Meta Platforms, Inc. $META Stock Holdings Lessened by Steamboat Capital Partners LLC

Key Points

• Steamboat Capital Partners LLC has decreased its stake in Meta Platforms, Inc. by 31.5%, now holding 23,000 shares valued at approximately $13.26 million.
• Meta reported earnings of $7.14 per share for the last quarter, exceeding estimates, with revenue reaching $47.52 billion, marking a 21.6% increase year-over-year.
• Wall Street analysts have raised their price targets for Meta, with Morgan Stanley increasing its target from $750 to $850 and Loop Capital setting a new objective of $980.

Steamboat Capital Partners LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 31.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the social networking company's stock after selling 10,600 shares during the quarter. Meta Platforms accounts for 4.0% of Steamboat Capital Partners LLC's portfolio, making the stock its 8th biggest holding. Steamboat Capital Partners LLC's holdings in Meta Platforms were worth $13,256,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Meta Platforms by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock worth $129,666,000 after acquiring an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE raised its position in shares of Meta Platforms by 3.7% in the 4th quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after acquiring an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP bought a new position in shares of Meta Platforms in the 4th quarter worth $23,749,000. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on META shares. Royal Bank Of Canada boosted their price target on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. UBS Group upped their target price on Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, DA Davidson increased 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 research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $750.47, for a total value of $389,493.93. Following the completion of the sale, the insider owned 32,427 shares of the company's stock, valued at approximately $24,335,490.69. This trade represents a 1.58% 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, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the sale, the chief financial officer directly 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,767 shares of company stock valued at $234,716,347. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of NASDAQ META traded down $3.59 during midday trading on Tuesday, hitting $735.11. The stock had a trading volume of 9,294,340 shares, compared to its average volume of 9,485,708. The company has a market capitalization of $1.85 trillion, a PE ratio of 26.62, a P/E/G ratio of 1.53 and a beta of 1.24. The stock 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 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 released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side 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.