Meta Platforms, Inc. $META is Park West Asset Management LLC's 4th Largest Position

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 trimmed its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,000 shares of the social networking company's stock after selling 24,000 shares during the quarter. Meta Platforms makes up 4.0% of Park West Asset Management LLC's holdings, making the stock its 4th biggest position. Park West Asset Management LLC's holdings in Meta Platforms were worth $49,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parkwood LLC boosted its stake in Meta Platforms by 56.6% in the first quarter. Parkwood LLC now owns 40,686 shares of the social networking company's stock valued at $23,449,000 after acquiring an additional 14,702 shares during the last quarter. Permanens Capital L.P. boosted its stake in Meta Platforms by 2.5% in the first quarter. Permanens Capital L.P. now owns 2,035 shares of the social networking company's stock valued at $1,173,000 after acquiring an additional 49 shares during the last quarter. Pinnacle Family Advisors LLC boosted its stake in Meta Platforms by 8.2% in the first quarter. Pinnacle Family Advisors LLC now owns 398 shares of the social networking company's stock valued at $229,000 after acquiring an additional 30 shares during the last quarter. Plancorp LLC boosted its stake in Meta Platforms by 1.2% in the first quarter. Plancorp LLC now owns 10,373 shares of the social networking company's stock valued at $5,979,000 after acquiring an additional 122 shares during the last quarter. Finally, Plotkin Financial Advisors LLC boosted its stake in Meta Platforms by 140.2% in the first quarter. Plotkin Financial Advisors LLC now owns 1,869 shares of the social networking company's stock valued at $1,077,000 after acquiring an additional 1,091 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on META shares. Canaccord Genuity Group boosted their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Benchmark boosted their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, DA Davidson upped their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Price Performance

META stock traded down $10.34 during midday trading on Wednesday, reaching $755.36. The company had a trading volume of 6,548,299 shares, compared to its average volume of 14,795,018. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a market capitalization of $1.90 trillion, a P/E ratio of 27.35, a P/E/G ratio of 1.55 and a beta of 1.24. The firm has a 50-day moving average price of $739.60 and a 200-day moving average price of $660.03.

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

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $726.25, for a total value of $376,923.75. Following the completion of the sale, the insider owned 31,908 shares of the company's stock, valued at approximately $23,173,185. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction on 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. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 282,244 shares of company stock worth $213,336,095 in the last ninety days. 13.61% of the stock is currently owned by insiders.

Meta Platforms 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.