Canada Pension Plan Investment Board lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,912,791 shares of the social networking company's stock after selling 5,264 shares during the period. Meta Platforms comprises approximately 1.6% of Canada Pension Plan Investment Board's investment portfolio, making the stock its 10th largest holding. Canada Pension Plan Investment Board owned 0.11% of Meta Platforms worth $1,678,816,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of META. Lantern Wealth Advisors LLC lifted its stake in shares of Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after buying an additional 14 shares in the last quarter. ABLE Financial Group LLC lifted its stake in Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after acquiring an additional 15 shares in the last quarter. Cedar Point Capital Partners LLC grew its stake in shares of Meta Platforms by 2.2% in the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after acquiring an additional 16 shares in the last quarter. Mosaic Family Wealth Partners LLC lifted its position in shares of Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares in the last quarter. Finally, Orin Green Financial LLC boosted its holdings in Meta Platforms by 2.2% during the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after purchasing an additional 17 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Stock Performance
Shares of META opened at $751.11 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock's 50-day simple moving average is $734.61 and its 200 day simple moving average is $658.77.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the firm posted $5.16 earnings per share. The company's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Insider Transactions at Meta Platforms
In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value 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. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,803 shares of company stock valued at $235,398,025. 13.61% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Susquehanna decreased their price objective on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Benchmark increased their price target on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Sanford C. Bernstein upped their price objective on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Oppenheimer raised their target price on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.
Read Our Latest Stock Report on Meta Platforms
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.
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