Integrated Wealth Concepts LLC Buys 7,116 Shares of Meta Platforms, Inc. $META

Key Points

• Integrated Wealth Concepts LLC increased its position in Meta Platforms, Inc. by 11.7% in Q1, amassing a total value of $39.27 million with 68,135 shares owned.
• Analysts have raised their price targets for Meta Platforms, with Morgan Stanley and UBS Group increasing their targets to $850.00 and $897.00, respectively, indicating positive outlooks for the stock.
• Meta Platforms reported earnings per share of $7.14 for the last quarter, exceeding expectations and reflecting a revenue increase of 21.6% year-over-year.

Integrated Wealth Concepts LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,135 shares of the social networking company's stock after acquiring an additional 7,116 shares during the period. Integrated Wealth Concepts LLC's holdings in Meta Platforms were worth $39,270,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its stake in shares of Meta Platforms by 19.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 804,772 shares of the social networking company's stock valued at $463,838,000 after buying an additional 132,405 shares during the period. KADENSA CAPITAL Ltd boosted its stake in shares of Meta Platforms by 872.4% in the first quarter. KADENSA CAPITAL Ltd now owns 24,680 shares of the social networking company's stock valued at $14,225,000 after buying an additional 22,142 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Meta Platforms by 11.2% in the first quarter. Gotham Asset Management LLC now owns 99,557 shares of the social networking company's stock valued at $57,381,000 after buying an additional 10,011 shares during the period. Greenline Partners LLC boosted its stake in shares of Meta Platforms by 1.3% in the first quarter. Greenline Partners LLC now owns 13,916 shares of the social networking company's stock valued at $8,021,000 after buying an additional 181 shares during the period. Finally, Dorsey Asset Management LLC boosted its stake in shares of Meta Platforms by 18.6% in the first quarter. Dorsey Asset Management LLC now owns 247,057 shares of the social networking company's stock valued at $142,394,000 after buying an additional 38,810 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Up 0.5%

NASDAQ META traded up $3.80 on Friday, reaching $752.45. The company had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The business has a 50 day moving average of $738.39 and a two-hundred day moving average of $659.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data 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 during 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% on a year-over-year basis. During the same period in the prior year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on META shares. BMO Capital Markets boosted their price target on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" 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 company an "overweight" rating in a research report on Thursday, July 31st. Roth Capital boosted their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Monness Crespi & Hardt boosted their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Bank of America boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $784.32, for a total transaction of $364,708.80. Following the sale, the director owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 312,341 shares of company stock valued at $234,443,690. 13.61% of the stock is owned by corporate 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.