Meta Platforms, Inc. $META Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 26.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,567 shares of the social networking company’s stock after selling 929 shares during the quarter. BKM Wealth Management LLC’s holdings in Meta Platforms were worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. RHL Group LLC acquired a new position in Meta Platforms during the fourth quarter worth about $28,000. Advantage Trust Co acquired a new stake in shares of Meta Platforms during the 2nd quarter valued at approximately $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $29,000. Niles Investment Management LLC purchased a new stake in shares of Meta Platforms during the 4th quarter worth approximately $29,000. Finally, Axiom Investment Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In related news, 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 sale, the chief technology officer owned 828 shares of the company’s stock, valued at $462,024. The trade was a 90.46% decrease in their position. 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, COO Javier Olivan sold 3,348 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the transaction, the chief operating officer directly owned 9,498 shares of the company’s stock, valued at approximately $5,708,013.06. The trade was a 26.06% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 34,957 shares of company stock valued at $20,442,696. 13.53% of the stock is owned by company insiders.

Meta Platforms News Summary

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

• Positive Sentiment: Settlement ends a high-profile trial and reduces legal uncertainty. Meta agreed to pay up to roughly $16.7 billion–$18 billion to settle claims brought by dozens of states alleging that Facebook and Instagram harmed or misled young users. Investors appear to prefer a defined cost over the possibility of much larger damages or an adverse trial ruling. The payout is substantial but reportedly equivalent to only several months of Meta’s profits. Reuters settlement report
• Positive Sentiment: Restrictions are less disruptive than a fundamental business overhaul. The agreement requires measures including two-hour daily limits for teenage users, overnight blocking, muted school-hour notifications, autoplay controls, parental tools and stronger age verification. However, Meta is not required to abandon personalized recommendations or targeted advertising, preserving the core of its advertising model. Associated Press settlement report
• Neutral Sentiment: Investors continue to highlight Meta’s advertising and AI potential. A bullish analysis points to improving ad-ranking algorithms, rising ad impressions and pricing, strong network effects and Meta’s AA- credit rating. Evercore ISI also sees possible future revenue from excess AI-computing capacity as Meta expands its data-center infrastructure. These catalysts compete with concerns that the stock has declined in recent months and remains below its longer-term moving averages. Invezz AI infrastructure analysis
• Negative Sentiment: The settlement creates meaningful financial and regulatory costs. The maximum payment could reach $18 billion, while usage limits may reduce teen engagement and potentially weaken future advertising data and impressions. Reports also question whether Meta’s age-verification technology works reliably, and the company’s final obligations could become stricter if TikTok, YouTube and other competitors adopt similar safeguards. Meta still faces thousands of additional youth-related lawsuits. TechCrunch age-verification report

Meta Platforms Trading Up 1.1%

Shares of META stock opened at $576.14 on Thursday. The firm’s 50-day simple moving average is $592.39 and its 200-day simple moving average is $612.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $790.80. The firm has a market cap of $1.47 trillion, a P/E ratio of 21.70, a PEG ratio of 0.97 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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 analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The company’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.14 earnings per share. As a group, equities analysts forecast that Meta Platforms, Inc. will post 28.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on META. Phillip Securities upgraded Meta Platforms to a “strong-buy” rating in a research report on Monday, August 3rd. TD Cowen decreased their price objective on shares of Meta Platforms from $800.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Citizens Jmp lowered their price objective on shares of Meta Platforms from $800.00 to $770.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Citigroup dropped their target price on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, The Goldman Sachs Group cut their target price on shares of Meta Platforms from $815.00 to $725.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $785.32.

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.