Advisors Asset Management Inc. Sells 2,959 Shares of Meta Platforms, Inc. $META

Key Points

• Advisors Asset Management Inc. reduced its holdings in Meta by 1.8% during the first quarter, now owning 159,391 shares valued at approximately $91.87 million.
• GAMMA Investing LLC significantly increased its stake in Meta by 67,172.9%, now holding over 23 million shares worth $13.5 billion.
$7.14, surpassing estimates by $1.39, and a year-over-year revenue increase of 21.6%.

Advisors Asset Management Inc. lessened its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,391 shares of the social networking company's stock after selling 2,959 shares during the quarter. Meta Platforms makes up 1.7% of Advisors Asset Management Inc.'s holdings, making the stock its 5th largest holding. Advisors Asset Management Inc.'s holdings in Meta Platforms were worth $91,867,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of META. GAMMA Investing LLC grew 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 acquiring an additional 23,417,803 shares during the last quarter. Nuveen LLC bought a new position in Meta Platforms in the 1st quarter valued at $2,990,544,000. Assenagon Asset Management S.A. grew its position in 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Meta Platforms in the 4th quarter valued at $1,162,918,000. Finally, Amundi grew 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 buying an additional 1,470,070 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 312,341 shares of company stock valued at $234,443,690 in the last 90 days. 13.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on META. Piper Sandler increased their price target on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Barclays increased their price target on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Guggenheim reissued a "buy" rating and set a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Pivotal Research increased their price target on Meta Platforms from $830.00 to $930.00 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 given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Stock Up 0.5%

Shares of NASDAQ META traded up $3.80 during mid-day trading on Friday, reaching $752.45. 9,655,823 shares of the company were exchanged, compared to its average volume of 9,390,477. The firm has a 50-day moving average of $738.39 and a 200 day moving average of $659.37. 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, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24.

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, beating analysts' consensus estimates 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 last year, the business posted $5.16 earnings per share. The firm's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

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.