Zions Bancorporation National Association UT lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 50.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 15,510 shares of the social networking company’s stock after selling 15,931 shares during the quarter. Meta Platforms comprises about 0.5% of Zions Bancorporation National Association UT’s portfolio, making the stock its 24th largest position. Zions Bancorporation National Association UT’s holdings in Meta Platforms were worth $8,737,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of META. Ashton Thomas Securities LLC increased its position in shares of Meta Platforms by 17.4% during the 1st quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company’s stock worth $10,299,000 after purchasing an additional 2,670 shares during the last quarter. Keybank National Association OH boosted its stake in Meta Platforms by 15.7% during the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company’s stock worth $88,319,000 after buying an additional 18,169 shares during the period. WMS Group LLC acquired a new stake in shares of Meta Platforms during the fourth quarter valued at about $876,000. 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 acquiring an additional 7,269,279 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Meta Platforms by 4.9% in the 2nd quarter. Czech National Bank now owns 625,079 shares of the social networking company’s stock worth $352,101,000 after acquiring an additional 29,411 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
META has been the subject of several research reports. Raymond James Financial lifted their target price 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. Phillip Securities upgraded Meta Platforms to a “strong-buy” rating in a research note on Monday, August 3rd. Cantor Fitzgerald lowered their price target on Meta Platforms from $770.00 to $680.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Citigroup dropped their price objective on Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Robert W. Baird decreased 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. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $785.22.
Meta Platforms News Summary
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta’s social media settlement leaves its money machine unscathed
- Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$htag$: Meta’s AI Bet Not Showing Returns, Yet
- Positive Sentiment: Rosenblatt raised its price target to $886 and maintained a buy rating, pointing to substantial potential upside from current levels. The stock’s valuation also remains below that of many large technology peers, strengthening the bargain argument for some investors. Meta price target raised by Rosenblatt
- Neutral Sentiment: The new teen safeguards—including time limits, muted notifications and stronger parental controls—could become a regulatory template for TikTok, YouTube, Snap and international markets. This creates industrywide compliance costs, but may also give Meta greater legal clarity. Meta settlement puts social media industry on notice
- Negative Sentiment: Investors still face execution and financial risks: age-verification technology may be unreliable, critics say the protections do not address teen mental-health concerns, and regulators in the U.K., South Korea and elsewhere may demand similar measures. Restrictions could eventually reduce teen engagement and advertising opportunities. Meta’s child-safety deal and age verification
- Negative Sentiment: Meta’s substantial AI capital spending has not yet produced a proportionate revenue payoff, while an executive overseeing India and Southeast Asia is leaving for OpenAI. Those developments add to concerns about returns on investment and management stability. Meta executive leaves for OpenAI
Meta Platforms Price Performance
Shares of NASDAQ META opened at $578.02 on Monday. The stock has a market cap of $1.47 trillion, a P/E ratio of 21.77, a PEG ratio of 1.00 and a beta of 1.25. The business’s fifty day simple moving average is $592.28 and its 200-day simple moving average is $611.14. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $790.80. 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 (NASDAQ:META – Get Free Report) last released its earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. During the same period 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. As a group, equities analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Curtis J. Mahoney sold 1,559 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $869,922.00. Following the completion of the transaction, the insider directly owned 1,957 shares of the company’s stock, valued at approximately $1,092,006. The trade was a 44.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the business’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 transaction of $2,012,047.56. Following the transaction, the chief operating officer owned 9,498 shares of the company’s stock, valued at $5,708,013.06. This trade represents a 26.06% 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. Over 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.
About Meta Platforms
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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