Obermeyer Wealth Partners Has $45.04 Million Holdings in Meta Platforms, Inc. $META

Obermeyer Wealth Partners increased its position in Meta Platforms, Inc. (NASDAQ:META) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,955 shares of the social networking company’s stock after acquiring an additional 1,437 shares during the quarter. Meta Platforms comprises about 1.8% of Obermeyer Wealth Partners’ investment portfolio, making the stock its 19th biggest position. Obermeyer Wealth Partners’ holdings in Meta Platforms were worth $45,038,000 at the end of the most recent reporting period.

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

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $571.10 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The firm’s 50-day simple moving average is $592.26 and its 200-day simple moving average is $611.84. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $790.80. The firm has a market cap of $1.45 trillion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last posted its quarterly 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 during 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 period last year, the company earned $7.14 EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 28.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group cut their price target on Meta Platforms from $766.00 to $715.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Rothschild & Co Redburn raised their price objective on shares of Meta Platforms from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Monness Crespi & Hardt dropped their target price on shares of Meta Platforms from $890.00 to $730.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus cut their target price on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Four investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $785.22.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the transaction, the chief technology officer directly owned 828 shares of the company’s stock, valued at approximately $462,024. This trade represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the completion of the sale, the chief financial officer owned 13,186 shares in the company, valued at $7,260,343.46. This represents a 41.09% decrease in their position. 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. In the last quarter, insiders sold 34,957 shares of company stock valued at $20,442,696. 13.53% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta agreed to settle claims brought by dozens of U.S. states for up to approximately $16.7 billion to $18 billion, substantially below figures that analysts and states had discussed as potentially reaching $200 billion or more. The deal ends the trial and leaves Meta’s core advertising business, personalized recommendations and targeted advertising largely intact. Meta’s social media settlement leaves its money machine unscathed
• Positive Sentiment: Analyst support remains favorable in some quarters: Rosenblatt raised its price target to $886 and maintained a buy rating, while Benchmark and Needham reiterated hold ratings. Investors also continue to point to Meta’s advertising momentum, AI infrastructure and potential to monetize excess computing capacity. Meta price target raised by Rosenblatt
• Neutral Sentiment: The settlement requires two-hour daily limits for users under 18, overnight blocking from midnight to 6 a.m. without parental consent, muted school-hour notifications, autoplay controls, stronger age checks and expanded parental controls. The measures may reduce engagement, but could also lower future regulatory and litigation risk. Meta settles federal social media addiction trial
• Negative Sentiment: The payout could equal several months of profit, and the agreement’s restrictions may pressure usage and advertising opportunities among younger users. Critics and a case whistleblower said the changes do not adequately address mental-health harms, while the settlement reportedly gives states protection from certain future lawsuits involving children’s data. Whistleblower criticizes Meta settlement
• Negative Sentiment: Regulators in the U.K., South Korea and Australia are urging Meta to apply the safeguards globally, raising the possibility of additional compliance costs and similar actions overseas. Investors are also monitoring Meta’s heavy AI spending and reports that it could spend up to $10 billion annually on Anthropic tools. South Korea urges global youth protections

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.