Meta Platforms, Inc. $META Shares Bought by Dorsey Asset Management LLC

Key Points

• Dorsey Asset Management LLC increased its stake in Meta Platforms by 18.6%, owning 247,057 shares after acquiring an additional 38,810 shares, making Meta 15.1% of its total holdings.
• Several analysts have raised their price targets for Meta Platforms, with Morgan Stanley setting a new target of $850 and Oppenheimer raising theirs to $870, reflecting a strong bullish sentiment on the stock.
• In its latest earnings report, Meta Platforms beat analysts' expectations with $7.14 earnings per share, surpassing the consensus estimate of $5.75, and reported quarterly revenue of $47.52 billion.

Dorsey Asset Management LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,057 shares of the social networking company's stock after acquiring an additional 38,810 shares during the quarter. Meta Platforms comprises approximately 15.1% of Dorsey Asset Management LLC's holdings, making the stock its 2nd biggest holding. Dorsey Asset Management LLC's holdings in Meta Platforms were worth $142,394,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

META has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Oppenheimer increased 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. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Canaccord Genuity Group increased their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Robert W. Baird increased their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Three 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Price Performance

NASDAQ:META opened at $737.05 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. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a fifty day moving average price of $737.56 and a 200 day moving average price of $659.04. The stock has a market cap of $1.85 trillion, a P/E ratio of 26.69, a PEG ratio of 1.53 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the transaction, the director owned 8,877 shares of the company's stock, valued at $6,962,408.64. This 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 at this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the firm'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 value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 312,767 shares of company stock valued at $234,716,347 over the last 90 days. Company insiders own 13.61% of the company's stock.

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.

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