Sun Sep 15 11:32:54 UTC 2024: ## Meta Platforms Sees Mixed Investor Sentiment: KFA Private Wealth Group Reduces Holdings While Others Increase Stakes
**[City, State] – September 15, 2024** – Meta Platforms, Inc. (META) experienced a mixed bag of investor activity in the recent quarter, with some funds trimming their positions while others significantly increased their stakes.
KFA Private Wealth Group LLC decreased its holdings in Meta by 32.9% during the second quarter, selling 512 shares, according to its latest 13F filing. However, other major investors demonstrated a more bullish stance. Vanguard Group Inc. expanded its holdings by 0.4%, Capital World Investors by 0.6%, and Capital International Investors by 3.2%. Notably, Capital Research Global Investors significantly increased its position by 14.5%, and Norges Bank initiated a new position worth $11.28 billion in the fourth quarter.
Overall, institutional investors and hedge funds currently own 79.91% of Meta’s stock.
Analyst sentiment remains positive, with a majority of analysts issuing “Buy” or “Strong Buy” ratings. The consensus rating stands at “Moderate Buy” with an average target price of $577.26.
Recent insider transactions, however, paint a somewhat mixed picture. CTO Andrew Bosworth sold 5,057 shares on August 15th, followed by CFO Susan J. Li selling 33,018 shares on August 27th. In the past three months, insiders sold a total of 357,574 shares.
Meta reported strong second-quarter earnings, exceeding analyst expectations with $5.16 earnings per share and $39.07 billion in revenue. The company also announced a quarterly dividend of $0.50 per share, payable on September 26th.
Meta’s stock opened at $524.62 on Friday, with a market cap of $1.33 trillion.
**This news article was compiled using information from MarketBeat News.**
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