Gotham Asset Management LLC Increases Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Gotham Asset Management LLC increased its holdings in Meta Platforms by 11.2%, owning a total of 99,557 shares valued at approximately $57.4 million, making it the 13th largest holding in their portfolio.
• Meta's most recent quarterly earnings report revealed $7.14 EPS, significantly surpassing estimates, alongside a 21.6% year-over-year revenue increase to $47.52 billion.
• Several analysts have upgraded Meta's stock ratings, with price targets rising to as high as $900, indicating a growing positive sentiment towards the company.

Gotham Asset Management LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,557 shares of the social networking company's stock after purchasing an additional 10,011 shares during the quarter. Meta Platforms makes up approximately 0.5% of Gotham Asset Management LLC's investment portfolio, making the stock its 13th largest position. Gotham Asset Management LLC's holdings in Meta Platforms were worth $57,381,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Lantern Wealth Advisors LLC increased its position in shares of Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares in the last quarter. ABLE Financial Group LLC grew its holdings in Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after buying an additional 15 shares in the last quarter. Cedar Point Capital Partners LLC increased its stake in shares of Meta Platforms by 2.2% in the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after acquiring an additional 16 shares during the last quarter. Mosaic Family Wealth Partners LLC boosted its position in shares of Meta Platforms by 1.2% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after acquiring an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC boosted its position in shares of Meta Platforms by 2.2% during the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after acquiring an additional 17 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Cowen boosted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Monness Crespi & Hardt increased their price target on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Bank of America increased their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Stock Up 0.5%

META stock traded up $3.80 during mid-day trading on Friday, reaching $752.45. The company had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The firm has a fifty day simple moving average of $738.39 and a 200 day simple moving average of $659.06. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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 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%.Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total transaction of $375,471.25. Following the sale, the chief operating officer owned 12,094 shares of the company's stock, valued at approximately $8,783,267.50. This trade represents a 4.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the director directly owned 8,877 shares in the company, valued at $6,962,408.64. This trade represents a 4.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 312,341 shares of company stock worth $234,443,690. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms 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.