Gobi Capital LLC Reduces Position in Meta Platforms, Inc. $META

Key Points

• Gobi Capital LLC holds a significant stock position in Meta Platforms, valued at $413 million, after reducing its holdings by 3% in the first quarter.
• Analysts remain optimistic about Meta, with target prices raised by firms like TD Cowen and Stifel Nicolaus, and a consensus rating of "Moderate Buy" among analysts.
• Meta reported strong earnings last quarter, with a 21.6% revenue increase year-over-year, posting $7.14 EPS, which exceeded expectations.

Gobi Capital LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 716,579 shares of the social networking company's stock after selling 21,900 shares during the quarter. Meta Platforms makes up approximately 23.5% of Gobi Capital LLC's holdings, making the stock its largest position. Gobi Capital LLC's holdings in Meta Platforms were worth $413,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in META. Brighton Jones LLC boosted its position in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Meta Platforms by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying an additional 7,587 shares during the period. Highview Capital Management LLC DE lifted its holdings in shares of Meta Platforms by 3.7% in the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after buying an additional 218 shares during the period. Finally, Benchstone Capital Management LP acquired a new stake in shares of Meta Platforms in the fourth quarter valued at $23,749,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Down 0.5%

Shares of META traded down $3.65 during trading hours on Tuesday, hitting $735.05. 7,624,456 shares of the stock traded hands, compared to its average volume of 14,957,761. The firm has a market capitalization of $1.85 trillion, a PE ratio of 26.61, 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 current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $736.54 and a 200-day moving average of $657.96.

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, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the firm earned $5.16 earnings per share. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on META. Sanford C. Bernstein upped their price objective on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a 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. Wells Fargo & Company boosted their target price on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler boosted their target price on Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus increased their price objective on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Transactions at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction dated Friday, August 1st. The stock was 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 312,767 shares of company stock valued at $234,716,347 over the last three months. Company insiders own 13.61% of the company's stock.

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.