Alexis Investment Partners LLC Takes Position in Meta Platforms, Inc. $META

Key Points

• Alexis Investment Partners LLC purchased 700 shares of Meta Platforms, valued at approximately $404,000, according to their recent Form 13F filing with the SEC.
• Meta Platforms reported a quarterly EPS of $7.14, surpassing analysts' expectations of $5.75, and recorded a revenue of $47.52 billion for the quarter.
• Insider selling includes Christopher K. Cox, who sold 60,000 shares for over $46 million, leading to a significant decrease in his ownership stake.

Alexis Investment Partners LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 700 shares of the social networking company's stock, valued at approximately $404,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Csenge Advisory Group lifted its position in Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after acquiring an additional 1,019 shares during the period. Suvretta Capital Management LLC lifted its position in Meta Platforms by 1.1% during the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after acquiring an additional 1,850 shares during the period. Skye Global Management LP lifted its position in Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after acquiring an additional 43,200 shares during the period. ARQ Wealth Advisors LLC lifted its position in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after acquiring an additional 34 shares during the period. Finally, JMG Financial Group Ltd. acquired a new stake in Meta Platforms during the 1st quarter worth about $284,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $3.80 on Friday, hitting $752.45. The company's stock had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a fifty day moving average price of $738.39 and a 200-day moving average price of $659.37. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the previous year, the business earned $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $375,471.25. Following the sale, the chief operating officer directly owned 12,094 shares in the company, valued at approximately $8,783,267.50. The trade was a 4.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $376,923.75. Following the completion of the sale, the insider owned 31,908 shares in the company, valued at approximately $23,173,185. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 312,341 shares of company stock worth $234,443,690 in the last quarter. 13.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. DA Davidson lifted their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Citizens Jmp lifted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Piper Sandler lifted their price objective on Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.