Aprio Wealth Management LLC Buys 680 Shares of Meta Platforms, Inc. $META

Key Points

• Aprio Wealth Management LLC increased its stake in Meta Platforms, Inc. by 16.7% in Q1, raising its holdings to 4,745 shares valued at approximately $2.73 million.
• Institutional investors now own almost 80% of Meta's stock, with significant increases in holdings reported from firms such as GAMMA Investing LLC and Invesco Ltd..
• Meta Platforms had a strong Q2, reporting an earnings per share of $7.14, exceeding analyst estimates and seeing a 21.6% year-over-year increase in revenue.

Aprio Wealth Management LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 16.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,745 shares of the social networking company's stock after buying an additional 680 shares during the quarter. Aprio Wealth Management LLC's holdings in Meta Platforms were worth $2,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. 14B Captial Management LP grew its holdings in shares of Meta Platforms by 1.9% during the first quarter. 14B Captial Management LP now owns 16,400 shares of the social networking company's stock valued at $9,452,000 after buying an additional 300 shares during the last quarter. 3G Capital Partners LP grew its holdings in shares of Meta Platforms by 9.7% during the first quarter. 3G Capital Partners LP now owns 85,000 shares of the social networking company's stock valued at $48,991,000 after buying an additional 7,500 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Meta Platforms by 2.1% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,132,035 shares of the social networking company's stock valued at $1,228,820,000 after acquiring an additional 43,800 shares during the last quarter. Paragon Private Wealth Management LLC boosted its holdings in shares of Meta Platforms by 17.2% during the 1st quarter. Paragon Private Wealth Management LLC now owns 7,146 shares of the social networking company's stock valued at $4,119,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Family Office Research LLC boosted its holdings in shares of Meta Platforms by 59.4% during the 1st quarter. Family Office Research LLC now owns 1,355 shares of the social networking company's stock valued at $782,000 after acquiring an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on META shares. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Pivotal Research raised their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Canaccord Genuity Group raised their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. DA Davidson raised their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Guggenheim reaffirmed a "buy" rating and set a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $822.41.

Insider Activity

In other news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $726.25, for a total transaction of $376,923.75. Following the sale, the insider owned 31,908 shares in the company, valued at $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. Over the last ninety days, insiders sold 312,341 shares of company stock worth $234,443,690. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

META traded up $3.80 during trading on Friday, hitting $752.45. The company's stock had a trading volume of 9,655,823 shares, compared to its average volume of 9,507,611. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The firm has a market cap of $1.89 trillion, a PE ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. The business's 50 day simple moving average is $738.39 and its 200-day simple moving average is $658.81.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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. 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 the consensus estimate of $44.55 billion. During the same period in the previous year, the company posted $5.16 EPS. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

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.