Alpha DNA Investment Management LLC Decreases Holdings in Meta Platforms, Inc. $META

Key Points

• Alpha DNA Investment Management LLC reduced its holdings in Meta Platforms by 79.0% in the first quarter, now owning only 670 shares valued at approximately $386,000.
• Insider Christopher K. Cox sold 60,000 shares of Meta stock for a total value of over $46 million, leading to a 20.19% decrease in his ownership.
• Analysts have shown a bullish outlook on Meta Platforms, with several firms raising their target prices and many issuing a "Buy" rating, reflecting confidence in the company's performance.

Alpha DNA Investment Management LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 79.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 670 shares of the social networking company's stock after selling 2,526 shares during the period. Meta Platforms comprises approximately 5.1% of Alpha DNA Investment Management LLC's holdings, making the stock its 5th largest holding. Alpha DNA Investment Management LLC's holdings in Meta Platforms were worth $386,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the 1st quarter worth $33,000. JCIC Asset Management Inc. boosted its position in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Meta Platforms in the 4th quarter worth $47,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold 290,046 shares of company stock valued at $218,812,787 over the last ninety days. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

NASDAQ:META opened at $752.30 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock's 50-day simple moving average is $738.68 and its 200 day simple moving average is $659.29. The company has a market cap of $1.89 trillion, a P/E ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Scotiabank boosted their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. DA Davidson lifted their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. TD Cowen lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Canaccord Genuity Group lifted their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and lifted their target price for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.

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