Cape Investment Advisory Inc. Sells 30 Shares of Meta Platforms, Inc. $META

Cape Investment Advisory Inc. decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,112 shares of the social networking company’s stock after selling 30 shares during the period. Meta Platforms makes up about 1.2% of Cape Investment Advisory Inc.’s portfolio, making the stock its 17th biggest position. Cape Investment Advisory Inc.’s holdings in Meta Platforms were worth $2,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of META. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the 1st quarter valued at $33,000. JCIC Asset Management Inc. boosted its holdings in shares of Meta Platforms by 102.6% during 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 in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $47,000. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction dated 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. In the last ninety days, insiders sold 312,341 shares of company stock valued at $234,443,690. Corporate insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Scotiabank raised their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Roth Capital raised their price objective on Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Piper Sandler raised their price objective on Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group lifted their target price on Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Citizens Jmp lifted their target price on Meta Platforms from $750.00 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 assigned a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $822.41.

Meta Platforms Stock Performance

META stock opened at $752.45 on Friday. The stock has a 50-day moving average price of $738.39 and a 200-day moving average price of $659.06. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.89 trillion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate 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% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current 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.