Meta Platforms, Inc. $META Shares Sold by AlTi Global Inc.

Key Points

• AlTi Global Inc. reduced its stake in Meta Platforms by 4.2% during the first quarter, holding 9,323 shares valued at $5,372,000 after selling 407 shares.
• Other major investors, like GAMMA Investing LLC and Invesco Ltd., significantly increased their positions in Meta during the same quarter.
• Wall Street analysts are optimistic, with recent report upgrades raising Meta's price target to as high as $900, indicating a strong consensus rating of "Moderate Buy."

AlTi Global Inc. decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,323 shares of the social networking company's stock after selling 407 shares during the quarter. AlTi Global Inc.'s holdings in Meta Platforms were worth $5,372,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of META. GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after acquiring an additional 23,417,803 shares during the last quarter. Nuveen LLC purchased a new position in shares of Meta Platforms during the first quarter worth $2,990,544,000. Assenagon Asset Management S.A. lifted its position in Meta Platforms by 712.2% during the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after purchasing an additional 2,225,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Meta Platforms in the fourth quarter valued at $1,162,918,000. Finally, Amundi grew its position in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on META shares. KeyCorp increased their price target on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. DA Davidson increased their price target on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Bank of America increased their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Three equities research 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 stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Price Performance

META traded up $3.80 during midday trading on Friday, hitting $752.45. 9,655,823 shares of the company traded hands, compared to its average volume of 9,390,477. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.24, a PEG 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. The business has a 50 day simple moving average of $738.39 and a two-hundred day simple moving average of $659.37.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 39.99% and a return on equity of 39.33%. The company's revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 312,341 shares of company stock valued at $234,443,690 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

About Meta Platforms

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.