Cache Advisors LLC Boosts Holdings in Meta Platforms, Inc. $META

Key Points

• Cache Advisors LLC boosted its Meta Platforms stake by 42.8% in the first quarter, buying 14,458 more shares and bringing its position to 48,213 shares worth about $27.6 million.
• Meta’s latest quarterly results beat expectations, with earnings of $10.44 per share versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year.
• Analysts remain mostly positive despite some recent downgrades: the stock has a Moderate Buy consensus rating and an average price target of $840.60, even as concerns linger over AI spending and insider selling.

Cache Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 42.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,213 shares of the social networking company's stock after purchasing an additional 14,458 shares during the quarter. Meta Platforms makes up approximately 3.2% of Cache Advisors LLC's holdings, making the stock its 9th biggest holding. Cache Advisors LLC's holdings in Meta Platforms were worth $27,584,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. RHL Group LLC acquired a new stake in Meta Platforms during the 4th quarter valued at $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms in the 4th quarter valued at $29,000. Niles Investment Management LLC acquired a new position in Meta Platforms in the fourth quarter worth $29,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms in the fourth quarter worth $42,000. Finally, Key Capital Management INC bought a new stake in shares of Meta Platforms during the fourth quarter worth $48,000. 79.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. KeyCorp restated an "overweight" rating and issued a $760.00 target price on shares of Meta Platforms in a research note on Thursday, April 30th. Barclays upped their price target on shares of Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. UBS Group lowered shares of Meta Platforms from a "buy" rating to a "neutral" rating in a report on Tuesday, June 2nd. Bank of America lowered their price objective on shares of Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Finally, The Goldman Sachs Group downgraded shares of Meta Platforms from a "buy" rating to a "sell" rating in a research note on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $840.60.

Meta Platforms Stock Performance

META opened at $550.25 on Friday. The firm has a market capitalization of $1.39 trillion, a PE ratio of 20.00, a PEG ratio of 0.96 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The business's 50-day simple moving average is $612.28 and its 200 day simple moving average is $630.76.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The firm 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 business's revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.43 earnings per share. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Key Meta Platforms News

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

• Positive Sentiment: Wedbush’s Dan Ives said Meta is being treated like a “bear market” stock despite its central role in the AI buildout, arguing the recent selloff is more about short-term impatience than a broken AI thesis.
• Positive Sentiment: Analyst commentary said Meta’s AI push is driving revenue growth, stronger ad engagement, and rising user activity, supporting the case for further upside.
• Positive Sentiment: Qualcomm’s new AI data-center push and partnerships with Meta and Microsoft reinforce Meta’s role in major AI infrastructure deals, which may support long-term growth expectations. Qualcomm stock jumps on AI data center push, Meta and Microsoft deals
• Positive Sentiment: One article framed Meta as one of the most attractive mega-cap tech names after the 2026 selloff, suggesting the stock could have meaningful recovery potential from current levels.
• Neutral Sentiment: Mark Zuckerberg is reportedly pushing Meta to explore working with prediction-market platforms Polymarket and Kalshi as part of an Arena app aimed at younger users, which could expand engagement but is still early-stage. Mark Zuckerberg Urges Meta to Explore Working With Polymarket and Kalshi
• Neutral Sentiment: Consumer-sentiment commentary said Meta continues to keep users on its platforms longer, but investor sentiment remains weighed down by AI spending concerns. Ca$htag$: Is META Winning Over Consumers?
• Negative Sentiment: Meta is facing fresh legal and reputational pressure after Sarah Wynn-Williams accused the company of surveilling her to silence criticism, adding to headline risk around the stock.
• Negative Sentiment: Multiple reports continue to highlight investor concern that Meta’s aggressive AI infrastructure spending is compressing near-term cash flow, which has been a major factor behind the stock’s weakness.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 140 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $600.00, for a total value of $84,000.00. Following the completion of the sale, the chief operating officer owned 12,846 shares of the company's stock, valued at $7,707,600. The trade was a 1.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 504 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $317,162.16. Following the transaction, the director owned 3,943 shares in the company, valued at approximately $2,481,290.47. The trade was a 11.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 39,013 shares of company stock worth $24,115,999 in the last quarter. 13.53% of the stock is currently owned by corporate insiders.

About Meta Platforms

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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.