Crew Capital Management Ltd. Buys 1,402 Shares of Meta Platforms, Inc. $META

Key Points

• Crew Capital Management Ltd. increased its stake in Meta Platforms, Inc. by 182.1% in the second quarter, now holding a total of 2,172 shares valued at approximately $1.6 million.
• Recent insider trading saw CTO Andrew Bosworth and CFO Susan J. Li sell a combined total of 30,026 shares, reflecting significant decreases in their respective ownership positions.
• Several analysts upgraded Meta Platforms, raising target prices significantly, with the consensus price target now at $826.05, indicating strong investor confidence amidst recent stock performance.

Crew Capital Management Ltd. grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 182.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,172 shares of the social networking company's stock after buying an additional 1,402 shares during the quarter. Meta Platforms accounts for 1.1% of Crew Capital Management Ltd.'s investment portfolio, making the stock its 19th biggest position. Crew Capital Management Ltd.'s holdings in Meta Platforms were worth $1,603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after acquiring an additional 59,766,000 shares during the last quarter. GAMMA Investing LLC raised its position in Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after purchasing an additional 23,417,803 shares during the period. Nuveen LLC bought a new stake in Meta Platforms in the first quarter worth $2,990,544,000. Assenagon Asset Management S.A. lifted its stake in Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Finally, Amundi boosted its position in Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after buying an additional 1,470,070 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 230,336 shares of company stock valued at $176,625,049 over the last ninety days. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on META. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. DA Davidson boosted their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Sanford C. Bernstein lifted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wedbush upped their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, UBS Group raised their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Trading Down 1.5%

NASDAQ:META opened at $748.91 on Friday. The company has a 50-day moving average price of $750.95 and a 200-day moving average price of $669.54. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 1.59 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, beating 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 analyst estimates of $44.55 billion. During the same period in the previous year, the company posted $5.16 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

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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