Meta Platforms, Inc. $META Shares Bought by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki Wealth & Investment Management increased its holdings in Meta Platforms by 52.8%, owning 17,592 shares valued at approximately $10.14 million at the end of the first quarter.
• Insider sales by company executives included Robert M. Kimmitt, who sold 465 shares, and Susan J. Li, who sold 18,332 shares, reflecting significant adjustments in their ownership stakes.
• Meta Platforms' stock price has fluctuated, with a current market cap of $1.88 trillion, and analysts continue to give it a general rating of "Moderate Buy" with a consensus target price of around $822.41.

Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 52.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,592 shares of the social networking company's stock after buying an additional 6,078 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in Meta Platforms were worth $10,140,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Meta Platforms during the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms during the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter valued at about $33,000. JCIC Asset Management Inc. boosted its stake in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new position in Meta Platforms during the fourth quarter valued at about $47,000. Institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other 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 transaction of $364,708.80. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. This trade represents 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 sold 313,284 shares of company stock worth $235,008,531. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Down 0.9%

Shares of Meta Platforms stock opened at $747.38 on Thursday. The stock has a 50-day moving average price of $733.50 and a 200 day moving average price of $658.54. The company has a market cap of $1.88 trillion, a P/E ratio of 27.06, a P/E/G ratio of 1.56 and a beta of 1.27. 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, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the business earned $5.16 EPS. The business's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on META. TD Cowen raised their target price on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. KeyCorp upped their target price on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Moffett Nathanson upped their target price on Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Rosenblatt Securities upped their target price on Meta Platforms from $846.00 to $918.00 and gave the company a "buy" rating in a report on Thursday, May 1st. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

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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