Performance Wealth Partners LLC Has $6.84 Million Position in Meta Platforms, Inc. $META

Performance Wealth Partners LLC cut its position in Meta Platforms, Inc. (NASDAQ:META) by 84.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,137 shares of the social networking company’s stock after selling 64,559 shares during the quarter. Performance Wealth Partners LLC’s holdings in Meta Platforms were worth $6,837,000 as of its most recent SEC filing.

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

Insider Activity

In related news, insider Curtis J. Mahoney sold 1,559 shares of the company’s 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 sale, the insider owned 1,957 shares in the company, valued at $1,092,006. This represents a 44.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total value of $2,002,514.40. Following the sale, the chief accounting officer owned 6,271 shares in the company, valued at approximately $3,875,854.26. The trade was a 34.07% 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 90 days, insiders sold 41,581 shares of company stock worth $24,506,695. 13.53% of the stock is owned by insiders.

Meta Platforms Trading Down 1.4%

NASDAQ:META opened at $644.38 on Friday. The firm’s fifty day moving average is $600.28 and its 200-day moving average is $608.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The firm has a market cap of $1.64 trillion, a P/E ratio of 24.27, a P/E/G ratio of 1.13 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last announced its 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 firm had revenue of $60.80 billion for the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the prior year, the business earned $7.14 EPS. Meta Platforms’s quarterly revenue was up 28.0% on a year-over-year basis. Equities analysts expect that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Meta Platforms News Summary

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

• Positive Sentiment: JPMorgan upgraded Meta from Neutral to Overweight and raised its price target from $640 to $820, citing the company’s frontier AI models and AI-agent opportunity as potential growth drivers beyond advertising. JPMorgan upgrades Meta on AI models and agents
• Positive Sentiment: Meta’s Muse AI agent gained significant early traction, reportedly reaching the No. 2 position among U.S. apps. Its free and paid subscription tiers could create a recurring revenue stream and help monetize Meta’s substantial AI investments. Meta’s AI agent Muse reaches No. 2 app ranking
• Positive Sentiment: Meta’s board declared a quarterly cash dividend of $0.525 per share, payable September 28 to shareholders of record September 21. The dividend adds to shareholder returns and signals confidence in cash generation. Meta announces quarterly cash dividend
• Neutral Sentiment: Investors remain divided over whether Muse can become a material financial catalyst. Dedicated computing, security and inference costs could pressure margins before subscription revenue scales, while Meta continues to commit heavily to AI infrastructure.
• Negative Sentiment: Star AI researcher Andrew Tulloch is leaving Meta for Anthropic. The departure raises concerns about Meta’s ability to retain high-value technical talent amid intensifying competition for AI researchers. Top AI researcher leaves Meta for Anthropic
• Negative Sentiment: Meta faces renewed privacy and regulatory scrutiny as Muse can access sensitive information and perform actions across third-party applications. Reports of fraudulent cryptocurrency advertisements and related lawsuits add to reputational and legal risks.
• Negative Sentiment: COO Javier Olivan sold shares worth approximately $3.3 million in two transactions under a pre-arranged Rule 10b5-1 plan. Although scheduled sales are less concerning, the sizable reduction in his direct holdings may weigh modestly on sentiment.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. Scotiabank reiterated a “sector perform” rating and set a $600.00 price target on shares of Meta Platforms in a report on Thursday, July 30th. Monness Crespi & Hardt decreased their price objective on Meta Platforms from $890.00 to $730.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Arete Research set a $735.00 target price on Meta Platforms and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $700.00 target price on shares of Meta Platforms in a report on Thursday, July 30th. Finally, Phillip Securities upgraded Meta Platforms to a “strong-buy” rating in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $787.54.

Meta Platforms Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company’s principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.