Untitled Investments LP Trims Stock Position in Meta Platforms, Inc. $META

Key Points

• Untitled Investments LP has significantly reduced its stake in Meta Platforms, Inc. by 54.2%, now holding 16,114 shares valued at approximately $9.29 million.
• Meta Platforms reported strong financial results, with an earnings per share (EPS) of $7.14 for the quarter, surpassing analysts' expectations by $1.39 and achieving revenue of $47.52 billion.
• Institutional investors own 79.91% of Meta's stock, indicating strong confidence in the company despite recent insider selling activities.

Untitled Investments LP lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,114 shares of the social networking company's stock after selling 19,064 shares during the period. Meta Platforms accounts for about 2.6% of Untitled Investments LP's holdings, making the stock its 13th biggest position. Untitled Investments LP's holdings in Meta Platforms were worth $9,287,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the first quarter valued at approximately $33,000. JCIC Asset Management Inc. lifted its position in Meta Platforms by 102.6% during the first 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. bought a new stake in Meta Platforms during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Up 1.8%

Shares of META traded up $13.40 during mid-day trading on Tuesday, reaching $765.70. The company's stock had a trading volume of 10,590,497 shares, compared to its average volume of 14,841,935. The stock has a market cap of $1.92 trillion, a PE ratio of 27.72, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company's fifty day moving average price is $738.68 and its two-hundred day moving average price is $659.29.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the business posted $5.16 EPS. The business's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 18,332 shares of Meta Platforms 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 of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 290,046 shares of company stock valued at $218,812,787 over the last three months. 13.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. Wedbush lifted their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Zacks Research lowered shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. DA Davidson lifted their target price 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research report on Wednesday, August 13th. Finally, Loop Capital reiterated a "buy" rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $822.41.

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.