MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 36,897 Shares of Meta Platforms, Inc. $META

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Meta Platforms by 3.4%, acquiring an additional 36,897 shares, bringing their total ownership to 1,125,488 shares.
• Meta Platforms reported a quarterly EPS of $7.14, exceeding analysts' expectations of $5.75, and its revenue for the quarter reached $47.52 billion, up 21.6% year-over-year.
• Multiple analysts have raised their price targets for Meta's stock, with some estimates reaching as high as $920, reflecting overall positive sentiment towards the company’s performance.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,125,488 shares of the social networking company's stock after acquiring an additional 36,897 shares during the period. Meta Platforms makes up 1.5% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 6th biggest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Meta Platforms were worth $648,729,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Lantern Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 0.5% in the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after acquiring an additional 14 shares during the period. ABLE Financial Group LLC increased its stake in Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after buying an additional 15 shares during the period. Cedar Point Capital Partners LLC increased its stake in Meta Platforms by 2.2% during the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after buying an additional 16 shares during the period. Mosaic Family Wealth Partners LLC increased its stake in Meta Platforms by 1.2% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after buying an additional 17 shares during the period. Finally, Orin Green Financial LLC increased its stake in Meta Platforms by 2.2% during the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In other news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred 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 of the company's stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was 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 owned 237,205 shares in the company, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 312,341 shares of company stock valued at $234,443,690 over the last 90 days. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

META stock opened at $748.65 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $1.88 trillion, a P/E ratio of 27.11, a P/E/G ratio of 1.52 and a beta of 1.24. The firm has a 50 day simple moving average of $738.01 and a 200 day simple moving average of $659.12. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The business 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 firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on META shares. Scotiabank raised their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Raymond James Financial raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Wedbush raised their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.