Jacobs Levy Equity Management Inc. Purchases 132,405 Shares of Meta Platforms, Inc. $META

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Meta Platforms, acquiring an additional 132,405 shares, bringing its total holdings to 804,772 shares, valued at approximately $463.8 million.
• Several institutional investors have significantly raised their stakes in Meta, including GAMMA Investing LLC, which increased its holdings by an astonishing 67,172.9%.
• Meta Platforms reported $7.14 earnings per share for the last quarter, exceeding analysts' expectations of $5.75, and its revenue increased by 21.6% compared to the previous year.

Jacobs Levy Equity Management Inc. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 804,772 shares of the social networking company's stock after purchasing an additional 132,405 shares during the period. Meta Platforms accounts for 1.8% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 4th biggest position. Jacobs Levy Equity Management Inc.'s holdings in Meta Platforms were worth $463,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Meta Platforms by 67,172.9% during 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. Invesco Ltd. boosted its position in shares of Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after acquiring an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 valued at $8,977,361,000 after purchasing an additional 1,255,546 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Meta Platforms by 2.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock valued at $7,030,399,000 after purchasing an additional 280,357 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock valued at $5,787,329,000 after purchasing an additional 247,850 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Stock Up 0.5%

Meta Platforms stock traded up $3.80 during midday trading on Friday, reaching $752.45. The company's stock had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.89 trillion, a P/E ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. The business has a 50-day simple moving average of $738.39 and a 200-day simple moving average of $659.06.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the company earned $5.16 EPS. The business's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Activity at Meta Platforms

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

Analysts Set New Price Targets

A number of research analysts recently commented on META shares. Citizens Jmp upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Bank of America upped their price target on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Scotiabank upped their price target on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. 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 report on Thursday, July 31st. Finally, Morgan Stanley upped their price objective 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. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Company 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.