Plotkin Financial Advisors LLC Purchases 1,091 Shares of Meta Platforms, Inc. $META

Key Points

• Plotkin Financial Advisors LLC increased its stake in Meta Platforms by 140.2%, acquiring an additional 1,091 shares, bringing its total holdings to 1,869 shares valued at approximately $1.08 million.
• Meta Platforms reported earnings per share (EPS) of $7.14 for the last quarter, exceeding estimates, with revenue hitting $47.52 billion, a 21.6% increase year-over-year.
• Analysts are bullish on Meta, with several raising their price targets; the average target is now set at $822.41 and the stock holds a consensus rating of "Moderate Buy."

Plotkin Financial Advisors LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 140.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,869 shares of the social networking company's stock after purchasing an additional 1,091 shares during the quarter. Plotkin Financial Advisors LLC's holdings in Meta Platforms were worth $1,077,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group raised its holdings in Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC grew its position in shares of Meta Platforms by 1.1% during the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after buying an additional 1,850 shares during the period. Skye Global Management LP grew its position in shares of Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after buying an additional 43,200 shares during the period. ARQ Wealth Advisors LLC grew its position in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after buying an additional 34 shares during the period. Finally, JMG Financial Group Ltd. acquired a new stake in shares of Meta Platforms during the 1st quarter worth approximately $284,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

NASDAQ META opened at $752.45 on Friday. The company has a fifty day simple moving average of $738.39 and a 200 day simple moving average of $659.37. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.89 trillion, a P/E ratio of 27.24, a PEG ratio of 1.55 and a beta of 1.24.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. 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 research report on Thursday, July 31st. Loop Capital reaffirmed a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. 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, Oppenheimer raised their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research 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's stock. According to MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction on Monday, August 18th. The shares were 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 $64,343,464.11. The trade was a 17.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold 312,341 shares of company stock valued at $234,443,690 in the last three months. 13.61% of the stock is currently owned by insiders.

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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