Kornitzer Capital Management Inc. KS trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,907 shares of the social networking company’s stock after selling 3,700 shares during the quarter. Meta Platforms accounts for 1.0% of Kornitzer Capital Management Inc. KS’s portfolio, making the stock its 26th largest holding. Kornitzer Capital Management Inc. KS’s holdings in Meta Platforms were worth $46,701,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. RHL Group LLC acquired a new stake in Meta Platforms in the 4th quarter worth $28,000. Advantage Trust Co acquired a new position in shares of Meta Platforms during the second quarter valued at about $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $29,000. Niles Investment Management LLC bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $29,000. Finally, Axiom Investment Management LLC acquired a new stake in Meta Platforms during the first quarter worth about $36,000. Institutional investors and hedge funds own 79.91% of the company’s stock.
Insiders Place Their Bets
In other Meta Platforms news, CTO Andrew Bosworth sold 7,848 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $4,379,184.00. Following the sale, the chief technology officer directly owned 828 shares in the company, valued at $462,024. This represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 on Monday, August 3rd. The shares were sold at an average price of $561.56, for a total value of $280,780.00. Following the transaction, the director directly owned 2,943 shares of the company’s stock, valued at approximately $1,652,671.08. The trade was a 14.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,987 shares of company stock worth $19,202,995 over the last quarter. Corporate insiders own 13.53% of the company’s stock.
Key Headlines Impacting Meta Platforms
- Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta’s social media settlement leaves its money machine unscathed
- Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$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 META opened at $578.02 on Monday. 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 company has a 50-day moving average price of $592.28 and a two-hundred day moving average price of $611.14. The stock has a market cap of $1.47 trillion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.00 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80.
Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share 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 during the quarter, compared to the consensus estimate of $60.22 billion. During the same quarter in the prior year, the company posted $7.14 earnings per share. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. Equities analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.
Wall Street Analyst Weigh In
META has been the topic of several research reports. Truist Financial lowered their price target on Meta Platforms from $770.00 to $763.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays decreased their price objective on Meta Platforms from $830.00 to $780.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Mizuho set a $750.00 price objective on Meta Platforms in a research report on Thursday, July 30th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research note on Thursday. Finally, Citizens Jmp reduced their target price on Meta Platforms from $800.00 to $770.00 and set a “market outperform” rating for the company in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $785.22.
Get Our Latest Research Report on Meta Platforms
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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