Meta Platforms, Inc. $META Holdings Raised by Quarry LP

Key Points

• Quarry LP increased its stake in Meta Platforms, Inc. by 187.9% in Q1, owning 1,592 shares valued at approximately $918,000 after purchasing an additional 1,039 shares.
• GAMMA Investing LLC remarkably boosted its holdings in Meta by 67,172.9%, now owning over 23 million shares worth approximately $13.5 billion.
• Recent analysts' reports have generally upgraded Meta's stock ratings with price objectives reaching as high as $900, while Zacks downgraded it to a "hold" rating.

Quarry LP raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 187.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,592 shares of the social networking company's stock after purchasing an additional 1,039 shares during the period. Quarry LP's holdings in Meta Platforms were worth $918,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in META. GAMMA Investing LLC lifted its holdings in Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after acquiring an additional 23,417,803 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Meta Platforms during the 1st quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. lifted its holdings in shares of Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Meta Platforms during the 4th quarter valued at approximately $1,162,918,000. Finally, Goldman Sachs Group Inc. grew its stake in Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after buying an additional 1,255,546 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 of the company's stock, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,767 shares of company stock valued at $234,716,347 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wedbush increased their target price on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial increased their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Citigroup reiterated an "outperform" rating on shares of Meta Platforms 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 company a "buy" rating in a research report on Thursday, July 31st. Three 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Price Performance

META stock traded down $3.59 during trading hours on Tuesday, hitting $735.11. 9,294,340 shares of the stock traded hands, compared to its average volume of 9,485,708. The stock has a 50-day simple moving average of $736.54 and a 200 day simple moving average of $657.96. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.85 trillion, a P/E ratio of 26.75, a P/E/G ratio of 1.53 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 (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the business posted $5.16 earnings per share. The company's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

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.