Meta Platforms, Inc. $META is DCM Advisors LLC's 3rd Largest Position

Key Points

• DCM Advisors LLC reduced its holdings in Meta Platforms, Inc. by 17.6%, now owning 16,522 shares valued at approximately $9.48 million, making it the fund's third largest position.
• Significant increases in holdings were noted as GAMMA Investing LLC raised its stake by 67,172.9% to over 23 million shares, alongside Nuveen LLC's new position worth around $2.99 billion.
• Meta reported a quarterly EPS of $7.14, surpassing estimates by $1.39, with a net margin of 39.99% and revenue up 21.6% year-over-year, indicating strong financial performance.

DCM Advisors LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,522 shares of the social networking company's stock after selling 3,523 shares during the period. Meta Platforms comprises approximately 5.0% of DCM Advisors LLC's portfolio, making the stock its 3rd largest position. DCM Advisors LLC's holdings in Meta Platforms were worth $9,479,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Meta Platforms by 67,172.9% in 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 buying an additional 23,417,803 shares during the period. Nuveen LLC purchased a new position in shares of Meta Platforms in the first quarter valued at approximately $2,990,544,000. Assenagon Asset Management S.A. increased its holdings 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 acquiring an additional 2,225,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Meta Platforms during the 4th quarter worth $1,162,918,000. Finally, Amundi boosted its position 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 worth $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Monness Crespi & Hardt increased their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Canaccord Genuity Group upped their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Raymond James Financial increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. BMO Capital Markets boosted their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Finally, KeyCorp raised their price target on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Stock Down 1.8%

NASDAQ:META traded down $13.72 on Wednesday, hitting $751.98. The stock had a trading volume of 12,062,679 shares, compared to its average volume of 9,602,366. The business's fifty day moving average is $740.37 and its 200 day moving average is $660.67. The company has a market cap of $1.89 trillion, a PE ratio of 27.23, a P/E/G ratio of 1.58 and a beta of 1.24. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week 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.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The firm'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 fiscal year.

Insider Activity

In other news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the business'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 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 $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 282,761 shares of company stock worth $213,726,766 over the last 90 days. Corporate insiders own 13.61% of the company's stock.

About Meta Platforms

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.