Gabelli Funds LLC Has $102.65 Million Position in Meta Platforms, Inc. $META

Key Points

• Gabelli Funds LLC reduced its holdings in Meta Platforms by 11.2%, owning 178,093 shares valued at approximately $102.65 million, making it the firm's 22nd largest position.
• Multiple hedge funds have adjusted their investments in Meta, with notable increases from Csenge Advisory Group (up 12%) and Skye Global Management (up 130.9%).
• Meta's stock received bullish price target revisions from analysts, with BMO Capital and Stifel Nicolaus raising targets to $710.00 and $900.00, respectively, reflecting strong growth expectations.

Gabelli Funds LLC lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,093 shares of the social networking company's stock after selling 22,380 shares during the quarter. Meta Platforms accounts for about 0.8% of Gabelli Funds LLC's portfolio, making the stock its 22nd biggest position. Gabelli Funds LLC's holdings in Meta Platforms were worth $102,646,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Csenge Advisory Group raised its position in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. Suvretta Capital Management LLC raised its position 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 raised its position 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 raised its position in Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after buying an additional 34 shares during the last quarter. Finally, JMG Financial Group Ltd. acquired a new stake in Meta Platforms in the 1st quarter valued at approximately $284,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Stifel Nicolaus lifted their target price on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. TD Securities dropped their target price on Meta Platforms from $725.00 to $700.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Scotiabank lifted their target price on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Roth Capital boosted their price target on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Three equities research 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Transactions at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value 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 trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 312,767 shares of company stock worth $234,618,139. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $753.30 on Tuesday. 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 50 day moving average of $731.33 and a 200-day moving average of $657.25. The company has a market capitalization of $1.89 trillion, a P/E ratio of 27.27, a P/E/G ratio of 1.56 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 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 during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the company posted $5.16 EPS. The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms's payout ratio is currently 7.60%.

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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