Bull Harbor Capital LLC Acquires Shares of 2,837 Meta Platforms, Inc. $META

Bull Harbor Capital LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 2,837 shares of the social networking company’s stock, valued at approximately $1,623,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Meta Platforms by 1.7% in 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 last quarter. Revolve Wealth Partners LLC boosted its stake in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares during the period. Headwater Capital Co Ltd increased its position in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after acquiring an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Meta Platforms during the second quarter valued at $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms in the second quarter valued at $322,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a report on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $785.00 price target (down from $800.00) on shares of Meta Platforms in a report on Thursday. Sanford C. Bernstein reissued an “outperform” rating and issued a $800.00 price objective on shares of Meta Platforms in a research report on Thursday. DA Davidson decreased their price objective on shares of Meta Platforms from $850.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group dropped their target price on Meta Platforms from $815.00 to $725.00 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $789.95.

Meta Platforms Trading Up 3.3%

NASDAQ META opened at $556.71 on Friday. The stock has a market cap of $1.41 trillion, a PE ratio of 20.97, a PEG ratio of 0.90 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company’s 50-day moving average price is $601.16 and its 200-day moving average price is $622.97. The company has a current ratio of 2.23, a quick ratio of 2.35 and a debt-to-equity ratio of 0.32.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share 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 the consensus estimate of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.14 EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 29.4 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. 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 payout ratio is currently 7.63%.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total value of $303,875.00. Following the completion of the sale, the director owned 3,443 shares in the company, valued at approximately $2,092,483.25. The trade was a 12.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 837 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $607.85, for a total value of $508,770.45. Following the completion of the transaction, the chief operating officer directly owned 6,290 shares in the company, valued at approximately $3,823,376.50. This trade represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,325 shares of company stock valued at $23,979,087 in the last ninety days. 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’s core advertising business remains strong. Second-quarter revenue increased 28% year over year to $60.8 billion, while ad impressions, pricing, engagement and AI-powered recommendation tools continued to improve. Advantage+ advertising reportedly reached a $75 billion annualized run rate. Meta: Buy The AI Spending Panic
• Positive Sentiment: Several analysts and investment commentators view the selloff as an opportunity, arguing that Meta’s advertising engine can fund its AI investments and that AI is already improving ad performance, personalization and user engagement. Meta also highlighted potential enterprise AI products, personal AI agents and new applications. Buy Meta’s Earnings Drop
• Positive Sentiment: Despite reductions, major firms retained bullish ratings and price targets, including UBS at $715, Baird at $750, Cantor Fitzgerald at $680 and Rosenblatt at $883. The targets imply substantial long-term upside if Meta converts AI spending into monetization. Meta Given New Price Target at Baird
• Neutral Sentiment: The earnings miss was partly affected by approximately $2.4 billion in legal charges and $1.2 billion in severance costs. Excluding these items, supporters argue that underlying profitability was healthier, but reported margins still declined.
• Negative Sentiment: Meta reported $6.18 in quarterly EPS, below expectations near $7.19, while free cash flow fell to only $784 million from $31.9 billion in operating cash flow as AI data-center capital expenditures surged. Investors remain unconvinced that the spending will generate adequate returns soon. Tech’s AI Buildout Has Ballooning Price Tag
• Negative Sentiment: Future AI-related lease obligations reached $279 billion, increasing concerns about balance-sheet commitments and execution risk. Additional legal and regulatory pressure includes a wrongful-death lawsuit alleging that social-media companies harmed minors, plus an Indian police case involving Meta’s India chief over Facebook posts depicting Prime Minister Narendra Modi. Meta’s AI Splurge Lays Bare Its Compute Conundrum

Meta Platforms Company 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.