Kamunting Street Capital Management L.P. Takes $11.53 Million Position in Meta Platforms, Inc. $META

Key Points

• Kamunting Street Capital Management L.P. has acquired a new stake in Meta Platforms, purchasing 20,000 shares valued at approximately $11.5 million, making it the firm's 5th largest position.
• Multiple analysts have issued positive reports on Meta Platforms, with target prices raised significantly, including a new target of $900 from HSBC, indicating a strong consensus on the stock's growth potential.
• Insider trading activity includes notable sales, with executives Jennifer Newstead and Andrew Bosworth offloading shares, reflecting a 1.55% and 86.67% decrease in their respective holdings.

Kamunting Street Capital Management L.P. bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,000 shares of the social networking company's stock, valued at approximately $11,527,000. Meta Platforms accounts for about 7.7% of Kamunting Street Capital Management L.P.'s portfolio, making the stock its 5th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of 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 in the last quarter. Nuveen LLC acquired a new stake in Meta Platforms during the first quarter worth $2,990,544,000. Northern Trust Corp boosted its stake in Meta Platforms by 13.5% during the fourth quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock worth $13,727,613,000 after buying an additional 2,787,832 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Meta Platforms by 712.2% in 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Meta Platforms in the 4th quarter valued at $1,162,918,000. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on META. Truist Financial upped their price target on shares of Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. UBS Group boosted their price objective on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Susquehanna dropped their price objective on Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a report on Thursday, May 1st. Piper Sandler boosted their price objective on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Citigroup reissued an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Three 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Stock Up 0.5%

Shares of META traded up $4.06 on Thursday, hitting $751.44. The company's stock had a trading volume of 3,646,094 shares, compared to its average volume of 15,018,695. 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 price is $733.50 and its 200-day moving average price is $658.54. 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 27.21, a P/E/G ratio of 1.56 and a beta of 1.27.

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

Insiders Place Their Bets

In other Meta Platforms news, 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 of the company's stock, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The transaction 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 the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 313,284 shares of company stock valued at $235,008,531 in the last quarter. 13.61% of the stock is currently owned by 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.