Kensico Capital Management Corp Trims Stock Position in Meta Platforms, Inc. $META

Key Points

• Kensico Capital Management Corp reduced its stake in Meta Platforms, Inc. by 3.0%, holding 241,700 shares valued at approximately $139.31 million, making it the 12th largest position in their portfolio.
• Meta Platforms recently reported earnings of $7.14 per share, surpassing expectations of $5.75, and reported a revenue increase of 21.6% year-over-year to $47.52 billion.
• Analysts have upgraded their price targets for Meta, with Bank of America raising its target from $775.00 to $900.00, while the consensus rating remains a "Moderate Buy" with an average target price of $822.41.

Kensico Capital Management Corp lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 241,700 shares of the social networking company's stock after selling 7,400 shares during the period. Meta Platforms comprises approximately 3.1% of Kensico Capital Management Corp's holdings, making the stock its 12th largest position. Kensico Capital Management Corp's holdings in Meta Platforms were worth $139,306,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of META. GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 67,172.9% during the 1st 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 during the last quarter. Nuveen LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at about $2,990,544,000. Assenagon Asset Management S.A. boosted its holdings in shares of 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 bought a new position in shares of Meta Platforms during the 4th quarter valued at about $1,162,918,000. Finally, Amundi boosted its holdings in shares of 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. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wedbush upped their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Stifel Nicolaus upped their target price on shares of Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Citizens Jmp upped their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. TD Cowen increased their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, DA Davidson increased their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the stock 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Buying and Selling

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the transaction, the director owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction on Monday, August 18th. The stock was 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 of the company's stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,341 shares of company stock valued at $234,443,690 over the last quarter. Insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.5%

META stock traded up $3.80 during mid-day trading 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 company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a 50 day moving average of $738.39 and a 200 day moving average of $659.06. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a market capitalization of $1.89 trillion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the firm earned $5.16 earnings per share. The company'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, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

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.