Oak Ridge Investments LLC Purchases 18,434 Shares of Meta Platforms, Inc. $META

Key Points

• Oak Ridge Investments LLC increased its stake in Meta Platforms, acquiring 98,815 shares in the 1st quarter, making it the fund's 5th largest position with a value of approximately $57.5 million.
• Analysts have recently raised their price targets for Meta, with Raymond James and Bank of America both setting new target prices of $900.00, reflecting strong confidence in the company's growth prospects.
• Insider activity included CEO Mark Zuckerberg selling nearly 16,000 shares for over $11.9 million, contributing to a total of 269,243 shares sold by insiders worth approximately $200.6 million in the last quarter.

Oak Ridge Investments LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,815 shares of the social networking company's stock after buying an additional 18,434 shares during the period. Meta Platforms makes up 4.8% of Oak Ridge Investments LLC's portfolio, making the stock its 5th biggest position. Oak Ridge Investments LLC's holdings in Meta Platforms were worth $57,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Meta Platforms by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after purchasing an additional 7,587 shares during the last quarter. Highview Capital Management LLC DE boosted its holdings in Meta Platforms by 3.7% in the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after purchasing an additional 218 shares during the last quarter. Finally, Benchstone Capital Management LP purchased a new position in Meta Platforms in the fourth quarter valued at about $23,749,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $402,225.00. Following the sale, the insider directly owned 32,946 shares in the company, valued at $25,533,150. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $784.32, for a total value 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. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock worth $235,276,424 over the last quarter. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Shares of NASDAQ META traded down $16.8360 during mid-day trading on Wednesday, hitting $734.6440. The company had a trading volume of 4,386,337 shares, compared to its average volume of 15,244,859. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.59 and a beta of 1.27. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month 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. The firm's 50 day simple moving average is $726.88 and its two-hundred day simple moving average is $656.42.

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 (EPS) for the quarter, topping 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 revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Analysts Set New Price Targets

A number of research analysts recently commented on META shares. KeyCorp increased their price target on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Canaccord Genuity Group increased their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Roth Capital boosted their price objective on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Citizens Jmp upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Truist Financial increased their target price on Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Company 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.