Transcend Capital Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,932 shares of the social networking company’s stock after acquiring an additional 1,853 shares during the period. Meta Platforms makes up about 0.7% of Transcend Capital Advisors LLC’s holdings, making the stock its 24th biggest position. Transcend Capital Advisors LLC’s holdings in Meta Platforms were worth $10,664,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in META. Brighton Jones LLC grew its stake in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased 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 during the last quarter. Headwater Capital Co Ltd increased 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 during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Meta Platforms during the second quarter valued at about $213,000. Finally, Capital & Planning LLC bought a new stake in Meta Platforms during the second quarter worth about $322,000. Institutional investors own 79.91% of the company’s stock.
Trending Headlines about Meta Platforms
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
Check Out Our Latest Stock Analysis on META
Insider Transactions at Meta Platforms
In other news, insider Curtis Mahoney sold 1,559 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $869,922.00. Following the completion of the transaction, the insider owned 1,957 shares in the company, valued at $1,092,006. This trade represents a 44.34% decrease in their position. 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 Li sold 9,196 shares of Meta Platforms 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 sale, the chief financial officer owned 13,186 shares in the company, valued at $7,260,343.46. This represents a 41.09% 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 32,987 shares of company stock worth $19,202,995 over the last 90 days. 13.53% of the stock is currently owned by insiders.
Meta Platforms Price Performance
META opened at $616.77 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current 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 1.06 and a beta of 1.25. The stock’s 50 day moving average price is $596.16 and its 200-day moving average price is $609.26. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $790.80.
Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the previous year, the company earned $7.14 earnings per share. Meta Platforms’s quarterly revenue was up 28.0% on a year-over-year basis. On average, equities research analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current year.
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.
Read More
- Five stocks we like better than Meta Platforms
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
