Logan Capital Management Inc. Trims Position in Meta Platforms, Inc. $META

Key Points

• Logan Capital Management Inc. reduced its holdings in Meta Platforms, Inc. by 1.6% in the first quarter, now owning 84,618 shares which represent about 2.2% of its investment portfolio.
• Meta Platforms reported $7.14 EPS for the last quarter, significantly exceeding the consensus estimate of $5.75, with quarterly revenue reaching $47.52 billion.
• Multiple analysts have raised their price targets for Meta Platforms, with UBS Group setting a new target of $897.00 and DA Davidson adjusting theirs to $825.00, both rating the stock as "buy".

Logan Capital Management Inc. reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,618 shares of the social networking company's stock after selling 1,401 shares during the quarter. Meta Platforms accounts for 2.2% of Logan Capital Management Inc.'s portfolio, making the stock its 7th largest position. Logan Capital Management Inc.'s holdings in Meta Platforms were worth $48,770,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in META. GAMMA Investing LLC boosted its stake in Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after acquiring an additional 23,417,803 shares during the period. Invesco Ltd. lifted its position in Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after buying an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after purchasing an additional 1,255,546 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Meta Platforms by 2.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock valued at $7,030,399,000 after acquiring an additional 280,357 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Meta Platforms by 2.5% in the first quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock worth $5,787,329,000 after acquiring an additional 247,850 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

META has been the subject of several recent analyst reports. Canaccord Genuity Group increased their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Piper Sandler upped their price target on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Oppenheimer boosted their price target on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets upped their target price on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Stock Down 1.8%

Meta Platforms stock traded down $13.72 during mid-day trading on Wednesday, reaching $751.98. The stock had a trading volume of 12,062,679 shares, compared to its average volume of 9,602,366. The firm has a market capitalization of $1.89 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock's 50-day simple moving average is $740.37 and its 200-day simple moving average is $660.67.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast 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 business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 282,761 shares of company stock valued at $213,726,766. Insiders own 13.61% of the company's stock.

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.