period. Headwater Capital Co Ltd boosted its stake in shares of 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 buying an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Meta Platforms during the second quarter worth approximately $213,000. Finally, Capital & Planning LLC acquired a new stake in Meta Platforms during the second quarter worth approximately $322,000. Institutional investors and hedge funds own 79.91% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on META. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $800.00 price objective on shares of Meta Platforms in a report on Thursday, July 30th. Wells Fargo & Company reduced their target price on Meta Platforms from $835.00 to $640.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. UBS Group decreased their price target on Meta Platforms from $766.00 to $715.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Citizens Jmp dropped their price target on Meta Platforms from $800.00 to $770.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $785.00 price objective (down from $800.00) on shares of Meta Platforms in a research report on Thursday, July 30th. Four investment 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. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $785.22.
Meta Platforms Stock Down 0.9%
NASDAQ META opened at $571.10 on Friday. The business has a fifty day moving average price of $592.26 and a two-hundred day moving average price of $611.84. The stock has a market capitalization of $1.45 trillion, a PE ratio of 21.51, a PEG ratio of 0.98 and a beta of 1.25. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week 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.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly 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 business had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. During the same quarter in the previous year, the business posted $7.14 EPS. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. Equities analysts expect that Meta Platforms, Inc. will post 28.5 earnings per share for the current fiscal year.
Key Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta agreed to settle claims brought by dozens of U.S. states for up to approximately $16.7 billion to $18 billion, substantially below figures that analysts and states had discussed as potentially reaching $200 billion or more. The deal ends the trial and leaves Meta’s core advertising business, personalized recommendations and targeted advertising largely intact. Meta’s social media settlement leaves its money machine unscathed
- Positive Sentiment: Analyst support remains favorable in some quarters: Rosenblatt raised its price target to $886 and maintained a buy rating, while Benchmark and Needham reiterated hold ratings. Investors also continue to point to Meta’s advertising momentum, AI infrastructure and potential to monetize excess computing capacity. Meta price target raised by Rosenblatt
- Neutral Sentiment: The settlement requires two-hour daily limits for users under 18, overnight blocking from midnight to 6 a.m. without parental consent, muted school-hour notifications, autoplay controls, stronger age checks and expanded parental controls. The measures may reduce engagement, but could also lower future regulatory and litigation risk. Meta settles federal social media addiction trial
- Negative Sentiment: The payout could equal several months of profit, and the agreement’s restrictions may pressure usage and advertising opportunities among younger users. Critics and a case whistleblower said the changes do not adequately address mental-health harms, while the settlement reportedly gives states protection from certain future lawsuits involving children’s data. Whistleblower criticizes Meta settlement
- Negative Sentiment: Regulators in the U.K., South Korea and Australia are urging Meta to apply the safeguards globally, raising the possibility of additional compliance costs and similar actions overseas. Investors are also monitoring Meta’s heavy AI spending and reports that it could spend up to $10 billion annually on Anthropic tools. South Korea urges global youth protections
Insiders Place Their Bets
In other news, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $561.56, for a total value of $280,780.00. Following the completion of the transaction, the director owned 2,943 shares of the company’s stock, valued at approximately $1,652,671.08. This represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were 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 in the company, valued at approximately $462,024. The trade was a 90.46% 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 sold a total of 34,957 shares of company stock valued at $20,442,696 over the last ninety days. 13.53% of the stock is owned by 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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