Grace & Mercy Foundation Inc. Has $56.77 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Grace & Mercy Foundation Inc. reduced its holdings in Meta Platforms by 6.8%, ending the quarter with 98,492 shares valued at approximately $56.8 million.
• Institutional investors own 79.91% of Meta's stock, with notable increases from various hedge funds, including GAMMA Investing LLC's massive 67,172.9% increase.
• Meta Platforms recently reported quarterly earnings of $7.14 per share, exceeding analyst estimates and reflecting a 21.6% year-over-year revenue increase to $47.52 billion.

Grace & Mercy Foundation Inc. cut its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,492 shares of the social networking company's stock after selling 7,233 shares during the quarter. Meta Platforms comprises approximately 14.2% of Grace & Mercy Foundation Inc.'s holdings, making the stock its 3rd largest position. Grace & Mercy Foundation Inc.'s holdings in Meta Platforms were worth $56,767,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in META. GAMMA Investing LLC lifted its stake in shares of Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after buying an additional 23,417,803 shares during the last quarter. Nuveen LLC acquired a new position in Meta Platforms during the 1st quarter valued at $2,990,544,000. Assenagon Asset Management S.A. raised its stake in Meta Platforms by 712.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Meta Platforms during the 4th quarter valued at $1,162,918,000. Finally, Amundi raised its stake in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 18,332 shares of the 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 sale, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 312,341 shares of company stock worth $234,443,690 over the last ninety days. Company insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.5%

Meta Platforms stock traded up $3.80 during trading hours on Friday, reaching $752.45. 9,655,823 shares of the company's stock traded hands, compared to its average volume of 9,390,477. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.55 and a beta of 1.24. The firm's 50 day moving average is $738.39 and its 200-day moving average is $659.06.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on META shares. Wells Fargo & Company upped their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their price target for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Scotiabank boosted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Morgan Stanley upped their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, UBS Group upped their target price on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

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.