Unisphere Establishment Has $15.56 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Unisphere Establishment increased its stake in Meta Platforms by 36.7% during the first quarter, holding a total of 27,000 shares valued at $15.56 million.
• Meta Platforms reported a quarterly earnings per share (EPS) of $7.14, exceeding estimates by $1.39, and had a revenue of $47.52 billion, reflecting a 21.6% year-over-year increase.
• Several analysts have raised their target prices for Meta, with Raymond James increasing it from $750 to $900, indicating strong confidence in the company's performance.

Unisphere Establishment raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 36.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the social networking company's stock after acquiring an additional 7,250 shares during the period. Unisphere Establishment's holdings in Meta Platforms were worth $15,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Contour Asset Management LLC acquired a new position in Meta Platforms during the 1st quarter valued at about $68,875,000. First Manhattan CO. LLC. increased its stake in shares of Meta Platforms by 16.2% during the first quarter. First Manhattan CO. LLC. now owns 121,343 shares of the social networking company's stock valued at $69,938,000 after acquiring an additional 16,907 shares during the period. GW Henssler & Associates Ltd. raised its holdings in Meta Platforms by 12.0% during the first quarter. GW Henssler & Associates Ltd. now owns 68,540 shares of the social networking company's stock worth $39,504,000 after purchasing an additional 7,325 shares in the last quarter. Capital Investment Counsel LLC raised its holdings in Meta Platforms by 35.1% during the first quarter. Capital Investment Counsel LLC now owns 755 shares of the social networking company's stock worth $435,000 after purchasing an additional 196 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Meta Platforms in the first quarter worth approximately $100,511,000. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. UBS Group boosted their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Raymond James Financial lifted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Finally, DA Davidson increased their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Stock Down 0.5%

Shares of Meta Platforms stock traded down $3.59 during midday trading on Tuesday, hitting $735.11. The company's stock had a trading volume of 9,294,340 shares, compared to its average volume of 9,485,708. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.62, a PEG ratio of 1.53 and a beta of 1.24. The stock has a 50-day simple moving average of $737.00 and a 200-day simple moving average of $658.50.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the company posted $5.16 EPS. The business's quarterly 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, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the company'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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the sale, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 312,767 shares of company stock valued at $234,716,347. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Company 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.