MGO One Seven LLC Grows Position in Meta Platforms, Inc. $META

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

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares during the period. Headwater Capital Co Ltd boosted its stake in shares of Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms during the 2nd quarter worth approximately $213,000. Finally, Capital & Planning LLC acquired a new stake in shares of Meta Platforms in the 2nd quarter worth approximately $322,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, insider Curtis J. Mahoney sold 1,559 shares of the firm’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 $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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the transaction, the chief technology officer owned 828 shares in the company, valued at $462,024. The trade was a 90.46% 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. In the last ninety days, insiders sold 32,987 shares of company stock worth $19,202,995. Company insiders own 13.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on META. Citizens Jmp dropped their price objective on Meta Platforms from $800.00 to $770.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. UBS Group lowered their target price on Meta Platforms from $766.00 to $715.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Arete Research set a $735.00 price target on Meta Platforms and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Bank of America cut their price target on Meta Platforms from $835.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $785.00 price objective (down from $800.00) on shares of Meta Platforms in a research report on Thursday, July 30th. Four 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 stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $785.22.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $572.34 on Tuesday. 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 business’s fifty day moving average price is $592.45 and its two-hundred day moving average price is $610.45. The stock 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, Inc. has a one year low of $520.26 and a one year high of $790.80.

Meta Platforms (NASDAQ:META) last issued 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). The firm had revenue of $60.80 billion for the quarter, compared to analysts’ expectations of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $7.14 earnings per share. On average, analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Key Stories Impacting Meta Platforms

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

About Meta Platforms

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.