NewEdge Advisors LLC Acquires 8,125 Shares of Meta Platforms, Inc. $META

Key Points

• NewEdge Advisors LLC increased its position in Meta Platforms by 4.2% during Q1, owning 203,699 shares valued at approximately $117.4 million.
• Several large investors have significantly increased their holdings in Meta, with GAMMA Investing LLC growing its stake by a staggering 67,172.9% during the same quarter.
• Meta Platforms recently reported Q2 earnings of $7.14 per share, significantly exceeding analysts' expectations of $5.75, alongside revenues of $47.52 billion.

NewEdge Advisors LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,699 shares of the social networking company's stock after buying an additional 8,125 shares during the quarter. Meta Platforms accounts for approximately 0.7% of NewEdge Advisors LLC's investment portfolio, making the stock its 21st biggest holding. NewEdge Advisors LLC's holdings in Meta Platforms were worth $117,403,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Newlands Management Operations LLC lifted its position in shares of Meta Platforms by 0.4% during the 1st quarter. Newlands Management Operations LLC now owns 9,920,614 shares of the social networking company's stock worth $5,717,845,000 after buying an additional 36,000 shares in the last quarter. Night Owl Capital Management LLC lifted its position in shares of Meta Platforms by 3.9% during the 1st quarter. Night Owl Capital Management LLC now owns 52,601 shares of the social networking company's stock worth $30,317,000 after buying an additional 1,995 shares in the last quarter. Nippon Life Global Investors Americas Inc. lifted its position in shares of Meta Platforms by 13.1% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 78,900 shares of the social networking company's stock worth $45,475,000 after buying an additional 9,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Meta Platforms by 3.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,125,488 shares of the social networking company's stock worth $648,729,000 after buying an additional 36,897 shares in the last quarter. Finally, Infusive Asset Management Inc. raised its holdings in shares of Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after purchasing an additional 2,285 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $3.80 during trading on Friday, hitting $752.45. The stock had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a current ratio of 1.97, a quick 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. The business's 50-day moving average is $738.39 and its 200 day moving average is $659.06.

Meta Platforms (NASDAQ:META - Get Free Report) last released its 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. The business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

META has been the topic of a number of research reports. Canaccord Genuity Group lifted their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Monness Crespi & Hardt boosted their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley boosted their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Piper Sandler boosted their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. 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 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.