Crake Asset Management LLP Makes New Investment in Meta Platforms, Inc. $META

Key Points

• Crake Asset Management LLP has made a new investment in Meta Platforms, acquiring 72,000 shares valued at approximately $41.5 million, making it the firm's 8th biggest holding.
• Institutional investors currently own 79.91% of Meta Platforms’ stock, with several hedge funds increasing their positions during the first quarter of the year.
• Meta Platforms reported $7.14 earnings per share last quarter, surpassing analysts' estimates and contributing to a 21.6% revenue increase compared to the previous year.

Crake Asset Management LLP purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 72,000 shares of the social networking company's stock, valued at approximately $41,498,000. Meta Platforms makes up approximately 3.3% of Crake Asset Management LLP's holdings, making the stock its 8th biggest holding.

A number of other hedge funds have also modified their holdings of the business. Bridgeway Capital Management LLC grew its position in Meta Platforms by 6.7% in the first quarter. Bridgeway Capital Management LLC now owns 64,208 shares of the social networking company's stock worth $37,007,000 after acquiring an additional 4,015 shares during the period. Bwcp LP purchased a new stake in Meta Platforms during the first quarter worth about $17,902,000. Bain Capital Public Equity Management II LLC purchased a new stake in Meta Platforms during the 1st quarter worth approximately $95,671,000. Bain Capital Public Equity LP acquired a new stake in Meta Platforms during the 1st quarter worth approximately $8,154,000. Finally, Belmont Capital LLC boosted its position in Meta Platforms by 0.9% in the 1st quarter. Belmont Capital LLC now owns 160,887 shares of the social networking company's stock valued at $92,729,000 after buying an additional 1,391 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the transaction, the director owned 8,877 shares in the company, valued at approximately $6,962,408.64. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $750.47, for a total value of $389,493.93. Following the sale, the insider owned 32,427 shares of the company's stock, valued at $24,335,490.69. The trade was a 1.58% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 312,767 shares of company stock worth $234,716,347. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Up 0.3%

Meta Platforms stock opened at $737.05 on Thursday. 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's fifty day moving average is $737.56 and its two-hundred day moving average is $659.04. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations 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 firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JMP Securities boosted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Benchmark increased their target price on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Bank of America lifted their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, TD Cowen increased their price objective on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Three 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. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Company 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.

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