Anchor Investment Management LLC Lowers Position in Meta Platforms, Inc. $META

Anchor Investment Management LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,761 shares of the social networking company’s stock after selling 229 shares during the quarter. Meta Platforms accounts for about 1.1% of Anchor Investment Management LLC’s portfolio, making the stock its 20th biggest position. Anchor Investment Management LLC’s holdings in Meta Platforms were worth $11,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of META. GAMMA Investing LLC raised its stake in shares of Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock worth $13,517,178,000 after purchasing an additional 23,417,803 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Meta Platforms in the first quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. raised its stake in shares of Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Meta Platforms in the fourth quarter worth approximately $1,162,918,000. Finally, Amundi raised its stake in shares of Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total transaction of $376,923.75. Following the transaction, the insider directly owned 31,908 shares of the company’s stock, valued at approximately $23,173,185. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction dated 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 transaction, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 282,244 shares of company stock valued at $213,336,095. 13.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on META. Robert W. Baird upped their target price on Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Wednesday, August 13th. Oppenheimer upped their target price on Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their target price on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Citizens Jmp upped their target price on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $822.41.

Meta Platforms Trading Up 1.8%

Shares of META stock opened at $765.70 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a market capitalization of $1.92 trillion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The business’s fifty day moving average is $739.60 and its 200 day moving average is $660.03.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (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 the consensus estimate of $44.55 billion. During the same quarter last year, the business posted $5.16 earnings per share. The firm’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

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.