Chicago Partners Investment Group LLC Buys 1,082 Shares of Meta Platforms, Inc. $META

Key Points

• Chicago Partners Investment Group increased its Meta Platforms stake by 3.4% in the first quarter, buying 1,082 additional shares and bringing its total to 32,915 shares worth about $18.8 million.
• Meta posted strong quarterly results, with EPS of $10.44 and revenue of $56.31 billion, both ahead of analyst expectations; revenue also rose 33.1% year over year.
• Insiders have been selling shares, including COO Javier Olivan and Director Robert M. Kimmitt, while analysts still broadly rate the stock a “Moderate Buy” with an average price target of $830.45.

Chicago Partners Investment Group LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,915 shares of the social networking company's stock after purchasing an additional 1,082 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Meta Platforms were worth $18,832,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Keybank National Association OH increased its holdings in Meta Platforms by 15.7% in the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock valued at $88,319,000 after buying an additional 18,169 shares during the period. WMS Group LLC bought a new position in shares of Meta Platforms during the 4th quarter worth about $876,000. Diversified Trust Co. boosted its position in shares of Meta Platforms by 4.1% during the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after acquiring an additional 3,336 shares in the last quarter. Consolidated Investment Group LLC raised its position in Meta Platforms by 61.2% in the fourth quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock worth $5,215,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 3,348 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares in the company, valued at $5,708,013.06. The trade was a 26.06% 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 500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total value of $303,875.00. Following the completion of the transaction, the director owned 3,443 shares in the company, valued at $2,092,483.25. The trade was a 12.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 39,503 shares of company stock worth $24,241,859. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Down 2.8%

NASDAQ META opened at $646.01 on Friday. The stock's 50 day simple moving average is $603.17 and its 200 day simple moving average is $627.00. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The firm has a market cap of $1.63 trillion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion during 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 for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.43 EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.63%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on META. BNP Paribas Exane started coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an "outperform" rating on the stock. Roth Capital restated a "buy" rating on shares of Meta Platforms in a research report on Thursday, April 30th. Sanford C. Bernstein lowered their price target on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating on the stock in a research report on Thursday, April 30th. Bank of America dropped their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Finally, Guggenheim cut their price objective on Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $830.45.

Key Meta Platforms News

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

• Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
• Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
• Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
• Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
• Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title

Meta Platforms Company 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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