Mission Creek Capital Partners Inc. Sells 2,699 Shares of Meta Platforms, Inc. $META

Key Points

• Mission Creek Capital Partners Inc. has reduced its stake in Meta Platforms, Inc. by 20.3%, now holding 10,607 shares valued at approximately $6.1 million.
• Several large investors have recently adjusted their positions in Meta, with institutional ownership now at 79.91% of the company's stock.
• Analysts have raised their price targets for Meta Platforms, with a consensus rating of "Moderate Buy" and an average price target of $822.41.

Mission Creek Capital Partners Inc. decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,607 shares of the social networking company's stock after selling 2,699 shares during the period. Meta Platforms accounts for about 1.3% of Mission Creek Capital Partners Inc.'s holdings, making the stock its 19th largest position. Mission Creek Capital Partners Inc.'s holdings in Meta Platforms were worth $6,113,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in META. Valley Financial Group Inc. boosted its holdings in shares of Meta Platforms by 2.4% during the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after buying an additional 14 shares during the period. Lantern Wealth Advisors LLC grew its position in shares of Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after purchasing an additional 14 shares during the last quarter. ABLE Financial Group LLC increased its stake in shares of Meta Platforms by 0.7% in 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 lifted its position in shares of 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 worth $433,000 after purchasing an additional 16 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted 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 purchasing an additional 17 shares during the period. Institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research reports. Pivotal Research boosted their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Barclays upped their price target on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada upped their target price on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. UBS Group boosted their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wedbush raised their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Activity at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the transaction, the director owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 313,284 shares of company stock valued at $235,008,531. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

NASDAQ:META opened at $747.38 on Thursday. The firm has a market cap of $1.88 trillion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27. The company's 50-day moving average price is $733.50 and its two-hundred day moving average price is $658.54. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate 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.

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