Meta Platforms, Inc. $META Shares Sold by Weil Company Inc.

Weil Company Inc. cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 23.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,928 shares of the social networking company’s stock after selling 1,864 shares during the quarter. Meta Platforms makes up approximately 0.6% of Weil Company Inc.’s holdings, making the stock its 25th largest holding. Weil Company Inc.’s holdings in Meta Platforms were worth $3,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Auto Owners Insurance Co increased 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 worth $69,502,379,000 after buying an additional 105,154,977 shares during the last quarter. State Street Corp raised its holdings in Meta Platforms by 5.1% in the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock valued at $59,963,463,000 after acquiring an additional 4,395,763 shares in the last quarter. Geode Capital Management LLC boosted its stake in Meta Platforms by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after acquiring an additional 878,396 shares during the last quarter. Capital World Investors boosted its stake in Meta Platforms by 0.8% during the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock valued at $26,112,735,000 after acquiring an additional 310,947 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Meta Platforms by 2.2% during the 4th quarter. Morgan Stanley now owns 37,553,102 shares of the social networking company’s stock worth $24,788,429,000 after acquiring an additional 823,883 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $616.77 on Monday. The company has a market cap of $1.57 trillion, a PE ratio of 23.23, a P/E/G ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80. The firm has a 50-day simple moving average of $596.16 and a 200 day simple moving average of $609.05. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32.

Meta Platforms (NASDAQ:META) last issued 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). The business had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned $7.14 EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 28.17 EPS for the current year.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
• Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
• Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI

Wall Street Analyst Weigh In

META has been the subject of several research analyst reports. Citizens Jmp dropped their target price on shares of 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. Erste Group Bank upgraded Meta Platforms from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Mizuho set a $750.00 price objective on Meta Platforms in a report on Thursday, July 30th. Cantor Fitzgerald cut their price objective on Meta Platforms from $770.00 to $680.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Bank of America reduced their target price on Meta Platforms from $835.00 to $810.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Four research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $785.22.

Insider Buying and Selling

In other news, insider Curtis J. Mahoney sold 1,559 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $869,922.00. Following the completion of the transaction, the insider owned 1,957 shares in the company, valued at approximately $1,092,006. This represents a 44.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $7,260,343.46. This trade represents a 41.09% 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 quarter, insiders have sold 32,987 shares of company stock worth $19,202,995. 13.53% of the stock is owned by company insiders.

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.