Mirabella Financial Services LLP Has $6.50 Million Stake in Meta Platforms, Inc. $META

Mirabella Financial Services LLP boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 127.3% during the second quarter, Holdings Channel reports. The institutional investor owned 11,546 shares of the social networking company’s stock after acquiring an additional 6,466 shares during the quarter. Meta Platforms comprises about 0.6% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 21st biggest position. Mirabella Financial Services LLP’s holdings in Meta Platforms were worth $6,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Daymark Wealth Partners LLC raised its stake in shares of Meta Platforms by 114.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 35,435 shares of the social networking company’s stock valued at $19,960,000 after buying an additional 18,931 shares in the last quarter. Avion Wealth raised its position in Meta Platforms by 1.7% in the second quarter. Avion Wealth now owns 1,201 shares of the social networking company’s stock worth $676,000 after purchasing an additional 20 shares in the last quarter. Integrity Advisory Solutions LLC lifted its stake in Meta Platforms by 34.8% during the second quarter. Integrity Advisory Solutions LLC now owns 2,056 shares of the social networking company’s stock worth $1,159,000 after purchasing an additional 531 shares during the period. LJI Wealth Management LLC boosted its holdings in Meta Platforms by 3.3% during the second quarter. LJI Wealth Management LLC now owns 4,883 shares of the social networking company’s stock valued at $2,750,000 after purchasing an additional 157 shares in the last quarter. Finally, Capitol Family Office Inc. boosted its holdings in Meta Platforms by 25.7% during the second quarter. Capitol Family Office Inc. now owns 950 shares of the social networking company’s stock valued at $535,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Mizuho set a $750.00 target price on Meta Platforms in a report on Thursday, July 30th. Arete Research set a $735.00 price objective on Meta Platforms and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Citizens Jmp cut their price objective on Meta Platforms from $800.00 to $770.00 and set a “market outperform” rating for the company in a report on Thursday, July 30th. Citigroup lowered their target price on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company cut their price target on shares of Meta Platforms from $835.00 to $640.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $785.22.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 9,196 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the sale, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at $7,260,343.46. This represents a 41.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares of the company’s stock, valued at approximately $5,708,013.06. This represents a 26.06% decrease in their position. 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 have sold a total of 32,987 shares of company stock valued at $19,202,995 over the last ninety days. Company insiders own 13.53% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $572.34 on Tuesday. The business has a fifty day moving average of $592.45 and a 200-day moving average of $610.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $790.80. The firm has a market cap of $1.46 trillion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last issued 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). The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $7.14 EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Key Meta Platforms News

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

• Positive Sentiment: Meta’s AI strategy remains a potential long-term catalyst. Analysts point to its roughly $60 billion AI investment program as a way to improve ad targeting, monetization and possibly challenge Google in search and digital advertising. Meta’s $60 Billion AI Machine Could Dethrone Google Search by Year-End
• Positive Sentiment: Meta-backed Indian telecom operator Jio Platforms received regulatory approval for an initial public offering. A successful listing could provide a valuation reference for Meta’s investment and highlight the value of its strategic holdings. Meta- and Google-backed Indian telecom operator Jio Platforms gets regulatory nod for IPO
• Positive Sentiment: Some investment commentary describes META as undervalued after its shares fell well below their prior record, citing second-quarter revenue growth of 28% to $60.8 billion and the potential for a recovery. Prediction: Meta Stock Reclaims Its All-Time High Before 2029
• Neutral Sentiment: Meta has begun removing fraudulent advertisements in India that used explicit content to distribute malware. The action limits immediate user risk but underscores continuing challenges in ad-quality enforcement and platform trust. Meta removes ads for fraud apps posing as porn after India sounds alarm
• Negative Sentiment: Meta agreed to an approximately $17 billion to $18 billion settlement with U.S. states over allegations that its platforms harmed children and teens. The agreement requires stronger age verification and other safeguards, creating a substantial financial cost and potentially higher compliance expenses. Explainer: Settlement requires Meta to check young users’ ages
• Negative Sentiment: Research claiming Temu spent as much as $962 million on advertising tied to fake creators raises additional concerns about content moderation, advertiser oversight and reputational risk on Meta’s platforms. Temu spent up to $962 million on ads that helped finance an army of fake creators on Meta platforms

Meta Platforms 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.