Beck Mack & Oliver LLC Makes New Investment in Meta Platforms, Inc. $META
Beck Mack & Oliver LLC has acquired a new stake in Meta Platforms, Inc. (NASDAQ:META), purchasing 2,103 shares valued at approximately $1.2 million in Q1. Other institutional investors have also increased their positions in META. Analysts have issued positive ratings, with price targets ranging from $800 to $900. Insider trading activity includes significant sales by executives. Currently, Meta's stock is trading at $738.70, with a market cap of $1.86 trillion and a P/E ratio of 26.75.
Beck Mack & Oliver LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,103 shares of the social networking company's stock, valued at approximately $1,212,000.
- MarketBeat Week in Review – 08/25 - 08/29
Several other hedge funds and other institutional investors have also made changes to their positions in META. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the first quarter valued at about $33,000. JCIC Asset Management Inc. grew its position in Meta Platforms by 102.6% in the first 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 fourth quarter valued at about $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.
Get Meta Platforms alerts:
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on META shares. Guggenheim reaffirmed a "buy" rating and issued a $800.00 price target (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Bank of America lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Canaccord Genuity Group boosted their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $822.41.
- NVIDIA's Earnings Show a Green Light for Taiwan Semiconductor
Read Our Latest Research Report on META
Insider Activity
In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 approximately $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 313,803 shares of company stock worth $235,398,025. 13.61% of the stock is currently owned by corporate insiders.
Meta Platforms Price Performance
- Why Zuckerberg's META Sales Look More Bullish Than Bearish
Shares of NASDAQ:META opened at $738.70 on Friday. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.53 and a beta of 1.27. 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 business has a fifty day simple moving average of $735.73 and a 200 day simple moving average of $658.44.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data 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 business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the previous year, the business earned $5.16 EPS. Meta Platforms'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 predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
About Meta Platforms
(Free Report)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.
Read More
- Five stocks we like better than Meta Platforms
- Most Volatile Stocks, What Investors Need to Know
- DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Engines to AI: Cummins’ Surprising Growth Driver
- ESG Stocks, What Investors Should Know
- Smaller Industrials Names Seeing Surging Growth: Here's Why
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Meta Platforms Right Now?
Before you consider Meta Platforms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.
While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
