Concentric Capital Strategies LP Trims Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Concentric Capital Strategies LP significantly reduced its holdings in Meta Platforms, Inc. by 83.6%, owning only 4,314 shares after selling 21,944 shares in the first quarter.
• Analysts have raised their target prices for Meta Platforms, with JPMorgan setting a new target at $875, and benchmark estimates reaching as high as $890.
• Insider transactions include Christopher K. Cox selling 60,000 shares and CEO Mark Zuckerberg selling 15,847 shares in August, indicating notable movements among company executives.

Concentric Capital Strategies LP lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 83.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,314 shares of the social networking company's stock after selling 21,944 shares during the period. Concentric Capital Strategies LP's holdings in Meta Platforms were worth $2,486,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Csenge Advisory Group raised its stake in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after buying an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC grew its position in shares of Meta Platforms by 1.1% during the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock valued at $99,735,000 after acquiring an additional 1,850 shares during the period. Skye Global Management LP grew its position in shares of Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock valued at $44,616,000 after acquiring an additional 43,200 shares during the period. ARQ Wealth Advisors LLC grew its position in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after acquiring an additional 34 shares during the period. Finally, JMG Financial Group Ltd. acquired a new stake in shares of Meta Platforms during the 1st quarter valued at about $284,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on META shares. JPMorgan Chase & Co. raised their target price on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Benchmark raised their target price on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JMP Securities raised their target price on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Roth Capital raised their target price on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Citizens Jmp raised their target price on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was 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 a total of 312,767 shares of company stock worth $234,716,347 in the last ninety days. Insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.3%

META stock opened at $737.05 on Thursday. 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 12-month low of $479.80 and a 12-month high of $796.25. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.53 and a beta of 1.24. The business's 50-day moving average is $737.56 and its 200 day moving average is $659.04.

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 (EPS) 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 company had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the firm posted $5.16 EPS. Meta Platforms's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

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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