Cinctive Capital Management LP Acquires 4,420 Shares of Meta Platforms, Inc. $META

Key Points

• Cinctive Capital Management LP increased its holdings in Meta Platforms by 48.1%, acquiring an additional 4,420 shares in the first quarter, bringing their total ownership to 13,604 shares valued at approximately $7.84 million.
• Wall Street analysts have shown strong confidence in Meta Platforms, with several upgrading their ratings and raising their price targets, including HSBC and JMP Securities, which set targets of up to $900.
• Meta Platforms reported better-than-expected quarterly earnings, earning $7.14 per share, which surpassed analyst estimates, and demonstrated a year-over-year revenue increase of 21.6% to $47.52 billion.

Cinctive Capital Management LP grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 48.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,604 shares of the social networking company's stock after acquiring an additional 4,420 shares during the quarter. Cinctive Capital Management LP's holdings in Meta Platforms were worth $7,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of META. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the first quarter valued at approximately $33,000. JCIC Asset Management Inc. increased 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 in the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $47,000. Institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

META has been the subject of several recent research reports. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and upped their price target for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. JMP Securities upped their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a report on Wednesday, August 13th. DA Davidson upped their price target on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Oppenheimer upped their price target on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Stock Up 0.3%

META stock opened at $737.05 on Thursday. The stock's fifty day simple moving average is $737.56 and its two-hundred day simple moving average is $659.04. 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 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market cap of $1.85 trillion, a P/E ratio of 26.69, a P/E/G ratio of 1.53 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the previous year, the firm earned $5.16 earnings per share. The business's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Activity

In other news, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the company'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 transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 312,767 shares of company stock valued at $234,716,347 in the last 90 days. Insiders own 13.61% of the company's stock.

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.

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