SCS Capital Management LLC Cuts Stake in Meta Platforms, Inc. $META

Key Points

• SCS Capital Management LLC has reduced its stake in Meta Platforms, Inc. by 18.2%, now holding 28,337 shares valued at $16.33 million.
• Hedge fund activities show significant movements, with GAMMA Investing LLC increasing its stake by 67,172.9% to over $13.5 billion, while other firms like Nuveen LLC and Amundi also made substantial investments.
• Analysts maintain an overall positive outlook for Meta, with a range of price targets up to $920, and 39 analysts giving it a "Buy" rating.

SCS Capital Management LLC lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,337 shares of the social networking company's stock after selling 6,320 shares during the period. SCS Capital Management LLC's holdings in Meta Platforms were worth $16,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Meta Platforms by 67,172.9% in the 1st 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 in the last quarter. Nuveen LLC purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $2,990,544,000. Assenagon Asset Management S.A. lifted its stake in 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 valued at $1,462,589,000 after buying an additional 2,225,186 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Meta Platforms in the 4th quarter valued at approximately $1,162,918,000. Finally, Amundi increased its position in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Morgan Stanley lifted their price objective on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. TD Cowen lifted their price objective on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Guggenheim reiterated a "buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated 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. In the last ninety days, insiders have sold 282,761 shares of company stock valued at $213,726,766. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Trading Down 1.8%

Shares of Meta Platforms stock traded down $13.72 during trading hours on Wednesday, reaching $751.98. 12,062,679 shares of the company's stock were exchanged, compared to its average volume of 9,602,366. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a fifty day moving average of $740.37 and a 200-day moving average of $660.67. 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 issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The company 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%.The business's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal 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.