Fred Alger Management LLC Has $1.07 Billion Stake in Meta Platforms, Inc. $META

Key Points

• Fred Alger Management LLC has decreased its holdings in Meta Platforms by 0.3%, now owning approximately 1,859,094 shares, making it the 4th largest holding in their portfolio.
• In recent insider transactions, CFO Susan J. Li sold 18,332 shares for over $14 million, reflecting a 17.89% decrease in her stake.
• Equities analysts have raised their price targets for Meta Platforms, with estimates now ranging between $710 and $900, indicating strong optimism about the company's performance.

Fred Alger Management LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,859,094 shares of the social networking company's stock after selling 5,790 shares during the quarter. Meta Platforms accounts for approximately 6.1% of Fred Alger Management LLC's holdings, making the stock its 4th largest position. Fred Alger Management LLC owned 0.07% of Meta Platforms worth $1,071,507,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Lantern Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares during the period. ABLE Financial Group LLC increased its holdings in shares of Meta Platforms by 0.7% during the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after purchasing an additional 15 shares during the period. Cedar Point Capital Partners LLC increased its holdings in shares of Meta Platforms by 2.2% during the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after purchasing an additional 16 shares during the period. Mosaic Family Wealth Partners LLC increased its holdings in shares of Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock worth $840,000 after purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC increased its holdings in shares of Meta Platforms by 2.2% during the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the business'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 owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on 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 completion of the sale, the insider directly owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This trade represents 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 282,244 shares of company stock worth $213,336,095 over the last quarter. Company insiders own 13.61% of the company's stock.

Meta Platforms Trading Down 1.8%

Shares of NASDAQ:META traded down $13.72 during mid-day trading on Wednesday, reaching $751.98. 11,675,870 shares of the company's stock were exchanged, compared to its average volume of 14,808,190. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.55 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 twelve month low of $479.80 and a twelve month high of $796.25. The business's fifty day moving average price is $739.60 and its 200-day moving average price is $660.03.

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 (EPS) 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 analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Benchmark lifted their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. TD Cowen lifted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Loop Capital reissued a "buy" rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Finally, Morgan Stanley raised their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Three investment 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. Based on data from MarketBeat.com, the company currently 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.