Meta’s AI Delay Sparks Investor Concern. Who Owns This Stock?

Meta Platforms META -3.83% ▼ stock is down about 7% so far this year and fell nearly 4% on Friday after reports that the company may delay the launch of its new AI model, “Avocado.” Reportedly, the model did not meet the company’s internal goals when tested against top rivals like Google GOOGL -0.42% ▼ and OpenAI. While Meta might use some of Google’s tech in the short term, the delay has made investors nervous about how Meta’s tools compare to the competition. With sentiment cooling, it’s a good time to see which major players still hold the largest stakes in the social media giant.

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Now, according to TipRanks’ ownership page, public companies and individual investors own 29.14% of META. They are followed by other institutional investors, mutual funds, ETFs, and insiders, at 25.61%, 23.65%, 21.53%, and 0.07%, respectively.

Digging Deeper into META’s Ownership Structure

Looking closely at top shareholders, Vanguard owns the highest stake in META at 7.81%. Next up is Vanguard Index Funds, which holds a 6.80% stake in the company.

Among the top ETF holders, the Vanguard Total Stock Market ETF VTI -0.55% ▼ owns a 3.14% stake in Meta stock, followed by the Vanguard S&P 500 ETF VOO -0.56% ▼ with a 2.54% stake.

Moving to mutual funds, Vanguard Index Funds holds about 6.80% of the stock, followed by Fidelity Contrafund, which owns 2.10%.

Is META a Good Stock to Buy Now?

Overall, Wall Street has a Strong Buy consensus rating on Meta stock based on 39 Buys and five Hold recommendations. The average META stock price target of $858.86 indicates 39.95% upside potential.

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