MYDA Advisors LLC Makes New $2.59 Million Investment in Meta Platforms, Inc. $META

Key Points

• MYDA Advisors LLC has invested approximately $2.59 million in Meta Platforms, acquiring 4,500 shares in the first quarter.
• Meta Platforms reported impressive quarterly earnings, with $7.14 EPS, exceeding analysts' estimates of $5.75, and a revenue of $47.52 billion.
• Multiple research firms have increased their price targets for Meta, with JMP Securities raising it from $750 to $900, indicating bullish sentiment towards the stock.

MYDA Advisors LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,500 shares of the social networking company's stock, valued at approximately $2,594,000.

Several other hedge funds have also modified their holdings of META. Inlight Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. lifted its holdings in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $47,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

Shares of META opened at $747.38 on Thursday. The company has a market capitalization of $1.88 trillion, a PE ratio of 27.06, a PEG ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. 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 company's 50 day moving average price is $733.50 and its 200 day moving average price is $658.54.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the firm posted $5.16 earnings per share. The company's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on META. JMP Securities upped their price target on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Rosenblatt Securities increased their target price on shares of Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. DA Davidson raised their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Zacks Research downgraded shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Citigroup reissued an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Three equities 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 stock. According to data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $755.11, for a total transaction of $390,391.87. Following the transaction, the chief operating officer directly owned 12,611 shares in the company, valued at approximately $9,522,692.21. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. This represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 313,284 shares of company stock worth $235,008,531. 13.61% of the stock is currently owned by insiders.

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.

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