Cardinal Point Capital Management ULC Acquires 1,099 Shares of Meta Platforms, Inc. $META

Key Points

• Cardinal Point Capital Management ULC increased its Meta Platforms stake by 34.2% in the first quarter, buying 1,099 additional shares for a total of 4,309 shares valued at about $2.47 million.
• Meta reported strong quarterly results, with earnings of $10.44 per share beating estimates and revenue of $56.31 billion topping forecasts, while revenue jumped 33.1% from a year earlier.
• Analyst sentiment remains mostly positive despite some target cuts and one downgrade, with an average rating of “Moderate Buy” and an average price target of $840.60.

Cardinal Point Capital Management ULC raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 34.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,309 shares of the social networking company's stock after buying an additional 1,099 shares during the quarter. Cardinal Point Capital Management ULC's holdings in Meta Platforms were worth $2,465,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in META. Brighton Jones LLC grew its stake in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd raised its stake in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in Meta Platforms in the 2nd quarter valued at $213,000. Finally, Capital & Planning LLC bought a new stake in Meta Platforms in the 2nd quarter valued at $322,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

NASDAQ META opened at $550.25 on Monday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average is $612.28 and its two-hundred day moving average is $630.50. The company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.97 and a beta of 1.23. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25.

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

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

META has been the topic of several research reports. Arete Research set a $735.00 price objective on shares of Meta Platforms and gave the stock a "buy" rating in a report on Tuesday, June 2nd. The Goldman Sachs Group cut shares of Meta Platforms from a "buy" rating to a "sell" rating in a research note on Tuesday, June 2nd. Citizens Jmp reissued a "market outperform" rating and set a $900.00 target price on shares of Meta Platforms in a research report on Tuesday, April 21st. Morgan Stanley decreased their target price on Meta Platforms from $825.00 to $775.00 and set an "overweight" rating on the stock in a research report on Monday, March 30th. Finally, Stifel Nicolaus lowered their price target 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $840.60.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 140 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $600.00, for a total value of $84,000.00. Following the sale, the chief operating officer owned 12,846 shares in the company, valued at approximately $7,707,600. The trade was a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. This trade represents a 65.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,013 shares of company stock worth $24,115,999 over the last three months. Company insiders own 13.53% of the company's stock.

Meta Platforms News Summary

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.

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.

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