Meta Platforms, Inc. $META is DoubleLine ETF Adviser LP's 2nd Largest Position

Key Points

• DoubleLine ETF Adviser LP has reduced its holdings in Meta Platforms, Inc. by 24.6%, making it the firm's second-largest position at 4.6% of its total portfolio.
• Meta had a strong performance in its last quarter, reporting $7.14 earnings per share which exceeded expectations, contributing to a 21.6% year-over-year revenue growth.
• Several institutional investors, including Edmond DE Rothschild Holding S.A., increased their stakes in Meta Platforms during the first quarter, reflecting positive investor sentiment.

DoubleLine ETF Adviser LP reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 24.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,906 shares of the social networking company's stock after selling 7,808 shares during the quarter. Meta Platforms accounts for 4.6% of DoubleLine ETF Adviser LP's portfolio, making the stock its 2nd biggest holding. DoubleLine ETF Adviser LP's holdings in Meta Platforms were worth $13,778,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Edmond DE Rothschild Holding S.A. increased its holdings in Meta Platforms by 13.8% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 35,385 shares of the social networking company's stock worth $20,394,000 after buying an additional 4,292 shares in the last quarter. Estuary Capital Management LP purchased a new stake in shares of Meta Platforms during the 1st quarter valued at about $21,844,000. Cinctive Capital Management LP grew its stake in shares of Meta Platforms by 48.1% in the first quarter. Cinctive Capital Management LP now owns 13,604 shares of the social networking company's stock worth $7,841,000 after acquiring an additional 4,420 shares during the period. Clark Capital Management Group Inc. grew its stake in shares of Meta Platforms by 1.9% in the first quarter. Clark Capital Management Group Inc. now owns 239,979 shares of the social networking company's stock worth $138,315,000 after acquiring an additional 4,587 shares during the period. Finally, Clifford Group LLC raised its holdings in shares of Meta Platforms by 1.2% during the first quarter. Clifford Group LLC now owns 2,371 shares of the social networking company's stock valued at $1,367,000 after purchasing an additional 27 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

Shares of META opened at $737.05 on Thursday. The business has a 50-day simple moving average of $737.56 and a two-hundred day simple moving average of $659.04. 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 52 week low of $479.80 and a 52 week high of $796.25. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.53 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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. 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 the consensus estimate of $44.55 billion. During the same period in the previous year, the company posted $5.16 EPS. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the sale, the chief financial officer owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 312,767 shares of company stock valued at $234,716,347. Company insiders own 13.61% of the company's stock.

Analyst Upgrades and Downgrades

META has been the topic of several research reports. Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Raymond James Financial raised their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and upped their price objective for the company from $610.00 to $900.00 in a research report on Thursday, July 31st. Finally, Roth Capital increased their target price on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Three 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. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.