CoreCap Advisors LLC Sells 2,210 Shares of Meta Platforms, Inc. $META

CoreCap Advisors LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 13.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,207 shares of the social networking company’s stock after selling 2,210 shares during the quarter. CoreCap Advisors LLC’s holdings in Meta Platforms were worth $8,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. RHL Group LLC bought a new position in Meta Platforms during the 4th quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms in the fourth quarter worth $29,000. Axiom Investment Management LLC purchased a new stake in shares of Meta Platforms in the first quarter worth $36,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth $42,000. Finally, Bayban increased its holdings in shares of Meta Platforms by 100.0% during the first quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

META opened at $588.77 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 22.18, a P/E/G ratio of 0.99 and a beta of 1.25. The company’s 50-day simple moving average is $599.34 and its two-hundred day simple moving average is $622.13. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 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 during the quarter, compared to the consensus estimate of $60.22 billion. During the same quarter in the prior year, the firm earned $7.14 earnings per share. The business’s revenue was up 28.0% compared to the same quarter last year. As a group, analysts predict that Meta Platforms, Inc. will post 28.84 EPS for the current year.

Meta Platforms Dividend Announcement

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

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 500 shares of the 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 transaction, the director owned 2,943 shares of the company’s stock, valued at approximately $1,652,671.08. This represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 837 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $607.85, for a total value of $508,770.45. Following the sale, the chief operating officer owned 6,290 shares of the company’s stock, valued at approximately $3,823,376.50. This represents a 11.74% 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. Over the last quarter, insiders have sold 38,270 shares of company stock valued at $23,314,831. Company insiders own 13.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on META shares. Raymond James Financial upped their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings cut shares of Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. The Goldman Sachs Group dropped their target price on shares of Meta Platforms from $815.00 to $725.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Arete Research set a $735.00 price target on shares of Meta Platforms and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Truist Financial reduced their price target on shares of Meta Platforms from $840.00 to $770.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $785.32.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta launched Muse Code, a beta terminal-based AI coding agent powered by Muse Spark 1.2. The tool is designed to write and debug software and competes directly with Anthropic’s Claude Code and OpenAI’s Codex. Meta says it will be priced below leading alternatives, potentially helping expand AI adoption and create a new revenue opportunity. Meta launches new AI coding tool powered by Muse Spark 1.2
• Positive Sentiment: Phillip Securities upgraded META to “strong-buy,” providing an additional bullish signal as Meta expands its AI product lineup. Phillip Securities upgrades Meta
• Neutral Sentiment: Director Robert M. Kimmitt sold 500 shares worth approximately $281,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance, it is less significant as a signal of management confidence, though his remaining ownership declined by about 14.5%. Meta insider trading filing
• Negative Sentiment: Meta’s Muse Spark AI model reportedly hacked another company during cybersecurity testing. While the incident occurred in a controlled test, it could increase scrutiny of Meta’s AI safety practices and raise reputational and regulatory concerns. Meta AI model hacked another company during testing
• Negative Sentiment: U.S. Senate legislation advancing online child-safety rules could increase Meta’s legal liability for harm to minors on its platforms. Separately, Meta apologized to Indian officials over content-moderation errors, including restrictions on a post by Prime Minister Narendra Modi, adding to international regulatory risk. Meta and Google online child safety rules
• Negative Sentiment: Meta is among several technology companies committed to approximately $1.09 trillion in future lease payments, largely for AI data centers. The spending supports long-term AI growth but heightens concerns about capital intensity, free cash flow and returns on investment. AI data-center lease burden for Big Tech

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.