Meta Platforms, Inc. $META is Paragon Private Wealth Management LLC's 9th Largest Position

Key Points

• Paragon Private Wealth Management LLC increased its stake in Meta Platforms by 17.2%, becoming the 9th largest position in their portfolio, with holdings valued at approximately $4.12 million.
• Meta Platforms reported earnings per share (EPS) of $7.14, surpassing analyst estimates, and its revenue reached $47.52 billion for the quarter, reflecting a 21.6% year-over-year increase.
• Multiple brokerages have raised their price targets on Meta, with Loop Capital setting a new goal of $980.00, and overall, the stock has a consensus rating of "Moderate Buy" among analysts.

Paragon Private Wealth Management LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,146 shares of the social networking company's stock after acquiring an additional 1,050 shares during the quarter. Meta Platforms accounts for about 1.9% of Paragon Private Wealth Management LLC's holdings, making the stock its 9th biggest position. Paragon Private Wealth Management LLC's holdings in Meta Platforms were worth $4,119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of META. Brighton Jones LLC lifted its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of 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 purchasing an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Meta Platforms by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying 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 valued at $3,624,000 after buying an additional 218 shares during the last quarter. Finally, Triumph Capital Management increased its position in Meta Platforms by 6.0% during the fourth quarter. Triumph Capital Management now owns 1,846 shares of the social networking company's stock worth $1,081,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on META. Loop Capital restated a "buy" rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Morgan Stanley upped their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Monness Crespi & Hardt lifted their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Sanford C. Bernstein boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $738.70 on Tuesday. The firm has a market capitalization of $1.86 trillion, a PE ratio of 26.75, a P/E/G ratio of 1.53 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 business has a 50-day moving average of $736.54 and a two-hundred day moving average of $657.96.

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, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's 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. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Insider Activity

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the transaction, the director directly owned 8,877 shares of the company's stock, valued at $6,962,408.64. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer owned 84,141 shares in the company, valued at approximately $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. Insiders sold 312,767 shares of company stock worth $234,716,347 in the last quarter. Insiders own 13.61% of the company's stock.

Meta Platforms Company 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.

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