111 Capital Sells 1,990 Shares of Meta Platforms, Inc. $META

Key Points

• 111 Capital reduced its Meta Platforms stake by 12.4% in the second quarter, selling 1,990 shares and retaining 14,080 shares valued at approximately $7.93 million. Meta represents about 1.4% of the fund’s portfolio.
• Institutional ownership remains high at 79.91%, while analysts maintain a “Moderate Buy” consensus with an average price target of $785.22. Several firms recently adjusted their targets but continued to rate the stock Buy or Outperform.
• Meta shares opened at $616.77, with revenue rising 28% year over year to $60.8 billion in the latest quarter, although EPS of $6.18 fell short of the $7.19 consensus estimate. Insiders sold 32,987 shares worth $19.2 million over the prior 90 days.

111 Capital lessened its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,080 shares of the social networking company's stock after selling 1,990 shares during the period. Meta Platforms accounts for approximately 1.4% of 111 Capital's investment portfolio, making the stock its 13th largest holding. 111 Capital's holdings in Meta Platforms were worth $7,931,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in META. Ashton Thomas Securities LLC lifted its position in shares of Meta Platforms by 17.4% during the first quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company's stock worth $10,299,000 after purchasing an additional 2,670 shares in the last quarter. Keybank National Association OH lifted its holdings in Meta Platforms by 15.7% during the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after buying an additional 18,169 shares during the last quarter. WMS Group LLC acquired a new stake in shares of Meta Platforms during the 4th quarter worth about $876,000. Czech National Bank lifted its stake in Meta Platforms by 4.9% during the second quarter. Czech National Bank now owns 625,079 shares of the social networking company's stock worth $352,101,000 after purchasing an additional 29,411 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in Meta Platforms by 2.5% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 118,460 shares of the social networking company's stock valued at $78,195,000 after purchasing an additional 2,871 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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 report on Tuesday, July 21st. Truist Financial dropped their target price on shares of Meta Platforms from $770.00 to $763.00 and set a "buy" rating on the stock in a research report on Thursday, August 27th. Rosenblatt Securities lifted their price target on shares of Meta Platforms from $883.00 to $886.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. The Goldman Sachs Group decreased their price objective on shares of Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $700.00 price objective on shares of Meta Platforms in a report on Thursday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $785.22.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,848 shares of the company's stock in a transaction that occurred 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 sale, the chief technology officer owned 828 shares in the company, valued at $462,024. This represents a 90.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 1,559 shares of Meta Platforms stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $869,922.00. Following the completion of the transaction, the insider owned 1,957 shares in the company, valued at approximately $1,092,006. This trade represents a 44.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,987 shares of company stock worth $19,202,995 in the last ninety days. Company insiders own 13.53% of the company's stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
• Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
• Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI

Meta Platforms Stock Up 1.0%

Shares of NASDAQ:META opened at $616.77 on Friday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $790.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market cap of $1.57 trillion, a P/E ratio of 23.23, a P/E/G ratio of 1.07 and a beta of 1.25. The firm has a fifty day moving average price of $596.16 and a 200 day moving average price of $609.26.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing analysts' consensus estimates 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 prior year, the firm posted $7.14 earnings per share. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. Sell-side analysts predict that Meta Platforms, Inc. will post 28.17 EPS for the current year.

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.

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