Point72 Italy S.r.l. reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,463 shares of the social networking company's stock after selling 4,337 shares during the period. Meta Platforms makes up approximately 2.0% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 18th biggest position. Point72 Italy S.r.l.'s holdings in Meta Platforms were worth $1,996,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during 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 purchasing an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms in the fourth quarter worth $47,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Zacks Research lowered shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. UBS Group upped their target price on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a 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. Raymond James Financial increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Finally, Scotiabank upped their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note 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 data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $822.41.
Check Out Our Latest Report on META
Meta Platforms Price Performance
META stock opened at $738.70 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm's fifty day moving average is $735.73 and its 200 day moving average is $658.44. The firm has a market cap of $1.86 trillion, a P/E ratio of 26.75, a P/E/G ratio of 1.53 and a beta of 1.27.
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 (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Insiders Place Their Bets
In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $750.47, for a total value of $389,493.93. Following the sale, the insider owned 32,427 shares of the company's stock, valued at $24,335,490.69. This trade represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $755.11, for a total transaction of $390,391.87. Following the completion of the sale, the chief operating officer directly owned 12,611 shares in the company, valued at approximately $9,522,692.21. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 313,803 shares of company stock worth $235,398,025. 13.61% of the stock is currently owned by insiders.
About Meta Platforms
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).
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