Broadleaf Partners LLC Has $15.36 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Broadleaf Partners LLC reduced its holdings in Meta by 8.8%, now owning 26,650 shares, making it the 7th largest position in their portfolio, valued at approximately $15.36 million.
• Insiders sold a total of 313,803 shares of Meta in the last quarter, with notable sales including CEO Mark Zuckerberg, who sold 15,847 shares for over $11.9 million.
• Meta's stock price increased by 2.1%, and the company reported a quarterly revenue of $47.52 billion, surpassing analyst expectations of $44.55 billion.

Broadleaf Partners LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 26,650 shares of the social networking company's stock after selling 2,570 shares during the period. Meta Platforms makes up about 4.0% of Broadleaf Partners LLC's holdings, making the stock its 7th largest holding. Broadleaf Partners LLC's holdings in Meta Platforms were worth $15,360,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in META. GAMMA Investing LLC raised its stake in shares of Meta Platforms by 67,172.9% in the first 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 in the last quarter. Nuveen LLC purchased a new position in Meta Platforms in the first quarter valued at $2,990,544,000. Northern Trust Corp increased its holdings in Meta Platforms by 13.5% in the fourth quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock valued at $13,727,613,000 after buying an additional 2,787,832 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Meta Platforms by 712.2% during the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Meta Platforms during the fourth quarter worth about $1,162,918,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research reports. Wedbush raised their price target on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley boosted their price target on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Piper Sandler upped their price target on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Three 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $822.41.

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms 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 sale, the chief financial officer owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 313,284 shares of company stock valued at $235,008,531. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 0.4%

Shares of META traded up $2.75 during mid-day trading on Thursday, hitting $750.13. 3,421,309 shares of the company's stock were exchanged, compared to its average volume of 15,017,064. The firm has a fifty day moving average of $733.50 and a two-hundred day moving average of $658.54. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 1.56 and a beta of 1.27. 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 posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for 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 revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast 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.