Beck Mack & Oliver LLC Acquires Shares of 2,103 Meta Platforms, Inc. $META

Key Points

• Beck Mack & Oliver LLC made a significant investment in Meta Platforms, acquiring 2,103 shares valued at approximately $1.2 million in the first quarter of the year.
• Wall Street analysts are optimistic about Meta's growth, with several firms raising their price targets, including Bank of America, which increased the target from $775 to $900.
• Meta's recent quarterly earnings exceeded expectations, with reported $7.14 earnings per share, surpassing the consensus estimate of $5.75.

Beck Mack & Oliver LLC bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,103 shares of the social networking company's stock, valued at approximately $1,212,000.

A number of other large investors have also modified their holdings of the company. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the 1st quarter worth about $33,000. JCIC Asset Management Inc. raised its holdings in shares of Meta Platforms by 102.6% during the first 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. bought a new stake in shares of Meta Platforms during the 4th quarter worth $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Ratings Changes

META has been the topic of several research analyst reports. TD Cowen raised their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Guggenheim reissued a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Monness Crespi & Hardt boosted their price objective on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Finally, Canaccord Genuity Group raised their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Price Performance

Shares of META traded down $3.59 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. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The firm has a market capitalization of $1.85 trillion, a PE ratio of 26.62, a PEG ratio of 1.53 and a beta of 1.24. The firm has a 50-day moving average of $736.54 and a 200 day moving average of $657.96. 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 (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 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 business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the firm earned $5.16 earnings per share. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $750.47, for a total transaction of $389,493.93. Following the completion of the transaction, the insider directly owned 32,427 shares in the company, valued at $24,335,490.69. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the company's 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 trade represents 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 quarter. 13.61% of the stock is currently owned by corporate insiders.

About Meta Platforms

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.