Meta Platforms, Inc. $META Position Boosted by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Meta Platforms by 2.1%, owning 2,132,035 shares, which now represent 2.3% of its portfolio.
• Meta reported a quarterly earnings per share (EPS) of $7.14, exceeding analyst expectations of $5.75, alongside revenues of $47.52 billion, up 21.6% year-over-year.
• The stock has received mixed ratings from analysts, with HSBC upgrading it to "strong-buy" and an average target price of $822.41, indicating robust growth prospects.

Adage Capital Partners GP L.L.C. lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,132,035 shares of the social networking company's stock after purchasing an additional 43,800 shares during the quarter. Meta Platforms accounts for 2.3% of Adage Capital Partners GP L.L.C.'s portfolio, making the stock its 6th largest position. Adage Capital Partners GP L.L.C. owned about 0.08% of Meta Platforms worth $1,228,820,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the first quarter valued at $33,000. JCIC Asset Management Inc. grew its stake in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new position in Meta Platforms in the 4th quarter worth about $47,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

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 PEG ratio of 1.53 and a beta of 1.24. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm's fifty day simple moving average is $736.54 and its 200 day simple moving average is $657.96.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly 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 company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on META shares. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, August 13th. Royal Bank Of Canada boosted their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and raised their price target for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Finally, Wedbush upped their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Transactions at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the company's 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 completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $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 three months, insiders have sold 312,767 shares of company stock worth $234,716,347. 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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