SilverOak Wealth Management LLC Has $4 Million Position in Meta Platforms, Inc. $META

SilverOak Wealth Management LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,101 shares of the social networking company’s stock after buying an additional 949 shares during the quarter. Meta Platforms makes up 0.5% of SilverOak Wealth Management LLC’s portfolio, making the stock its 17th largest position. SilverOak Wealth Management LLC’s holdings in Meta Platforms were worth $4,000,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of META. Vanguard Group Inc. increased its position in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co grew its stake in shares of Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock valued at $69,502,379,000 after buying an additional 105,154,977 shares in the last quarter. State Street Corp increased its holdings in Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after buying an additional 4,395,763 shares during the last quarter. Geode Capital Management LLC increased its holdings in Meta Platforms by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock worth $34,734,628,000 after buying an additional 878,396 shares during the last quarter. Finally, Capital World Investors raised its position in Meta Platforms by 0.8% during the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock worth $26,112,735,000 after acquiring an additional 310,947 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of META opened at $571.10 on Friday. The firm has a market capitalization of $1.45 trillion, a PE ratio of 21.51, a PEG ratio of 0.98 and a beta of 1.25. The company’s 50-day moving average is $592.26 and its 200-day moving average is $611.84. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23.

Meta Platforms (NASDAQ:META) last posted its 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 for the quarter, compared to analyst estimates of $60.22 billion. During the same quarter in the prior year, the business posted $7.14 EPS. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. Equities analysts forecast that Meta Platforms, Inc. will post 28.5 EPS for the current year.

Key Meta Platforms News

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

• Positive Sentiment: Meta agreed to settle claims brought by dozens of U.S. states for up to approximately $16.7 billion to $18 billion, substantially below figures that analysts and states had discussed as potentially reaching $200 billion or more. The deal ends the trial and leaves Meta’s core advertising business, personalized recommendations and targeted advertising largely intact. Meta’s social media settlement leaves its money machine unscathed
• Positive Sentiment: Analyst support remains favorable in some quarters: Rosenblatt raised its price target to $886 and maintained a buy rating, while Benchmark and Needham reiterated hold ratings. Investors also continue to point to Meta’s advertising momentum, AI infrastructure and potential to monetize excess computing capacity. Meta price target raised by Rosenblatt
• Neutral Sentiment: The settlement requires two-hour daily limits for users under 18, overnight blocking from midnight to 6 a.m. without parental consent, muted school-hour notifications, autoplay controls, stronger age checks and expanded parental controls. The measures may reduce engagement, but could also lower future regulatory and litigation risk. Meta settles federal social media addiction trial
• Negative Sentiment: The payout could equal several months of profit, and the agreement’s restrictions may pressure usage and advertising opportunities among younger users. Critics and a case whistleblower said the changes do not adequately address mental-health harms, while the settlement reportedly gives states protection from certain future lawsuits involving children’s data. Whistleblower criticizes Meta settlement
• Negative Sentiment: Regulators in the U.K., South Korea and Australia are urging Meta to apply the safeguards globally, raising the possibility of additional compliance costs and similar actions overseas. Investors are also monitoring Meta’s heavy AI spending and reports that it could spend up to $10 billion annually on Anthropic tools. South Korea urges global youth protections

Insider Activity

In other news, Director Robert M. Kimmitt sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $561.56, for a total transaction of $280,780.00. Following the completion of the sale, the director owned 2,943 shares in the company, valued at $1,652,671.08. The trade was a 14.52% 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, CTO Andrew Bosworth sold 7,848 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were 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. The trade was a 90.46% 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. Over the last three months, insiders sold 34,957 shares of company stock valued at $20,442,696. Company insiders own 13.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $800.00 price objective on shares of Meta Platforms in a research report on Thursday, July 30th. TD Cowen dropped their target price on shares of Meta Platforms from $800.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and issued a $700.00 target price on shares of Meta Platforms in a research note on Thursday, July 30th. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Rothschild & Co Redburn boosted their price target on Meta Platforms from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Four equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $785.22.

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.