Mindset Wealth Management LLC Raises Holdings in Meta Platforms, Inc. $META

Mindset Wealth Management LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 135.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,714 shares of the social networking company’s stock after purchasing an additional 7,311 shares during the quarter. Meta Platforms comprises about 1.4% of Mindset Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. Mindset Wealth Management LLC’s holdings in Meta Platforms were worth $7,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Auto Owners Insurance Co lifted its stake in shares of Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares during the period. Norges Bank acquired a new position in shares of Meta Platforms during the fourth quarter valued at approximately $22,152,075,000. Corient Private Wealth LLC raised its holdings in Meta Platforms by 488.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock worth $3,608,445,000 after purchasing an additional 4,537,076 shares in the last quarter. State Street Corp raised its holdings in Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares in the last quarter. Finally, Amundi lifted its position in Meta Platforms by 56.2% in the fourth quarter. Amundi now owns 10,043,955 shares of the social networking company’s stock worth $6,629,913,000 after purchasing an additional 3,613,211 shares during the period. Institutional investors own 79.91% of the company’s stock.

Key Stories Impacting Meta Platforms

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 Stock Performance

META 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. The firm has a market cap 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 business has a fifty day simple moving average of $596.16 and a 200-day simple moving average of $609.26. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80.

Meta Platforms (NASDAQ:META) last announced its 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 return on equity of 33.18% and a net margin of 29.83%.The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. During the same period last year, the firm earned $7.14 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, equities analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Meta Platforms news, insider Curtis J. Mahoney sold 1,559 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total value of $869,922.00. Following the completion of the transaction, the insider directly owned 1,957 shares in the company, valued at $1,092,006. This trade represents a 44.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer owned 9,498 shares in the company, valued at $5,708,013.06. This represents a 26.06% 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 90 days, insiders sold 32,987 shares of company stock worth $19,202,995. Company insiders own 13.53% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday, August 27th. Phillip Securities upgraded Meta Platforms to a “strong-buy” rating in a report on Monday, August 3rd. Raymond James Financial raised their target price on Meta Platforms from $825.00 to $850.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 21st. BNP Paribas Exane started coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an “outperform” rating on the stock. Finally, Guggenheim reissued a “buy” rating and issued a $800.00 price target on shares of Meta Platforms in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned 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 $785.22.

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.