Everstar Asset Management LLC Makes New $34.27 Million Investment in Meta Platforms, Inc. $META

Everstar Asset Management LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 59,460 shares of the social networking company’s stock, valued at approximately $34,270,000. Meta Platforms makes up approximately 6.4% of Everstar Asset Management LLC’s investment portfolio, making the stock its 4th biggest position.

Several other hedge funds also recently modified their holdings of the company. Challenger Wealth Management lifted its holdings in Meta Platforms by 39.4% in the 1st quarter. Challenger Wealth Management now owns 1,193 shares of the social networking company’s stock valued at $688,000 after acquiring an additional 337 shares during the last quarter. First Dallas Securities Inc. raised its stake in Meta Platforms by 17.7% during the 1st quarter. First Dallas Securities Inc. now owns 8,934 shares of the social networking company’s stock valued at $5,149,000 after purchasing an additional 1,345 shares during the period. CTC Alternative Strategies Ltd. acquired a new stake in Meta Platforms during the 1st quarter worth about $2,536,000. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Meta Platforms by 12.2% during the first quarter. Ashton Thomas Private Wealth LLC now owns 36,441 shares of the social networking company’s stock worth $21,003,000 after purchasing an additional 3,955 shares during the period. Finally, Redwood Investments LLC purchased a new position in shares of Meta Platforms during the 1st quarter valued at $395,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on META shares. Benchmark raised their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, July 31st. DA Davidson raised their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. KeyCorp boosted their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Scotiabank raised their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Three investment 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 company. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $822.41.

Insider Activity at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the transaction, the director directly owned 8,877 shares in the company, valued at approximately $6,962,408.64. This trade represents a 4.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction on 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 sale, the chief financial officer owned 84,141 shares of the company’s stock, 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 ninety days, insiders have sold 304,358 shares of company stock valued at $228,847,292. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Up 0.5%

Shares of NASDAQ:META opened at $752.45 on Monday. The company’s fifty day moving average is $738.39 and its 200-day moving average is $658.81. 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 $1.89 trillion, a PE ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 EPS. Meta Platforms’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal 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.