Titleist Asset Management LLC Sells 787 Shares of Meta Platforms, Inc. $META

Key Points

• Titleist Asset Management LLC has reduced its holdings in Meta Platforms, Inc. by 13.4%, owning 5,081 shares worth $2,929,000 after selling 787 shares in the first quarter.
• Meta recently reported earnings of $7.14 EPS for the quarter, exceeding estimates, with total revenue of $47.52 billion.
• Institutional investors own 79.91% of Meta's stock, indicating strong interest and confidence in the company's performance.

Titleist Asset Management LLC decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,081 shares of the social networking company's stock after selling 787 shares during the period. Titleist Asset Management LLC's holdings in Meta Platforms were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its position in Meta Platforms by 8.0% in the first quarter. Baird Financial Group Inc. now owns 1,399,983 shares of the social networking company's stock valued at $806,894,000 after buying an additional 103,635 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Meta Platforms by 5.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 11,061 shares of the social networking company's stock worth $6,375,000 after buying an additional 562 shares during the last quarter. Tumwater Wealth Management LLC raised its stake in Meta Platforms by 13.9% during the first quarter. Tumwater Wealth Management LLC now owns 493 shares of the social networking company's stock worth $284,000 after buying an additional 60 shares during the last quarter. Activest Wealth Management raised its stake in Meta Platforms by 0.6% during the first quarter. Activest Wealth Management now owns 15,028 shares of the social networking company's stock worth $8,662,000 after buying an additional 85 shares during the last quarter. Finally, Aragon Global Management LP bought a new position in Meta Platforms during the first quarter worth $9,559,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling

In related news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. 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 owned by insiders.

Wall Street Analyst Weigh In

META has been the subject of a number of analyst reports. KeyCorp lifted their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley raised their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. JMP Securities raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Canaccord Genuity Group raised their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, DA Davidson raised their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Stock Down 0.5%

Shares of NASDAQ META traded down $3.65 during mid-day trading on Tuesday, reaching $735.05. 7,624,456 shares of the company's stock traded hands, compared to its average volume of 14,957,761. The stock has a market cap of $1.85 trillion, a P/E ratio of 26.61, a PEG ratio of 1.53 and a beta of 1.24. The business has a 50-day simple moving average of $736.54 and a 200 day simple moving average of $657.96. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. 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 (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 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 analysts' expectations of $44.55 billion. During the same period in the previous year, the company earned $5.16 earnings per share. The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

About Meta Platforms

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.