Junto Capital Management LP Buys 7,220 Shares of Meta Platforms, Inc. $META

Key Points

• Junto Capital Management LP increased its stake in Meta Platforms, acquiring an additional 7,220 shares, bringing its total holdings to 77,283 shares valued at $44.5 million.
• Various analysts have raised their price targets for Meta Platforms, with Loop Capital setting a new target of $980, while the current average target is $822.41.
• Insider transactions included CFO Susan J. Li selling 18,332 shares worth $14 million, representing a 17.89% decrease in her position.

Junto Capital Management LP raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,283 shares of the social networking company's stock after buying an additional 7,220 shares during the quarter. Junto Capital Management LP's holdings in Meta Platforms were worth $44,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position 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 valued at $13,517,178,000 after purchasing an additional 23,417,803 shares in the last quarter. Nuveen LLC purchased a new position in Meta Platforms in the 1st quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. increased its stake in Meta Platforms by 712.2% in the first 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 acquiring an additional 2,225,186 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Meta Platforms in the 4th quarter worth approximately $1,162,918,000. Finally, Goldman Sachs Group Inc. boosted its stake 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 valued at $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 312,767 shares of company stock worth $234,716,347. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Down 0.5%

Shares of NASDAQ:META traded down $3.65 during trading on Tuesday, hitting $735.05. The stock had a trading volume of 7,624,456 shares, compared to its average volume of 14,957,761. The company has a market capitalization of $1.85 trillion, a PE ratio of 26.61, a PEG ratio of 1.53 and a beta of 1.24. 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 firm's fifty day moving average is $736.54 and its 200 day moving average is $657.96. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly 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 company had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the prior year, the firm earned $5.16 earnings per share. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on META. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Benchmark lifted their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Pivotal Research boosted their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. BMO Capital Markets raised their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Finally, TD Cowen upped their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.