Sassicaia Capital Advisers LLC Takes $1.15 Million Position in Meta Platforms, Inc. $META

Key Points

• Sassicaia Capital Advisers LLC has invested approximately $1.15 million in Meta Platforms, acquiring nearly 2,000 shares, which now constitutes 4.1% of its overall portfolio.
• Insider trading has been notable, with CFO Susan Li selling over 18,000 shares and CEO Mark Zuckerberg selling nearly 16,000 shares, indicating a total of 313,803 shares sold by insiders in recent months.
• Meta Platforms' stock has seen changes in analyst ratings, with Hsbc Global Res upgrading it to a "strong-buy" and multiple brokerages increasing their price targets, with an average consensus target of $822.41.

Sassicaia Capital Advisers LLC acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,992 shares of the social networking company's stock, valued at approximately $1,148,000. Meta Platforms makes up approximately 4.1% of Sassicaia Capital Advisers LLC's portfolio, making the stock its 5th largest holding.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Meta Platforms by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying an additional 7,587 shares during the last quarter. Highview Capital Management LLC DE increased its position in shares of Meta Platforms by 3.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after purchasing an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $23,749,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on META shares. Bank of America increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Guggenheim reissued a "buy" rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Royal Bank Of Canada raised their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Citizens Jmp boosted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial raised their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Trading Down 0.5%

NASDAQ:META traded down $3.65 on Tuesday, reaching $735.05. The stock had a trading volume of 7,624,456 shares, compared to its average volume of 14,957,761. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.53 and a beta of 1.24. The firm's fifty day moving average is $736.54 and its two-hundred day moving average is $657.96. 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 (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the sale, the director directly owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This trade represents a 4.98% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 12,611 shares of the company's stock, valued at $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 312,767 shares of company stock valued at $234,716,347. 13.61% of the stock is currently owned by company 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.