Redwood Investments LLC Invests $395,000 in Meta Platforms, Inc. $META

Key Points

• Redwood Investments LLC acquired 685 shares of Meta Platforms, Inc., valuing the investment at approximately $395,000 in the first quarter, reflecting growing institutional interest in the tech giant.
• Research analysts are optimistic about Meta, with three analysts rating it as a Strong Buy and a consensus price target of $822.41.
• Meta Platforms reported earnings that surpassed analysts' expectations, showing a notable 21.6% increase in revenue year-on-year for the same quarter.

Redwood Investments LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 685 shares of the social networking company's stock, valued at approximately $395,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of 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 valued at $13,517,178,000 after buying an additional 23,417,803 shares during the period. Invesco Ltd. raised its stake in shares of Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $8,977,361,000 after purchasing an additional 1,255,546 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Meta Platforms by 2.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock valued at $7,030,399,000 after purchasing an additional 280,357 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock valued at $5,787,329,000 after purchasing an additional 247,850 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of META traded up $13.40 during midday trading on Tuesday, reaching $765.70. The stock had a trading volume of 10,590,497 shares, compared to its average volume of 9,781,403. The company's 50-day moving average is $738.68 and its 200 day moving average is $659.29. 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 capitalization of $1.92 trillion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued 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. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Friday, August 1st. The shares were 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. In the last quarter, insiders sold 290,046 shares of company stock valued at $218,812,787. Corporate insiders own 13.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on META. Zacks Research downgraded shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Barclays lifted their price objective on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada upped their target price on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Bank of America raised their price target on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price objective on Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

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.