Knightsbridge Asset Management LLC Boosts Stock Position in Meta Platforms, Inc. $META

Key Points

• Knightsbridge Asset Management LLC increased its holdings in Meta Platforms, Inc. by 36.4% in the first quarter, owning a total of 2,289 shares valued at approximately $1.32 million.
• Wall Street analysts have raised their price targets for Meta Platforms, with estimates now ranging from $875.00 to $980.00, indicating strong confidence in the company's future performance.
• Meta reported impressive financial results, with $7.14 EPS for the quarter, surpassing the consensus estimate of $5.75 and showing a year-over-year revenue increase of 21.6%.

Knightsbridge Asset Management LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 36.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,289 shares of the social networking company's stock after buying an additional 611 shares during the quarter. Knightsbridge Asset Management LLC's holdings in Meta Platforms were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. lifted its stake in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms during the 4th quarter worth approximately $47,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 1.8%

Shares of META traded down $13.72 during trading hours on Wednesday, hitting $751.98. The company had a trading volume of 12,055,746 shares, compared to its average volume of 14,826,007. The company has a market capitalization of $1.89 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company's fifty day moving average price is $739.60 and its two-hundred day moving average price is $660.03.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 firm 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 company posted $5.16 EPS. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

META has been the subject of a number of research analyst reports. Monness Crespi & Hardt lifted their target price on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Benchmark lifted their target price on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Loop Capital reaffirmed a "buy" rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Finally, Roth Capital lifted their target price on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $375,471.25. Following the completion of the sale, the chief operating officer owned 12,094 shares of the company's stock, valued at approximately $8,783,267.50. This trade represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the sale, the director directly owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 282,244 shares of company stock valued at $213,336,095. 13.61% of the stock is currently 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.