174,390 Shares in Meta Platforms, Inc. $META Acquired by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. invested approximately $100.51 million in Meta Platforms, acquiring 174,390 shares, making it the company's 20th largest holding.
• Several other institutional investors have significantly increased their stakes in Meta, including GAMMA Investing LLC, which raised its position by an astounding 67,172.9%.
• Analysts are optimistic about Meta's future, with firms raising their price targets and many giving it a "buy" rating, leading to a consensus rating of "Moderate Buy".

Maverick Capital Ltd. bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 174,390 shares of the social networking company's stock, valued at approximately $100,511,000. Meta Platforms makes up 1.8% of Maverick Capital Ltd.'s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. grew its stake in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Meta Platforms in the fourth quarter worth $47,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 0.5%

Shares of NASDAQ:META traded down $3.59 on Tuesday, hitting $735.11. The company had a trading volume of 9,294,340 shares, compared to its average volume of 9,485,708. The firm's 50-day simple moving average is $737.00 and its two-hundred day simple moving average is $658.50. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year 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 firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.53 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. KeyCorp upped their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Roth Capital upped their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. BMO Capital Markets upped their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $920.00 price objective on shares of Meta Platforms in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Activity

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction 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. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 312,767 shares of company stock worth $234,716,347. Insiders own 13.61% of the company's stock.

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.