Panagora Asset Management Inc. Trims Stake in Meta Platforms, Inc. $META

Key Points

• Panagora Asset Management Inc. has reduced its stake in Meta Platforms by 2.2% in the first quarter, selling 24,425 shares and retaining approximately 1.08 million shares valued at $626 million.
• Investor interest is mixed, with firms like Csenge Advisory Group increasing their position by 12%, while 79.91% of Meta's stock is owned by institutional investors and hedge funds.
• Meta's quarterly earnings surpassed estimates, reporting $7.14 earnings per share against expected $5.75, and generating revenue of $47.52 billion, marking a 21.6% year-over-year increase.

Panagora Asset Management Inc. reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,086,428 shares of the social networking company's stock after selling 24,425 shares during the period. Meta Platforms makes up approximately 3.1% of Panagora Asset Management Inc.'s investment portfolio, making the stock its 5th biggest holding. Panagora Asset Management Inc.'s holdings in Meta Platforms were worth $626,174,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. increased its position in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction 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 sale, the chief financial officer owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the transaction, the director owned 8,877 shares in the company, valued at $6,962,408.64. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 312,767 shares of company stock worth $234,716,347. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $3.33 during trading on Tuesday, reaching $735.38. The stock had a trading volume of 7,151,968 shares, compared to its average volume of 14,956,861. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a fifty day simple moving average of $736.54 and a two-hundred day simple moving average of $657.96. The firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.53 and a beta of 1.24. The company has a quick ratio of 1.97, a current 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 (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 business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the company earned $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, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on META. BMO Capital Markets raised their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Benchmark boosted their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Sanford C. Bernstein boosted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a 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 stock a "buy" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average price target 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.