Meta Platforms, Inc. $META Shares Bought by MGO One Seven LLC

MGO One Seven LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,219 shares of the social networking company’s stock after buying an additional 1,765 shares during the quarter. MGO One Seven LLC’s holdings in Meta Platforms were worth $32,231,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. Auto Owners Insurance Co boosted its position in shares of Meta Platforms by 76,587.7% in the 4th 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 purchasing an additional 105,154,977 shares during the period. State Street Corp grew its stake in Meta Platforms by 5.1% during the 4th 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 position 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 period. Finally, Capital World Investors increased 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 buying an additional 310,947 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 1.0%

NASDAQ:META opened at $572.34 on Tuesday. The firm has a market cap of $1.46 trillion, a P/E ratio of 21.56, a PEG ratio of 1.00 and a beta of 1.25. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $592.45 and its 200-day simple moving average is $610.45. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $790.80.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $60.22 billion. During the same quarter last year, the company earned $7.14 EPS. Meta Platforms’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities analysts anticipate that Meta Platforms, Inc. will post 28.17 EPS for the current year.

Meta Platforms News Roundup

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

Insider Activity

In other news, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction dated 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 sale, the chief technology officer owned 828 shares of the company’s stock, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 1,559 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $869,922.00. Following the transaction, the insider owned 1,957 shares in the company, valued at approximately $1,092,006. This trade represents a 44.34% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 32,987 shares of company stock valued at $19,202,995. 13.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. Bank of America decreased their price objective on Meta Platforms from $835.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Rosenblatt Securities lifted their target price on shares of Meta Platforms from $883.00 to $886.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Arete Research set a $735.00 price target on shares of Meta Platforms and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Scotiabank reiterated a “sector perform” rating and set a $600.00 price target on shares of Meta Platforms in a research note on Thursday, July 30th. Finally, Raymond James Financial raised their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $785.22.

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.