SPX Gestao de Recursos Ltda Boosts Stake in Meta Platforms, Inc. $META

SPX Gestao de Recursos Ltda grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 206.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,027 shares of the social networking company’s stock after acquiring an additional 17,547 shares during the period. Meta Platforms comprises about 1.6% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 25th biggest holding. SPX Gestao de Recursos Ltda’s holdings in Meta Platforms were worth $14,661,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew its holdings in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares in the last quarter. Headwater Capital Co Ltd raised its stake in shares of Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after purchasing an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in shares of Meta Platforms during the second quarter worth about $213,000. Finally, Capital & Planning LLC bought a new position in shares of Meta Platforms during the second quarter worth about $322,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

More Meta Platforms News

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

• Positive Sentiment: Legal settlement may reduce uncertainty. Jim Cramer said Meta is attractively valued after a settlement eased a major legal overhang. Investors may view the resolution of litigation as improving visibility, even though the settlement carries a substantial cost. Jim Cramer Says Meta Is At the Price
• Positive Sentiment: AI infrastructure investment highlights long-term growth potential. Meta’s large Louisiana AI data-center project is generating local economic activity and underscores the company’s commitment to expanding computing capacity for AI products and services. The investment could support future monetization, although it also implies significant capital spending. Meta AI Data Center Louisiana Economy
• Neutral Sentiment: Investor attention remains elevated. Meta is trending among Zacks users, while broader coverage continues to focus on its AI strategy, advertising business and valuation. This may increase trading interest but does not represent a new fundamental catalyst by itself. Meta Trending Stock
• Negative Sentiment: Teen-safety settlement creates a major financial and regulatory burden. Reports say Meta agreed to pay up to $18 billion to resolve claims that its platforms contributed to a teen mental-health crisis. The payment could pressure cash flow and reinforce concerns about increased oversight of social-media companies, despite removing litigation uncertainty. Meta Teen Safety Settlement
• Negative Sentiment: AI governance scrutiny is intensifying. The United Nations reportedly issued a sharper warning regarding AI governance, putting pressure on Meta to address safety, accountability and potential misuse as its AI operations expand. New rules or compliance costs could weigh on future returns. Meta AI Quarter and UN Governance Warning
• Negative Sentiment: Facial-recognition lawsuit adds privacy risk. Meta is facing a suit alleging that facial-recognition technology was used to train smart-glasses systems. The claims could create additional legal costs, reputational damage and scrutiny of Meta’s wearable-AI ambitions. Meta Facial Recognition Lawsuit

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 500 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $561.56, for a total transaction of $280,780.00. Following the completion of the transaction, the director owned 2,943 shares in the company, valued at approximately $1,652,671.08. This represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, insider Curtis J. Mahoney sold 1,559 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $869,922.00. Following the completion of the sale, the insider directly owned 1,957 shares in the company, valued at approximately $1,092,006. This trade represents a 44.34% 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 sold 32,987 shares of company stock valued at $19,202,995 over the last three months. 13.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on META shares. Phillip Securities raised Meta Platforms to a “strong-buy” rating in a report on Monday, August 3rd. Erste Group Bank raised Meta Platforms from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Mizuho set a $750.00 price target on Meta Platforms in a report on Thursday, July 30th. Truist Financial dropped their price target on Meta Platforms from $770.00 to $763.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Finally, Barclays reduced their price objective on Meta Platforms from $830.00 to $780.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $785.22.

Meta Platforms Stock Performance

Shares of META stock opened at $616.77 on Tuesday. The company has a market cap of $1.57 trillion, a P/E ratio of 23.23, a PEG ratio of 1.07 and a beta of 1.25. The business has a 50 day moving average of $597.25 and a two-hundred day moving average of $608.89. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results 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). 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 quarter in the previous year, the company posted $7.14 earnings per share. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, analysts anticipate that Meta Platforms, Inc. will post 28.17 EPS for the current year.

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.