Atreides Management LP Takes Position in Meta Platforms, Inc. $META

Key Points

• Atreides Management LP acquired 239,789 shares of Meta Platforms, worth approximately $138.2 million, making it the 6th largest holding in their investment portfolio.
• Multiple analysts have raised their target prices for Meta Platforms, with current price estimates ranging from $840 to $930, indicating a strong positive sentiment about the company's stock.
• Insider selling activity included significant transactions by Christopher K. Cox and CEO Mark Zuckerberg, who sold a combined total of over $58 million in shares recently.

Atreides Management LP acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 239,789 shares of the social networking company's stock, valued at approximately $138,205,000. Meta Platforms comprises about 4.2% of Atreides Management LP's investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Inlight Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the first quarter worth $33,000. JCIC Asset Management Inc. boosted 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 acquiring an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. purchased a new position in shares of Meta Platforms in the fourth quarter valued at $47,000. Institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and increased their price target for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Roth Capital boosted their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein raised their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a 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 company's stock. According to MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Price Performance

NASDAQ:META traded down $3.59 during mid-day trading on Tuesday, reaching $735.11. The stock had a trading volume of 9,294,340 shares, compared to its average volume of 9,485,708. The stock has a market capitalization of $1.85 trillion, a P/E ratio of 26.62, a P/E/G ratio of 1.53 and a beta of 1.24. The firm has a 50 day moving average price of $737.00 and a two-hundred day moving average price of $658.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm 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 business'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. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the transaction, the director directly owned 8,877 shares of the company's stock, valued at $6,962,408.64. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the chief financial officer directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 312,767 shares of company stock valued at $234,716,347 over the last three months. 13.61% of the stock is currently owned by company insiders.

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.