Colonial River Investments LLC Has $6.72 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Colonial River Investments increased its Meta Platforms stake by 25.1% in the fourth quarter, ending with 10,186 shares valued at about $6.72 million. Meta now represents roughly 2.4% of the firm’s portfolio and is its ninth-largest holding.
• Meta reported strong quarterly results, with earnings of $10.44 per share on revenue of $56.31 billion, both above analyst expectations. Revenue rose 33.1% year over year, underscoring continued growth and profitability.
• Despite the solid results, recent headlines point to AI-related restructuring and job cuts, with Meta laying off about 8,000 employees as it shifts resources toward AI. Several analysts still rate the stock a buy, with a consensus target price of about $840.31.

Colonial River Investments LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,186 shares of the social networking company's stock after acquiring an additional 2,044 shares during the quarter. Meta Platforms makes up about 2.4% of Colonial River Investments LLC's portfolio, making the stock its 9th biggest holding. Colonial River Investments LLC's holdings in Meta Platforms were worth $6,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. State Street Corp boosted its stake in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Capital World Investors boosted its stake in shares of Meta Platforms by 0.7% during the 3rd quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock worth $28,823,375,000 after acquiring an additional 278,180 shares during the period. Invesco Ltd. lifted its holdings in Meta Platforms by 0.8% during the 3rd quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock worth $12,597,374,000 after purchasing an additional 142,229 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Meta Platforms by 4.1% during the 3rd quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company's stock worth $10,525,258,000 after purchasing an additional 558,792 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $602.61 on Wednesday. The stock has a market capitalization of $1.52 trillion, a PE ratio of 21.91, a P/E/G ratio of 1.07 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. The business has a fifty day moving average price of $620.35 and a two-hundred day moving average price of $637.91. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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. The firm had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.43 EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer directly owned 414 shares of the company's stock, valued at $251,641.62. The trade was a 94.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares of the company's stock, valued at $6,645,103.65. This represents a 20.83% 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. Insiders sold 171,517 shares of company stock valued at $109,138,067 in the last three months. Corporate insiders own 13.53% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on META. Canaccord Genuity Group lifted their price target on Meta Platforms from $900.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Bank of America dropped their price target on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a report on Monday, April 20th. UBS Group dropped their price target on Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Truist Financial dropped their price target on Meta Platforms from $900.00 to $840.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Finally, Tigress Financial lifted their price target on Meta Platforms from $935.00 to $945.00 and gave the stock a "strong-buy" rating in a report on Wednesday, March 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus target price of $840.31.

Key Headlines Impacting Meta Platforms

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

• Negative Sentiment: Meta began laying off about 8,000 employees, or roughly 10% of its workforce, as part of a broader AI-first transformation. The move highlights rising restructuring costs and suggests more cuts could follow later this year. Meta Begins Laying Off 8,000 Employees Amid A.I. Transformation
• Negative Sentiment: Reports that Meta is cutting jobs while ramping up AI investment have kept attention on margin pressure and the scale of the company’s AI spending bill, which some investors view as a near-term drag on earnings. Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
• Neutral Sentiment: Meta offered rival AI chatbot makers limited free access to WhatsApp in Europe before charging once usage limits are reached. The move could support platform engagement and developer adoption, but the financial impact is still unclear. Exclusive: Meta offers AI rival chatbots limited free WhatsApp access, sources say
• Neutral Sentiment: Meta also drew attention for new AI-related product and safety initiatives, including an incognito chat feature for WhatsApp’s AI assistant and new parental supervision tools, but these are not likely to move the stock in the near term. Meta Platforms (META) Launching Incognito Chat for WhatsApp AI Assistant

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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