Meta Platforms, Inc. $META Position Decreased by Alight Capital Management LP

Key Points

• Alight Capital Management LP reduced its stake in Meta Platforms by 37.5%, now holding 12,500 shares valued at approximately $7.2 million, making it the 8th largest position in their portfolio.
• Meta reported impressive quarterly earnings, with an EPS of $7.14, exceeding expectations and achieving a revenue of $47.52 billion, indicating a year-over-year growth of 21.6%.
• A variety of analysts have raised their price targets for Meta, with Barclays increasing it to $810 and UBS Group to $897, reflecting strong investor confidence in the company's future performance.

Alight Capital Management LP lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 37.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,500 shares of the social networking company's stock after selling 7,500 shares during the period. Meta Platforms accounts for approximately 3.3% of Alight Capital Management LP's investment portfolio, making the stock its 8th biggest holding. Alight Capital Management LP's holdings in Meta Platforms were worth $7,204,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Csenge Advisory Group increased its stake in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. Suvretta Capital Management LLC increased its stake in Meta Platforms by 1.1% during the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after acquiring an additional 1,850 shares during the period. Skye Global Management LP increased its stake in Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after acquiring an additional 43,200 shares during the period. ARQ Wealth Advisors LLC increased its stake in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after acquiring an additional 34 shares during the period. Finally, JMG Financial Group Ltd. bought a new position in Meta Platforms during the 1st quarter worth $284,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Up 0.5%

Meta Platforms stock traded up $3.80 during midday trading on Friday, reaching $752.45. The stock had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a market capitalization of $1.89 trillion, a P/E ratio of 27.24, a PEG ratio of 1.55 and a beta of 1.24. The company has a fifty day moving average price of $738.39 and a two-hundred day moving average price of $659.37. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stifel Nicolaus raised their price objective on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Oppenheimer raised their price objective on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company raised their price objective on Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley raised their price objective on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Guggenheim reiterated a "buy" rating and issued a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction 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 approximately $1,394,225. The trade was a 86.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $375,471.25. Following the sale, the chief operating officer directly owned 12,094 shares of the company's stock, valued at $8,783,267.50. This represents a 4.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 312,341 shares of company stock worth $234,443,690. Company 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.