Turn8 Private Wealth Inc. Has $1.34 Million Stake in Meta Platforms, Inc. $META

Turn8 Private Wealth Inc. grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 386.3% in the 2nd quarter, Holdings Channel reports. The fund owned 2,412 shares of the social networking company’s stock after purchasing an additional 1,916 shares during the quarter. Turn8 Private Wealth Inc.’s holdings in Meta Platforms were worth $1,345,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. RHL Group LLC acquired a new stake in Meta Platforms during the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms in the fourth quarter valued at approximately $29,000. Advantage Trust Co acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $28,000. Axiom Investment Management LLC acquired a new position in shares of Meta Platforms in the first quarter valued at approximately $36,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the fourth quarter worth $42,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Javier Olivan sold 3,348 shares of Meta Platforms stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the sale, the chief operating officer 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 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 value of $4,379,184.00. Following the sale, the chief technology officer owned 828 shares in the company, valued at $462,024. The trade was a 90.46% 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. Insiders have sold 32,987 shares of company stock worth $19,202,995 over the last 90 days. 13.53% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

Shares of META opened at $578.54 on Wednesday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The firm has a fifty day simple moving average of $592.78 and a 200 day simple moving average of $609.82. The stock has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 21.79, a PEG ratio of 0.99 and a beta of 1.25. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32.

Meta Platforms (NASDAQ:META) last issued 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). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. During the same quarter in the previous year, the firm posted $7.14 earnings per share. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. Research analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Analysts see Meta’s AI investments improving ad targeting and engagement, potentially allowing the company to challenge Google for digital-advertising leadership. The strong advertising outlook is particularly important after Meta’s latest quarter delivered 28% year-over-year revenue growth to $60.8 billion. Meta versus Google advertising analysis
• Positive Sentiment: Several reports characterize META as undervalued, citing a forward P/E of roughly 16—well below its historical average—and arguing that legal clarity plus new AI products could support substantial upside. The settlement may remove a major overhang even though it carries a large financial charge. Meta valuation and AI upside analysis
• Positive Sentiment: Wedbush reaffirmed a Neutral rating but raised or maintained a $595 price target, implying modest upside from the referenced trading level. Separately, the planned IPO of Meta-backed Indian telecom operator Jio Platforms could improve the value and liquidity of an important investment. Meta market news Jio Platforms IPO approval
• Neutral Sentiment: Meta is switching internal communications from Google Chat to Slack because management considers Slack better suited to AI agents. The move highlights Meta’s push to integrate AI into operations but is not expected to materially change near-term financial results. Meta switches to Slack
• Neutral Sentiment: Meta-backed AI startup Manus said it has resumed independent operations after China blocked Meta’s proposed acquisition. This removes some uncertainty around the transaction but also means Meta will not immediately gain full ownership of the startup. Manus resumes independent operations
• Negative Sentiment: The approximately $17 billion–$18 billion settlement over alleged harm to children creates a substantial cash cost and requires stronger age verification, potentially increasing compliance expenses and reducing young-user engagement. Critics also question whether the agreement will resolve regulatory pressure. Meta child-safety settlement requirements
• Negative Sentiment: Reports that Meta spent heavily on AI infrastructure underscore depreciation and capital-expenditure risks: investors must determine whether the spending will generate enough incremental advertising and product revenue. Meta also removed dozens of India-based malware advertisements, highlighting continuing platform-safety and reputational risks. Big Tech AI spending risks Meta removes fraudulent India ads

Analyst Ratings Changes

A number of equities research analysts recently commented on META shares. Mizuho set a $750.00 price objective on shares of Meta Platforms in a report on Thursday, July 30th. Robert W. Baird reduced their target price on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a report on Thursday, August 27th. Susquehanna dropped their price target on Meta Platforms from $900.00 to $650.00 and set a “positive” rating on the stock in a research note on Thursday, July 30th. Finally, Erste Group Bank upgraded Meta Platforms from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $785.22.

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.