Newbrook Capital Advisors LP Has $22.17 Million Stock Holdings in Meta Platforms, Inc. $META

Newbrook Capital Advisors LP reduced its holdings in Meta Platforms, Inc. (NASDAQ:META) by 39.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,465 shares of the social networking company’s stock after selling 24,971 shares during the period. Meta Platforms accounts for about 3.5% of Newbrook Capital Advisors LP’s portfolio, making the stock its 14th largest holding. Newbrook Capital Advisors LP’s holdings in Meta Platforms were worth $22,170,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lantern Wealth Advisors LLC raised its holdings in Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company’s stock worth $1,743,000 after acquiring an additional 14 shares in the last quarter. ABLE Financial Group LLC boosted its holdings in shares of Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company’s stock valued at $1,251,000 after buying an additional 15 shares during the last quarter. Cedar Point Capital Partners LLC grew its stake in shares of Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company’s stock valued at $433,000 after buying an additional 16 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its holdings in Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company’s stock worth $840,000 after buying an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC lifted its stake in Meta Platforms by 2.2% in the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company’s stock valued at $465,000 after acquiring an additional 17 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $750.47, for a total transaction of $389,493.93. Following the completion of the sale, the insider directly owned 32,427 shares in the company, valued at $24,335,490.69. This represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,286 shares of company stock worth $235,064,596 in the last 90 days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 1.7%

Shares of META stock opened at $738.70 on Monday. The stock has a 50 day simple moving average of $735.73 and a 200 day simple moving average of $657.95. 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 stock has a market cap of $1.86 trillion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on META shares. Sanford C. Bernstein boosted their target price on Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Bank of America raised their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Oppenheimer upped their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Wednesday, August 13th. Finally, Raymond James Financial boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $822.41.

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.