Atalanta Sosnoff Capital LLC Buys 33,574 Shares of Meta Platforms, Inc. $META

Key Points

• Atalanta Sosnoff Capital LLC has increased its stake in Meta Platforms by 12.9%, owning 293,774 shares, which represents 4.1% of its portfolio worth approximately $169 million.
• Meta Platforms reported earnings of $7.14 per share, surpassing analysts' expectations and achieving a 21.6% year-over-year revenue increase of $47.52 billion.
• Recent analyst upgrades have raised price targets for Meta Platforms, with targets now ranging from $850 to $900, indicating a favorable outlook for the stock.

Atalanta Sosnoff Capital LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 293,774 shares of the social networking company's stock after buying an additional 33,574 shares during the period. Meta Platforms accounts for approximately 4.1% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 6th biggest position. Atalanta Sosnoff Capital LLC's holdings in Meta Platforms were worth $169,319,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Csenge Advisory Group lifted its position in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC lifted its holdings in shares of Meta Platforms by 1.1% during the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after buying an additional 1,850 shares during the last quarter. Skye Global Management LP boosted its position in shares of Meta Platforms by 130.9% in the fourth quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock valued at $44,616,000 after acquiring an additional 43,200 shares during the period. ARQ Wealth Advisors LLC boosted its position in shares of Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after acquiring an additional 34 shares during the period. Finally, JMG Financial Group Ltd. acquired a new stake in shares of Meta Platforms in the first quarter worth $284,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

NASDAQ:META traded up $3.80 during trading hours on Friday, reaching $752.45. The company had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. 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 stock has a 50-day moving average of $738.39 and a two-hundred day moving average of $659.37. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The firm has a market capitalization of $1.89 trillion, a PE ratio of 27.24, a PEG ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The company 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 firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on META. Canaccord Genuity Group increased 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. TD Cowen increased their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Roth Capital lifted their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $920.00 price target on shares of Meta Platforms in a report on Wednesday, August 13th. Finally, UBS Group lifted their price objective on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction 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 sale, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. This represents a 20.19% 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 worth $234,443,690 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Company 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.