Meta Platforms, Inc. $META Holdings Reduced by Promethium Advisors LLC

Key Points

• Promethium Advisors LLC reduced its holdings in Meta Platforms by 48.7% in Q1, owning only 533 shares worth $307,000 after selling 505 shares.
• Multiple institutional investors and hedge funds have either established or increased their positions in Meta, indicating strong investor interest, with 79.91% of the stock being owned by institutional investors.
• Meta's shares performed well in the last earnings report, with earnings per share of $7.14, exceeding estimates, and a revenue of $47.52 billion, reflecting a 21.6% year-over-year increase.

Promethium Advisors LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 48.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 533 shares of the social networking company's stock after selling 505 shares during the period. Promethium Advisors LLC's holdings in Meta Platforms were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Inlight Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter worth about $33,000. JCIC Asset Management Inc. raised its position 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 buying an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms during the 4th quarter worth about $47,000. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on META shares. 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 report on Thursday, July 31st. Cantor Fitzgerald restated an "overweight" rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Wednesday, August 13th. Oppenheimer raised their target price on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Canaccord Genuity Group boosted their price target 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Stock Performance

Shares of META stock opened at $738.70 on Tuesday. The company has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.53 and a beta of 1.24. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock's fifty day simple moving average is $736.54 and its 200-day simple moving average is $657.96.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, August 25th. The stock was sold at an average price of $755.11, for a total transaction of $390,391.87. Following the completion of the sale, the chief operating officer owned 12,611 shares of the company's stock, valued at approximately $9,522,692.21. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $750.47, for a total value of $389,493.93. Following the completion of the transaction, the insider owned 32,427 shares in the company, valued at $24,335,490.69. This trade represents a 1.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 312,767 shares of company stock worth $234,716,347. 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.

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