GKV Capital Management Co. Inc. Lowers Stake in Meta Platforms, Inc. $META

Key Points

• GKV Capital Management Co. Inc. reduced its stake in Meta Platforms by 60.8%, selling 3,836 shares and retaining a total of 2,475 shares worth approximately $1.426 million.
• Meta reported better-than-expected earnings with $7.14 EPS this quarter, surpassing analysts' expectations, and revenue increased by 21.6% compared to the previous year.
• Analysts are optimistic about META, with upgrades in ratings and prices, including a raise from HSBC to $900.00 and a consensus target price of $822.41.

GKV Capital Management Co. Inc. lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 60.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,475 shares of the social networking company's stock after selling 3,836 shares during the quarter. GKV Capital Management Co. Inc.'s holdings in Meta Platforms were worth $1,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 23,417,803 shares in the last quarter. Nuveen LLC bought a new position in shares of Meta Platforms in the 1st quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. raised its position in shares of Meta Platforms by 712.2% in the 1st 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 acquiring an additional 2,225,186 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Meta Platforms in the 4th quarter worth approximately $1,162,918,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

Shares of META stock traded down $12.41 on Monday, reaching $738.70. The stock had a trading volume of 9,057,679 shares, compared to its average volume of 10,275,794. The stock has a market cap of $1.86 trillion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. 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 company has a 50 day simple moving average of $735.73 and a 200 day simple moving average of $657.95.

Meta Platforms (NASDAQ:META - Get Free Report) last released its 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. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on META shares. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Morgan Stanley raised their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Benchmark raised their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and lifted their target price for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold a total of 313,286 shares of company stock valued at $235,064,596 over the last ninety days. 13.61% of the stock is currently owned by company insiders.

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.