State of Wyoming Trims Stake in Meta Platforms, Inc. $META

Key Points

• The State of Wyoming reduced its stake in Meta Platforms, Inc. by 8.4% during Q1, owning 10,424 shares worth approximately $6 million.
• Meta Platforms reported an impressive quarterly earnings result, with an earnings per share (EPS) of $7.14, surpassing analysts' expectations of $5.75.
• Several analysts have increased their target prices for Meta, with ratings ranging from "Market Perform" to "Overweight", reflecting a positive outlook on the stock.

State of Wyoming cut its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,424 shares of the social networking company's stock after selling 951 shares during the quarter. Meta Platforms makes up about 0.8% of State of Wyoming's investment portfolio, making the stock its 10th largest position. State of Wyoming's holdings in Meta Platforms were worth $6,008,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Lantern Wealth Advisors LLC boosted its holdings in Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after acquiring an additional 14 shares during the period. ABLE Financial Group LLC boosted its holdings in Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after acquiring an additional 15 shares during the period. Cedar Point Capital Partners LLC boosted its holdings in Meta Platforms by 2.2% during the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after acquiring an additional 16 shares during the period. Mosaic Family Wealth Partners LLC boosted its holdings in Meta Platforms by 1.2% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after acquiring an additional 17 shares during the period. Finally, Orin Green Financial LLC boosted its holdings in Meta Platforms by 2.2% during the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after acquiring an additional 17 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on META. Wells Fargo & Company increased their target price on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their target price on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. BMO Capital Markets increased their target price on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Stifel Nicolaus increased their target price on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Sanford C. Bernstein increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" 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 given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Trading Up 0.5%

NASDAQ META opened at $751.11 on Friday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a 50 day simple moving average of $734.61 and a two-hundred day simple moving average of $658.77. The stock has a market cap of $1.89 trillion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates 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%.The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Insider Activity

In other news, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred 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 sold a total of 313,803 shares of company stock worth $235,398,025 in the last quarter. 13.61% of the stock is owned by company insiders.

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.

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