Hall Laurie J Trustee Has $501,000 Position in Meta Platforms, Inc. $META

Hall Laurie J Trustee reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 870 shares of the social networking company’s stock after selling 30 shares during the period. Hall Laurie J Trustee’s holdings in Meta Platforms were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. lifted its position 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 worth $46,000 after purchasing an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $47,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

META opened at $737.05 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.53 and a beta of 1.24. The firm’s fifty day moving average price is $737.56 and its two-hundred day moving average price is $659.04. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META) last released its 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 for the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the previous year, the business posted $5.16 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

META has been the subject of several research analyst reports. UBS Group lifted their price objective on shares of Meta Platforms from $812.00 to $897.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Barclays lifted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. TD Cowen lifted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Robert W. Baird lifted their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Roth Capital lifted their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $822.41.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction of $364,708.80. Following the completion of the transaction, the director owned 8,877 shares of the company’s stock, valued at approximately $6,962,408.64. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 312,767 shares of company stock valued at $234,716,347. 13.61% of the stock is currently owned by insiders.

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.