Stony Point Capital LLC Acquires 28,367 Shares of Meta Platforms, Inc. $META

Key Points

• Stony Point Capital LLC increased its shares in Meta Platforms by 73.0%, acquiring an additional 28,367 shares during the first quarter, bringing its total holdings to 67,206 shares.
• Several institutional investors have made significant changes to their holdings in Meta, including GAMMA Investing LLC, which raised its stake by an astounding 67,172.9%.
• Meta Platforms has received multiple price target increases from analysts, with consensus ratings reflecting a general outlook of "Moderate Buy" and a price target of $822.41.

Stony Point Capital LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 73.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,206 shares of the social networking company's stock after acquiring an additional 28,367 shares during the quarter. Meta Platforms makes up 4.0% of Stony Point Capital LLC's portfolio, making the stock its 3rd biggest position. Stony Point Capital LLC's holdings in Meta Platforms were worth $38,735,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of META. GAMMA Investing LLC raised 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 valued at $13,517,178,000 after buying an additional 23,417,803 shares in the last quarter. Nuveen LLC acquired a new stake in Meta Platforms during the first quarter valued at approximately $2,990,544,000. Assenagon Asset Management S.A. raised its stake in Meta Platforms by 712.2% during the first 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 acquired a new stake in Meta Platforms during the fourth quarter valued at approximately $1,162,918,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Meta Platforms by 8.8% during 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 purchasing an additional 1,255,546 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, 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 value of $390,391.87. Following the completion of the sale, the chief operating officer directly owned 12,611 shares in the company, valued at $9,522,692.21. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the company'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 sale, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,803 shares of company stock valued at $235,398,025 over the last three months. 13.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

META has been the subject of several recent research reports. The Goldman Sachs Group upped their target price on Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Morgan Stanley upped their target price on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Robert W. Baird upped their target price on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wedbush upped their target price on Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Three equities 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 MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Stock Performance

META opened at $751.11 on Friday. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. 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, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The business has a 50 day moving average price of $734.61 and a two-hundred day moving average price of $658.77.

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 for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict 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.

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