Meta Platforms, Inc. $META Stock Position Raised by SageView Advisory Group LLC

Key Points

• SageView Advisory Group LLC increased its position in Meta Platforms by 1.9%, now owning 19,537 shares valued at approximately $11.26 million.
• Meta's latest earnings report showed an EPS of $7.14, exceeding estimates significantly, with revenues of $47.52 billion, up 21.6% from last year.
• The current consensus rating for Meta Platforms is "Moderate Buy," with an average target price of approximately $822.41.

SageView Advisory Group LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,537 shares of the social networking company's stock after purchasing an additional 359 shares during the period. Meta Platforms accounts for about 0.5% of SageView Advisory Group LLC's investment portfolio, making the stock its 26th largest position. SageView Advisory Group LLC's holdings in Meta Platforms were worth $11,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of META. Csenge Advisory Group grew its position in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after buying an additional 1,019 shares in the last quarter. Suvretta Capital Management LLC grew its position in Meta Platforms by 1.1% during the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after buying an additional 1,850 shares in the last quarter. Skye Global Management LP grew its position in Meta Platforms by 130.9% during the fourth quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after buying an additional 43,200 shares in the last quarter. ARQ Wealth Advisors LLC grew its position in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after buying an additional 34 shares in the last quarter. Finally, JMG Financial Group Ltd. acquired a new stake in Meta Platforms during the first quarter worth about $284,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

META stock opened at $765.70 on Wednesday. The company has a 50 day moving average price of $739.60 and a 200 day moving average price of $660.03. The stock has a market capitalization of $1.92 trillion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week 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 issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Activity at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $784.32, for a total transaction of $364,708.80. Following the completion of the sale, the director owned 8,877 shares in the company, valued at approximately $6,962,408.64. The trade was a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 282,244 shares of company stock worth $213,336,095. 13.61% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on META. Loop Capital reissued 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. Royal Bank Of Canada lifted their price objective on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Scotiabank boosted their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned 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.

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.

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