Meta Platforms, Inc. $META Shares Sold by Prospect Financial Services LLC

Prospect Financial Services LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 53.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,900 shares of the social networking company’s stock after selling 2,156 shares during the period. Prospect Financial Services LLC’s holdings in Meta Platforms were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in META. Ashton Thomas Securities LLC boosted its stake in Meta Platforms by 17.4% in the first quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company’s stock valued at $10,299,000 after acquiring an additional 2,670 shares in the last quarter. WMS Group LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at about $876,000. Czech National Bank boosted its position in shares of Meta Platforms by 4.9% in the 2nd quarter. Czech National Bank now owns 625,079 shares of the social networking company’s stock valued at $352,101,000 after purchasing an additional 29,411 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in Meta Platforms by 2.5% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 118,460 shares of the social networking company’s stock worth $78,195,000 after buying an additional 2,871 shares during the last quarter. Finally, Xponance LLC increased its position in Meta Platforms by 6.2% during the fourth quarter. Xponance LLC now owns 528,966 shares of the social networking company’s stock worth $349,165,000 after buying an additional 30,793 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $613.48 on Wednesday. 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 company has a market cap of $1.56 trillion, a P/E ratio of 23.11, a PEG ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The company has a 50-day moving average price of $598.23 and a 200 day moving average price of $608.68.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to analyst estimates 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 for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.14 EPS. Research analysts predict that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Curtis Mahoney sold 1,559 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $869,922.00. Following the sale, the insider directly owned 1,957 shares in the company, valued at $1,092,006. The trade was a 44.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 1,258 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $600.00, for a total value of $754,800.00. Following the transaction, the chief operating officer directly owned 1,517 shares in the company, valued at $910,200. This represents a 45.33% 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. Over the last ninety days, insiders sold 36,227 shares of company stock worth $21,205,509. Corporate insiders own 13.53% of the company’s stock.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched Muse, a personal AI agent that can interact with Facebook, Instagram and third-party applications to perform tasks such as sending emails, booking travel, shopping and making payments. The product includes free and paid subscription tiers, offering a potential new revenue stream beyond digital advertising. Meta launches AI agent that can access other apps to send emails, make payments
• Positive Sentiment: The rollout follows the release of Muse Spark 1.3, a model aimed at coding and extended agentic tasks. Investors viewed the development as evidence that Meta’s substantial AI investment could eventually generate financial returns; Bank of America reportedly continues to see meaningful upside in the stock. Meta stock jumps 4% after Muse Spark 1.3: why BofA still sees 32% upside
• Positive Sentiment: Meta and Panmnesia proposed a data-center architecture designed to connect computing resources more tightly for extremely large AI models. The initiative supports Meta’s strategy of building extensive AI infrastructure and could improve long-term computing efficiency. One Chip, One Datacenter: Meta and Panmnesia Extend Tight Coupling Beyond the Rack with CXL
• Neutral Sentiment: Analysts and investors remain divided over Meta’s large AI infrastructure spending, reportedly including a potential $130 billion capital-expenditure commitment. Strong advertising growth and user monetization support the investment case, but the scale of spending raises execution and return-on-investment concerns. Wall Street Keeps Asking How Much Meta Will Spend
• Negative Sentiment: Muse increases Meta’s exposure to privacy, security and consumer-trust concerns because it can access sensitive information and act across other applications. Reports noted internal concerns about potential misuse or mishandling of personal data, which could increase regulatory and reputational risks. Meta pushes into personal AI agents as company faces public reckoning over privacy and safety
• Negative Sentiment: Meta faces continuing legal pressure, including a reported lawsuit alleging facial-recognition data was used to train smart-glasses systems. Separately, the company’s chief accounting officer sold 3,240 shares under a pre-arranged Rule 10b5-1 plan; the planned nature of the sale reduces its significance, but insider selling may weigh modestly on sentiment.

Analyst Ratings Changes

A number of brokerages have recently issued reports on META. Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Susquehanna lowered their price target on Meta Platforms from $900.00 to $650.00 and set a “positive” rating on the stock in a report on Thursday, July 30th. Citigroup reduced their price objective on Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research note on Thursday, August 27th. Finally, KeyCorp dropped their target price on Meta Platforms from $790.00 to $780.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Four equities 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $785.22.

About Meta Platforms

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company’s principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.