Meta Platforms, Inc. $META Shares Purchased by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. boosted its holdings in Meta Platforms, Inc. by 35.2%, acquiring an additional 11,879 shares during the first quarter, bringing its total to 45,654 shares valued at $26.3 million.
• Analysts have raised their price targets for Meta Platforms, with notable increases from DA Davidson and Wedbush, highlighting a consensus target of approximately $822.41 and a general maintenance of favorable ratings.
• Insider activity includes significant share sales by directors, totaling over 313,803 shares sold worth approximately $235.4 million in the last three months, indicating a 13.61% insider ownership within the company.

Flputnam Investment Management Co. increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 35.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,654 shares of the social networking company's stock after acquiring an additional 11,879 shares during the quarter. Flputnam Investment Management Co.'s holdings in Meta Platforms were worth $26,313,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Lantern Wealth Advisors LLC boosted its position in 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 acquiring an additional 14 shares during the last quarter. ABLE Financial Group LLC boosted its position in Meta Platforms by 0.7% during the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after acquiring an additional 15 shares during the last quarter. Cedar Point Capital Partners LLC boosted its holdings 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 valued at $433,000 after purchasing an additional 16 shares during the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in shares of Meta Platforms by 1.2% in 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 purchasing an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC boosted its holdings in shares of Meta Platforms by 2.2% in the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analyst Weigh In

META has been the topic of a number of research analyst reports. DA Davidson lifted their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wedbush lifted their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Raymond James Financial lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insider Activity

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Friday, August 15th. The shares were sold at an average price of $784.32, for a total transaction of $364,708.80. Following the sale, the director owned 8,877 shares of the company's stock, valued at $6,962,408.64. The trade was a 4.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $750.47, for a total transaction of $389,493.93. Following the sale, the insider directly owned 32,427 shares in the company, valued at $24,335,490.69. This trade represents a 1.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,803 shares of company stock worth $235,398,025 over the last three months. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

Shares of META stock opened at $738.70 on Friday. The company's fifty day simple moving average is $735.73 and its 200-day simple moving average is $658.44. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.86 trillion, a PE ratio of 26.75, a P/E/G ratio of 1.53 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results 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 net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 EPS. The firm's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

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.

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.