Strait & Sound Wealth Management LLC Grows Stake in Meta Platforms, Inc. $META

Key Points

• Strait & Sound Wealth Management LLC increased its stake in Meta Platforms by 28.6%, now owning 5,795 shares valued at approximately $3.34 million.
• Multiple institutional investors are entering positions in Meta, with a 79.91% ownership by hedge funds and institutional investors, indicating strong investor confidence.
• Analysts have raised their price targets for Meta, with the average target at $822.41, while the stock received ratings of "Strong Buy" from three analysts and "Buy" from 39 others.

Strait & Sound Wealth Management LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 28.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,795 shares of the social networking company's stock after acquiring an additional 1,289 shares during the quarter. Meta Platforms comprises about 1.6% of Strait & Sound Wealth Management LLC's portfolio, making the stock its 15th biggest position. Strait & Sound Wealth Management LLC's holdings in Meta Platforms were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms in the 1st quarter valued at $33,000. JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. purchased a new position in shares of Meta Platforms in the 4th quarter valued at $47,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

META has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. BMO Capital Markets raised their price objective on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised 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. Guggenheim reissued a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research 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 company's stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Stock Performance

Shares of META opened at $752.45 on Monday. The stock has a 50-day moving average of $738.39 and a two-hundred day moving average of $658.81. Meta Platforms, Inc. has a one year low of $479.80 and a one year 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 market cap of $1.89 trillion, a P/E ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 EPS. The firm's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 304,358 shares of company stock worth $228,847,292 in the last quarter. 13.61% of the stock is owned by 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.

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