Private Advisory Group LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,652 shares of the social networking company’s stock after selling 4,329 shares during the period. Meta Platforms makes up approximately 1.3% of Private Advisory Group LLC’s portfolio, making the stock its 20th biggest holding. Private Advisory Group LLC’s holdings in Meta Platforms were worth $24,589,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. RHL Group LLC purchased a new position in Meta Platforms in the fourth quarter worth $28,000. Strategic Wealth Advisors LLC purchased a new stake in Meta Platforms during the fourth quarter worth about $29,000. Advantage Trust Co bought a new stake in Meta Platforms in the second quarter worth about $28,000. Axiom Investment Management LLC bought a new stake in Meta Platforms in the first quarter worth about $36,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Meta Platforms during the fourth quarter valued at $42,000. 79.91% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
META has been the subject of several analyst reports. KeyCorp cut their target price on Meta Platforms from $790.00 to $780.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $810.00 target price on shares of Meta Platforms in a research note on Monday, June 1st. Bank of America cut their price target on shares of Meta Platforms from $835.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $800.00 price target on shares of Meta Platforms in a report on Thursday, July 30th. Finally, Rothschild & Co Redburn increased their target price on Meta Platforms from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $785.22.
Meta Platforms Price Performance
Shares of NASDAQ:META opened at $613.48 on Wednesday. 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 cap of $1.56 trillion, a PE ratio of 23.11, a PEG ratio of 1.07 and a beta of 1.25. The company’s fifty day moving average is $598.23 and its 200 day moving average is $608.68. 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 posted 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 for the quarter, compared to analysts’ expectations of $60.22 billion. During the same quarter in the previous year, the company earned $7.14 earnings per share. The business’s quarterly revenue was up 28.0% on a year-over-year basis. Research analysts anticipate that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched Muse, a personal AI agent that can interact with Facebook, Instagram and third-party applications to perform tasks such as sending emails, booking travel, shopping and making payments. The product includes free and paid subscription tiers, offering a potential new revenue stream beyond digital advertising. Meta launches AI agent that can access other apps to send emails, make payments
- Positive Sentiment: The rollout follows the release of Muse Spark 1.3, a model aimed at coding and extended agentic tasks. Investors viewed the development as evidence that Meta’s substantial AI investment could eventually generate financial returns; Bank of America reportedly continues to see meaningful upside in the stock. Meta stock jumps 4% after Muse Spark 1.3: why BofA still sees 32% upside
- Positive Sentiment: Meta and Panmnesia proposed a data-center architecture designed to connect computing resources more tightly for extremely large AI models. The initiative supports Meta’s strategy of building extensive AI infrastructure and could improve long-term computing efficiency. One Chip, One Datacenter: Meta and Panmnesia Extend Tight Coupling Beyond the Rack with CXL
- Neutral Sentiment: Analysts and investors remain divided over Meta’s large AI infrastructure spending, reportedly including a potential $130 billion capital-expenditure commitment. Strong advertising growth and user monetization support the investment case, but the scale of spending raises execution and return-on-investment concerns. Wall Street Keeps Asking How Much Meta Will Spend
- Negative Sentiment: Muse increases Meta’s exposure to privacy, security and consumer-trust concerns because it can access sensitive information and act across other applications. Reports noted internal concerns about potential misuse or mishandling of personal data, which could increase regulatory and reputational risks. Meta pushes into personal AI agents as company faces public reckoning over privacy and safety
- Negative Sentiment: Meta faces continuing legal pressure, including a reported lawsuit alleging facial-recognition data was used to train smart-glasses systems. Separately, the company’s chief accounting officer sold 3,240 shares under a pre-arranged Rule 10b5-1 plan; the planned nature of the sale reduces its significance, but insider selling may weigh modestly on sentiment.
Insider Activity at Meta Platforms
In related news, CAO Aaron Anderson sold 3,240 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the transaction, the chief accounting officer directly owned 6,271 shares in the company, valued at $3,875,854.26. This trade represents a 34.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Meta Platforms 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 $4,379,184.00. Following the completion of the transaction, the chief technology officer directly owned 828 shares in the company, valued at $462,024. This trade represents a 90.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,227 shares of company stock worth $21,205,509 over the last three months. Corporate insiders own 13.53% of the company’s stock.
Meta Platforms Profile
Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company’s principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.
Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.
The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.
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