Meta Platforms, Inc. $META Shares Sold by Broyhill Asset Management LLC

Broyhill Asset Management LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.7% during the 1st quarter, Holdings Channel reports. The firm owned 1,073 shares of the social networking company’s stock after selling 90 shares during the quarter. Broyhill Asset Management LLC’s holdings in Meta Platforms were worth $618,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Csenge Advisory Group lifted its position in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after buying an additional 1,019 shares in the last quarter. Suvretta Capital Management LLC grew its stake in Meta Platforms by 1.1% in the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company’s stock worth $99,735,000 after purchasing an additional 1,850 shares in the last quarter. Skye Global Management LP lifted its stake in Meta Platforms by 130.9% during the fourth quarter. Skye Global Management LP now owns 76,200 shares of the social networking company’s stock worth $44,616,000 after purchasing an additional 43,200 shares during the last quarter. ARQ Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after buying an additional 34 shares during the period. Finally, JMG Financial Group Ltd. acquired a new position in Meta Platforms in the first quarter valued at approximately $284,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Loop Capital reiterated a “buy” rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. KeyCorp boosted their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” 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. Roth Capital boosted their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, DA Davidson increased their price objective on Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $822.41.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $755.11, for a total transaction of $390,391.87. Following the completion of the sale, the chief operating officer directly owned 12,611 shares of the company’s stock, valued at approximately $9,522,692.21. The trade was a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $402,225.00. Following the completion of the transaction, the insider directly owned 32,946 shares in the company, valued at approximately $25,533,150. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,284 shares of company stock valued at $235,008,531 over the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

NASDAQ META opened at $747.38 on Thursday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month 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 company’s 50-day simple moving average is $733.50 and its 200 day simple moving average is $658.54. The stock has a market cap of $1.88 trillion, a P/E ratio of 27.06, a PEG ratio of 1.56 and a beta of 1.27.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the firm posted $5.16 EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

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.