Ameriflex Group Inc. Raises Holdings in Meta Platforms, Inc. $META

Key Points

• Ameriflex Group Inc. increased its stake in Meta Platforms, Inc. by 28.5% during the first quarter, owning a total of 3,281 shares valued at approximately $1,891,000.
• Meta Platforms reported a significant earnings beat with $7.14 EPS for the quarter, exceeding expectations by $1.39, and had a revenue of $47.52 billion, up 21.6% year-over-year.
• Multiple analysts raised their price targets for Meta Platforms, with JPMorgan Chase lifting its target from $795.00 to $875.00, reflecting a positive outlook for the company's stock.

Ameriflex Group Inc. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 28.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,281 shares of the social networking company's stock after buying an additional 728 shares during the period. Meta Platforms makes up approximately 0.8% of Ameriflex Group Inc.'s holdings, making the stock its 23rd largest holding. Ameriflex Group Inc.'s holdings in Meta Platforms were worth $1,891,000 at the end of the most recent reporting period.

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

Meta Platforms Stock Down 0.5%

META stock traded down $3.59 during trading on Tuesday, hitting $735.11. 9,294,340 shares of the company's stock traded hands, compared to its average volume of 9,485,708. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.62, a PEG ratio of 1.53 and a beta of 1.24. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $737.00 and a two-hundred day simple moving average of $658.50.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on META. KeyCorp increased their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Bank of America upped their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Guggenheim restated a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, Canaccord Genuity Group lifted their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 $184,059,219.75. The trade was a 20.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm'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 transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold 312,767 shares of company stock worth $234,716,347 over the last quarter. 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.