Curi RMB Capital LLC Cuts Stake in Meta Platforms, Inc. $META

Key Points

• Curi RMB Capital LLC reduced its holdings in Meta Platforms by 32.7% during the first quarter, now owning 5,406 shares worth approximately $3.12 million.
• Meta's recent earnings report revealed an EPS of $7.14, exceeding estimates and reflecting a 21.6% year-over-year revenue increase to $47.52 billion.
• Analysts have an average rating of Moderate Buy for Meta shares, with target prices ranging up to $900 from firms like JMP Securities and Raymond James.

Curi RMB Capital LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,406 shares of the social networking company's stock after selling 2,625 shares during the quarter. Curi RMB Capital LLC's holdings in Meta Platforms were worth $3,116,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group lifted its holdings in shares of Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after acquiring an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC lifted its holdings in shares of Meta Platforms by 1.1% in the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after acquiring an additional 1,850 shares during the last quarter. Skye Global Management LP lifted its holdings in shares of Meta Platforms by 130.9% in the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after acquiring an additional 43,200 shares during the last quarter. ARQ Wealth Advisors LLC raised its holdings in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after buying an additional 34 shares during the last quarter. Finally, JMG Financial Group Ltd. purchased a new stake in Meta Platforms during the 1st quarter valued at $284,000. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $726.25, for a total value of $375,471.25. Following the sale, the chief operating officer directly owned 12,094 shares of the company's stock, valued at $8,783,267.50. This represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 312,341 shares of company stock worth $234,443,690. 13.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

META has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Bank of America boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Guggenheim restated a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. JMP Securities boosted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Finally, DA Davidson boosted their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Trading Up 0.5%

Meta Platforms stock traded up $3.80 during mid-day trading on Friday, reaching $752.45. 9,655,823 shares of the company traded hands, compared to its average volume of 9,507,611. The firm's 50 day moving average price is $738.39 and its 200 day moving average price is $658.81. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. 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 52-week low of $479.80 and a 52-week high of $796.25.

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