EFG Asset Management North America Corp. Cuts Stake in Meta Platforms, Inc. $META

Key Points

• EFG Asset Management North America Corp. reduced its stake in Meta Platforms by 3.7%, leaving it with 23,533 shares valued at approximately $13.56 million, making Meta its 4th largest holding.
• Meta Platforms reported an impressive $7.14 EPS for its last quarter, beating estimates significantly and achieving a year-over-year revenue increase of 21.6%.
• According to analysts, Meta's stock has a consensus rating of "Moderate Buy" with an average target price of $822.41, reflecting positive sentiment among investors.

EFG Asset Management North America Corp. lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,533 shares of the social networking company's stock after selling 906 shares during the period. Meta Platforms makes up approximately 2.3% of EFG Asset Management North America Corp.'s holdings, making the stock its 4th biggest position. EFG Asset Management North America Corp.'s holdings in Meta Platforms were worth $13,564,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the first quarter worth about $33,000. JCIC Asset Management Inc. lifted its position in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Meta Platforms during the fourth quarter valued at $47,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Up 0.3%

META opened at $737.05 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.53 and a beta of 1.24. The company has a 50-day simple moving average of $737.56 and a 200 day simple moving average of $659.04. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The company's revenue was up 21.6% on a year-over-year basis. 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.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Friday, August 1st. The shares were 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 sold a total of 312,767 shares of company stock valued at $234,716,347 in the last quarter. Insiders own 13.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. KeyCorp increased their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Monness Crespi & Hardt increased their price target on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. DA Davidson lifted their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Roth Capital increased their price target on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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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