Meta Platforms, Inc. $META Shares Acquired by Banque Transatlantique SA

Key Points

• Bank Transatlantique SA significantly increased its holdings in Meta Platforms, acquiring an additional 24,289 shares, culminating in a total investment valued at $15.61 million.
• Institutional investors now own 79.91% of Meta's stock, reflecting a marked increase in investment interest as firms such as GAMMA Investing LLC raised their position by 67,172.9%.
• Meta's stock has received a consensus rating of "Moderate Buy" with a price target of $822.41, driven by multiple analyst upgrades and positive earnings results.

Banque Transatlantique SA boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 484.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,307 shares of the social networking company's stock after acquiring an additional 24,289 shares during the quarter. Banque Transatlantique SA's holdings in Meta Platforms were worth $15,610,000 as of its most recent SEC filing.

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

Insider Activity at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold 312,341 shares of company stock valued at $234,443,690 in the last ninety days. Corporate insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

META has been the subject of several research reports. Wedbush upped their target price on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays upped their target price on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Monness Crespi & Hardt upped their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, DA Davidson upped their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Stock Up 0.5%

Shares of META traded up $3.80 during trading hours on Friday, hitting $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 market capitalization of $1.89 trillion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a current ratio of 1.97, a quick 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 company's fifty day moving average price is $738.39 and its two-hundred day moving average price is $659.37.

Meta Platforms (NASDAQ:META - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share 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.