Bank of Hawaii Has $14.71 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Bank of Hawaii increased its Meta stake by 9.0% in the fourth quarter, adding 1,835 shares to reach 22,290 shares valued at about $14.7 million. Meta now represents roughly 0.7% of the bank’s holdings and is its 26th largest position.
• Meta continues to attract institutional interest, with hedge funds and other investors owning 79.91% of the stock. Several firms also slightly boosted their positions during the period.
• Insider selling and mixed headline risk remain in focus: executives Curtis J. Mahoney and Andrew Bosworth recently sold shares, while Meta faces both positive AI-related developments and negative reports tied to security concerns and regulatory pressure.

Bank of Hawaii grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,290 shares of the social networking company's stock after acquiring an additional 1,835 shares during the period. Meta Platforms accounts for approximately 0.7% of Bank of Hawaii's holdings, making the stock its 26th largest position. Bank of Hawaii's holdings in Meta Platforms were worth $14,713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First National Bank Sioux Falls boosted its holdings in shares of Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after buying an additional 14 shares during the last quarter. Levin Capital Strategies L.P. raised its position in Meta Platforms by 1.4% during the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after acquiring an additional 14 shares in the last quarter. Vista Capital Partners Inc. lifted its stake in Meta Platforms by 1.3% in the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after acquiring an additional 14 shares during the last quarter. Arcataur Capital Management LLC lifted its stake in Meta Platforms by 0.9% in the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock valued at $1,146,000 after acquiring an additional 15 shares during the last quarter. Finally, Acorn Creek Capital LLC grew its position in shares of Meta Platforms by 0.7% in the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock valued at $1,398,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In related news, insider Curtis J. Mahoney sold 2,079 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the firm's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares in the company, valued at approximately $251,641.62. This represents a 94.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 40,568 shares of company stock valued at $25,057,365. Corporate insiders own 13.53% of the company's stock.

Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for 'AI for work' transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

Meta Platforms Stock Performance

Shares of META stock opened at $577.22 on Friday. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company has a market capitalization of $1.46 trillion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The firm has a 50 day moving average price of $621.27 and a two-hundred day moving average price of $634.15. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm's revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.43 earnings per share. As a group, analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms's payout ratio is 7.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on META shares. Benchmark started coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They issued a "buy" rating on the stock. TD Cowen reduced their price target on Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $810.00 price target on shares of Meta Platforms in a research report on Monday, June 1st. Stifel Nicolaus dropped their price objective on Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. Finally, Bank of America cut their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $840.60.

Meta Platforms Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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