Federation des caisses Desjardins du Quebec Buys 70,269 Shares of Meta Platforms, Inc. $META

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Meta Platforms by 24.6%, acquiring an additional 70,269 shares, bringing its total ownership to 356,129 shares valued at approximately $205.3 million.
• Insider sales at Meta include Christopher K. Cox selling 60,000 shares for around $46.56 million, and CEO Mark Zuckerberg selling 15,847 shares for approximately $11.94 million, indicating significant insider activity.
• Meta Platforms reported strong earnings with an EPS of $7.14 for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 21.6% to $47.52 billion.

Federation des caisses Desjardins du Quebec boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 24.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,129 shares of the social networking company's stock after acquiring an additional 70,269 shares during the quarter. Meta Platforms accounts for 1.0% of Federation des caisses Desjardins du Quebec's portfolio, making the stock its 23rd largest position. Federation des caisses Desjardins du Quebec's holdings in Meta Platforms were worth $205,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group increased its stake in Meta Platforms by 12.0% in 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 increased its stake in Meta Platforms by 1.1% in 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 buying an additional 1,850 shares during the last quarter. Skye Global Management LP increased its stake in Meta Platforms by 130.9% in 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 buying an additional 43,200 shares during the last quarter. ARQ Wealth Advisors LLC increased its stake 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 worth $452,000 after purchasing an additional 34 shares during the last quarter. Finally, JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms during the 1st quarter worth about $284,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the company'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 transaction 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 quarter. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $738.70 on Tuesday. The company's 50 day moving average price is $736.54 and its two-hundred day moving average price is $657.96. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.86 trillion, a PE ratio of 26.75, a PEG ratio of 1.53 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 EPS. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities boosted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Barclays boosted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Pivotal Research boosted their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. KeyCorp boosted their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Wedbush boosted their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms 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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