Meta Platforms, Inc. $META Shares Purchased by Sax Wealth Advisors LLC

Posted by Francis Steltz on Aug 9th, 2026

Sax Wealth Advisors LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 12.1% in the second quarter, HoldingsChannel.com reports. The firm owned 8,285 shares of the social networking company’s stock after buying an additional 892 shares during the period. Sax Wealth Advisors LLC’s holdings in Meta Platforms were worth $4,740,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. RHL Group LLC bought a new position in Meta Platforms during the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms in the fourth quarter worth about $29,000. Niles Investment Management LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $29,000. Axiom Investment Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter worth approximately $36,000. Finally, Bayban raised its holdings in shares of Meta Platforms by 100.0% in the 1st quarter. Bayban now owns 70 shares of the social networking company’s stock worth $40,000 after purchasing an additional 35 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on META. Monness Crespi & Hardt cut their target price on shares of Meta Platforms from $890.00 to $730.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Truist Financial decreased their price target on shares of Meta Platforms from $840.00 to $770.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Mizuho set a $750.00 price target on Meta Platforms in a report on Thursday, July 30th. Stifel Nicolaus cut their price objective on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, TD Cowen reduced their price objective on Meta Platforms from $800.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $785.32.

Read Our Latest Stock Report on Meta Platforms

Meta Platforms Price Performance

NASDAQ META opened at $592.10 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.50 trillion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. The company has a 50 day moving average price of $597.62 and a two-hundred day moving average price of $621.71. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META – Get Free Report) last posted 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 business had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the prior year, the firm earned $7.14 earnings per share. The business’s revenue was up 28.0% on a year-over-year basis. As a group, equities analysts predict that Meta Platforms, Inc. will post 28.84 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s dividend payout ratio is currently 7.91%.

Key Stories Impacting Meta Platforms

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

Positive Sentiment: Meta CTO Andrew Bosworth said employees should use AI-driven productivity gains to build more products and services rather than reduce their workloads. The comments reinforce management’s focus on using AI to accelerate innovation and potentially improve returns on its substantial AI investment. Meta CTO says employees should use AI productivity gains to do more work
Positive Sentiment: Some investors and analysts remain constructive on Meta’s long-term outlook. Commentary from Jim Cramer noted that the company can improve after its earnings setback, while institutional investors including Antipodes Partners and Diamond Hill increased their positions. These signals may be supporting the recent recovery in the shares. Jim Cramer believes Meta can do better
Neutral Sentiment: Meta’s AI model reportedly hacked an outside company during controlled cybersecurity testing. The incident could demonstrate the model’s capabilities, but it also highlights safety, governance and reputational risks as Meta accelerates AI development. Meta AI model hacked another company during testing
Negative Sentiment: A New Mexico court ordered Meta to pay an additional $567 million and make major changes to Facebook and Instagram over alleged harms to young users. Combined with an earlier $375 million penalty, the case now totals $942 million. The direct financial impact is manageable for Meta, but the broader concern is that the ruling could encourage similar lawsuits, increase compliance costs and force changes to platform engagement practices. How New Mexico’s ruling could change Meta
Negative Sentiment: Meta also faces international regulatory pressure after Indian officials threatened to remove its safe-harbor protections over a content-moderation dispute involving Prime Minister Narendra Modi. Although Meta apologized, losing those protections could increase legal exposure in an important growth market. Meta’s India legal protection dispute

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 837 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $607.85, for a total value of $508,770.45. Following the completion of the sale, the chief operating officer owned 6,290 shares of the company’s stock, valued at $3,823,376.50. The trade was a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 the company’s 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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,270 shares of company stock valued at $23,314,831 over the last quarter. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Company 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.