Meta Platforms, Inc. $META Shares Sold by Scge Management L.P.

Key Points

• Scge Management L.P. has reduced its stake in Meta Platforms, Inc. by 20.3%, selling 246,000 shares and maintaining 968,000 shares, which account for 16.1% of its holdings.
• In the first quarter, other institutional investors significantly increased their positions in Meta, with GAMMA Investing LLC growing its holdings by an astonishing 67,172.9%.
• Insider trading shows CFO Susan J. Li sold 18,332 shares and Christopher K. Cox sold 60,000 shares, reducing their ownership in the company while insiders have sold a total of 312,341 shares in the past 90 days.

Scge Management L.P. cut its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 968,000 shares of the social networking company's stock after selling 246,000 shares during the quarter. Meta Platforms accounts for about 16.1% of Scge Management L.P.'s investment portfolio, making the stock its largest holding. Scge Management L.P.'s holdings in Meta Platforms were worth $557,916,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Meta Platforms by 67,172.9% during 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 purchasing an additional 23,417,803 shares during the last quarter. Invesco Ltd. lifted its stake in Meta Platforms by 2.3% in the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after buying an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Meta Platforms by 8.8% in the first 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 buying an additional 1,255,546 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Meta Platforms by 2.4% in the fourth 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 buying an additional 280,357 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Meta Platforms by 2.5% in the first 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 buying an additional 247,850 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

NASDAQ:META traded up $3.80 during mid-day trading on Friday, reaching $752.45. 9,655,823 shares of the stock were exchanged, compared to its average volume of 9,507,611. The business has a fifty day moving average price of $738.39 and a 200 day moving average price of $658.81. The firm has a market capitalization of $1.89 trillion, a PE ratio of 27.24, a PEG ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year 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.

Meta Platforms (NASDAQ:META - Get Free Report) last released its 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 firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction 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 in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold a total of 312,341 shares of company stock valued at $234,443,690 over the last three months. Company insiders own 13.61% of the company's stock.

Analyst Ratings Changes

META has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Roth Capital raised their target price on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Bank of America raised their target price on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $822.41.

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.