Strategic Wealth Investment Group LLC Trims Stake in Meta Platforms, Inc. $META

Strategic Wealth Investment Group LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,747 shares of the social networking company’s stock after selling 1,591 shares during the period. Meta Platforms accounts for approximately 2.2% of Strategic Wealth Investment Group LLC’s holdings, making the stock its 12th largest holding. Strategic Wealth Investment Group LLC’s holdings in Meta Platforms were worth $17,883,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. RHL Group LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $28,000. Advantage Trust Co acquired a new position in shares of Meta Platforms in the 2nd quarter worth approximately $28,000. Strategic Wealth Advisors LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth approximately $29,000. Niles Investment Management LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth approximately $29,000. Finally, Axiom Investment Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at approximately $36,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Curtis J. Mahoney sold 1,559 shares of Meta Platforms 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 sale, the insider owned 1,957 shares in the company, valued at approximately $1,092,006. The trade was a 44.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 32,987 shares of company stock worth $19,202,995. Insiders own 13.53% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research analyst reports. Erste Group Bank raised Meta Platforms from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Bank of America lowered their price target on Meta Platforms from $835.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Cantor Fitzgerald dropped their price objective on Meta Platforms from $770.00 to $680.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Citigroup cut their price objective on 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 decreased their target price on Meta Platforms from $835.00 to $640.00 and set an “overweight” rating on the stock in a research note 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $785.22.

Meta Platforms Stock Performance

Shares of META stock opened at $616.77 on Friday. 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, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The stock has a market capitalization of $1.57 trillion, a PE ratio of 23.23, a P/E/G ratio of 1.06 and a beta of 1.25. The firm has a 50 day moving average of $596.16 and a two-hundred day moving average of $609.26.

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

Meta Platforms News Summary

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

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.