Meta Platforms, Inc. $META is Oak Associates Ltd. OH's 4th Largest Position

Key Points

• Oak Associates Ltd. OH has reduced its stake in Meta Platforms by 23.2%, now holding 104,017 shares, accounting for 4.5% of its portfolio, worth approximately $59.95 million.
• Meta reported a quarterly EPS of $7.14, significantly beating analyst expectations, with revenue hitting $47.52 billion, a 21.6% increase year-over-year.
• Institutional ownership of Meta Platforms has risen significantly, with 79.91% of the stock now held by institutional investors, reflecting confidence in the company's market performance.

Oak Associates Ltd. OH trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,017 shares of the social networking company's stock after selling 31,436 shares during the quarter. Meta Platforms accounts for approximately 4.5% of Oak Associates Ltd. OH's portfolio, making the stock its 4th largest holding. Oak Associates Ltd. OH's holdings in Meta Platforms were worth $59,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC grew its holdings in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock worth $129,666,000 after acquiring an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in Meta Platforms by 3.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after acquiring an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP acquired a new position in shares of Meta Platforms in the 4th quarter valued at about $23,749,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Down 0.9%

META stock opened at $747.38 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a fifty day moving average price of $733.50 and a two-hundred day moving average price of $658.54. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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. The business had revenue of $47.52 billion during 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%.Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wedbush boosted their target price on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. The Goldman Sachs Group boosted their target price on shares of Meta Platforms from $685.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. TD Cowen boosted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. DA Davidson boosted their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $822.41.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The shares were 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 directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 313,284 shares of company stock valued at $235,008,531. 13.61% of the stock is currently owned by company insiders.

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.

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.