Meta Platforms, Inc. $META is Amundi's 7th Largest Position

Key Points

• Amundi increased its stake in Meta Platforms by 23.5% during the first quarter, now holding approximately 7,733,061 shares valued at over $4 billion.
• Notable institutional investors, including GAMMA Investing LLC and Goldman Sachs, significantly boosted their positions in Meta Platforms, indicating strong confidence in the stock.
• Analysts have varied ratings for Meta, with price targets ranging from $685 to $900, reflecting a general consensus of a "Moderate Buy" for the stock.

Amundi raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,733,061 shares of the social networking company's stock after purchasing an additional 1,470,070 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Amundi's portfolio, making the stock its 7th largest position. Amundi owned about 0.31% of Meta Platforms worth $4,111,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the first quarter worth $33,000. JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of Meta Platforms in the fourth quarter worth $47,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Monness Crespi & Hardt boosted their target price 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. UBS Group boosted their target price on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their target price for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group boosted their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insider Activity at Meta Platforms

In related news, 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 value of $11,939,605.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 312,341 shares of company stock worth $234,443,690 in the last quarter. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

META traded up $3.80 on Friday, reaching $752.45. The company had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market capitalization of $1.89 trillion, a PE ratio of 27.24, a P/E/G ratio of 1.55 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. The stock has a 50-day moving average price of $738.39 and a 200-day moving average price of $659.37.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating 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 analysts' expectations of $44.55 billion. During the same period in the previous year, the company earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast 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.