Park West Asset Management LLC Sells 24,000 Shares of Meta Platforms, Inc. $META

Key Points

• Park West Asset Management LLC reduced its position in Meta Platforms by 21.8%, now holding 86,000 shares, which represent about 4.0% of its investment portfolio.
• CEO Mark Zuckerberg and insider Christopher K. Cox have sold significant amounts of stock recently, with Zuckerberg selling 15,847 shares for approximately $11.94 million.
• Meta Platforms reported a Q2 EPS of $7.14, exceeding estimates and reflecting a 21.6% increase in revenue year-over-year, indicating strong financial performance.

Park West Asset Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,000 shares of the social networking company's stock after selling 24,000 shares during the period. Meta Platforms comprises approximately 4.0% of Park West Asset Management LLC's portfolio, making the stock its 4th largest position. Park West Asset Management LLC's holdings in Meta Platforms were worth $49,567,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the first quarter worth $33,000. JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms during the 4th quarter worth $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 465 shares of the company'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 completion of the sale, the director directly owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction dated Monday, August 18th. The shares were 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 of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 312,341 shares of company stock valued at $234,443,690. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Performance

META traded up $3.80 on Friday, reaching $752.45. The company had a trading volume of 9,655,823 shares, compared to its average volume of 9,507,611. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market capitalization of $1.89 trillion, a PE ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $738.39 and a 200-day moving average price of $658.81.

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 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 firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the company earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JMP Securities lifted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. TD Cowen lifted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Three investment 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.