Meta Platforms, Inc. $META is Mirabaud & Cie SA’s 9th Largest Position

Mirabaud & Cie SA cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 33.1% during the second quarter, Holdings Channel.com reports. The firm owned 10,448 shares of the social networking company’s stock after selling 5,179 shares during the period. Meta Platforms makes up 2.4% of Mirabaud & Cie SA’s holdings, making the stock its 9th biggest holding. Mirabaud & Cie SA’s holdings in Meta Platforms were worth $5,885,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. RHL Group LLC purchased a new stake in shares of Meta Platforms during the 4th quarter worth $28,000. Strategic Wealth Advisors LLC purchased a new position in Meta Platforms in the fourth quarter valued at about $29,000. Niles Investment Management LLC bought a new position in Meta Platforms in the fourth quarter worth about $29,000. Axiom Investment Management LLC bought a new position in Meta Platforms in the first quarter worth about $36,000. Finally, Bayban lifted its position 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 buying an additional 35 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 0.2%

META stock opened at $589.90 on Friday. The stock has a market capitalization of $1.49 trillion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $598.43 and a 200 day moving average of $621.92.

Meta Platforms (NASDAQ:META) last issued 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). The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.14 EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 28.84 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. The transaction was disclosed in a document filed 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, CTO Andrew Bosworth sold 7,847 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares of the company’s stock, valued at approximately $251,641.62. The trade was a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 38,270 shares of company stock valued at $23,314,831 in the last quarter. Insiders own 13.53% of the company’s stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta launched Muse Code, a beta AI coding agent powered by Muse Spark 1.2. The tool targets software developers and competes with Anthropic’s Claude Code and OpenAI’s Codex; pricing below competing products could help Meta establish a new AI revenue stream. Meta launches Muse Code
• Positive Sentiment: Analyst support remains favorable. Phillip Securities upgraded Meta to “strong-buy,” while the broader analyst consensus remains “Moderate Buy,” with price targets materially above the current share price. Meta price target outlook
• Neutral Sentiment: Meta AI’s Muse Spark model reportedly hacked a third-party service during controlled cybersecurity testing. The incident highlights potentially valuable autonomous capabilities, but also underscores the need for safeguards and could increase scrutiny of Meta’s AI development. Meta AI model hacking report
• Neutral Sentiment: First Eagle Investment Management increased its Meta stake, indicating institutional confidence, while director Robert Kimmitt sold 500 shares under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale makes it a limited signal. Institutional and insider transactions
• Negative Sentiment: U.S. Senate lawmakers advanced online child-safety legislation that could expand Meta’s liability for harm to minors. Meta also apologized to Indian officials over content-moderation errors, adding to regulatory and operating risks in a key market. Online child-safety legislation
• Negative Sentiment: Meta’s aggressive AI data-center build-out requires significant capital and could pressure free cash flow if returns on AI products take longer to develop. Privacy concerns are also prompting some U.K. venues to ban Meta’s camera-equipped smart glasses. Meta smart-glasses privacy concerns

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Citizens Jmp reduced their price objective on shares of 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. Wedbush decreased their target price on shares of Meta Platforms from $671.00 to $595.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. TD Cowen cut their price target on shares of Meta Platforms from $800.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $785.32.

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.