Aragon Global Management LP acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,585 shares of the social networking company's stock, valued at approximately $9,559,000. Meta Platforms accounts for approximately 3.7% of Aragon Global Management LP's investment portfolio, making the stock its 12th biggest position.
A number of other institutional investors have also recently bought and sold shares of META. Brighton Jones LLC grew its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC grew its holdings in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after purchasing an additional 7,587 shares during the period. Highview Capital Management LLC DE grew its holdings in Meta Platforms by 3.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after purchasing an additional 218 shares during the period. Finally, Benchstone Capital Management LP acquired a new position in Meta Platforms during the fourth quarter valued at approximately $23,749,000. Institutional investors and hedge funds own 79.91% of the company's stock.
Analyst Upgrades and Downgrades
META has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a report on Thursday, May 1st. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and lifted their price target for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. JMP Securities lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Finally, Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Three investment 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $822.41.
Read Our Latest Stock Report on META
Insiders Place Their Bets
In related news, COO Javier Olivan sold 517 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $755.11, for a total transaction of $390,391.87. Following the transaction, the chief operating officer directly owned 12,611 shares in the company, valued at approximately $9,522,692.21. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,803 shares of company stock valued at $235,398,025 over the last 90 days. 13.61% of the stock is currently owned by company insiders.
Meta Platforms Stock Performance
Shares of META stock opened at $751.11 on Friday. The company's fifty day simple moving average is $734.61 and its 200-day simple moving average is $658.77. 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 firm has a market cap of $1.89 trillion, a PE ratio of 27.19, a P/E/G ratio of 1.54 and a beta of 1.27. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Company Profile
(
Free Report)
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.
See Also
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