Meta Platforms, Inc. $META Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Meta Platforms by 45%, owning now 83,061 shares valued at approximately $47.87 million.
• Meta Platforms reported earnings of $7.14 per share, significantly beating analyst expectations of $5.75, with revenues reaching $47.52 billion.
• Recent target price adjustments from analysts have generally been positive, with Oppenheimer raising its target from $775 to $870, while Barclays raised it to $810.

Trexquant Investment LP boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 45.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 83,061 shares of the social networking company's stock after purchasing an additional 25,780 shares during the period. Meta Platforms makes up approximately 0.6% of Trexquant Investment LP's portfolio, making the stock its 12th biggest holding. Trexquant Investment LP's holdings in Meta Platforms were worth $47,873,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the 1st quarter worth about $33,000. JCIC Asset Management Inc. grew its position in Meta Platforms by 102.6% during 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 period. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms during the 4th quarter worth about $47,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 0.9%

Shares of Meta Platforms stock opened at $747.38 on Thursday. The firm has a market capitalization of $1.88 trillion, a PE ratio of 27.06, a P/E/G ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The firm's 50-day moving average price is $733.50 and its 200 day moving average price is $658.54. 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 quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 313,284 shares of company stock valued at $235,008,531 in the last ninety days. 13.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. TD Securities lowered their target price on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barclays increased their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Sanford C. Bernstein increased their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada increased their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.