Crestwood Advisors Group LLC Cuts Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Crestwood Advisors Group LLC cut its Meta Platforms stake by 23.2% in the fourth quarter, selling 44,309 shares and ending with 146,279 shares worth about $96.6 million.
• Meta recently posted strong quarterly results, reporting EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion, topping estimates and rising 33.1% year over year.
• Wall Street remains broadly positive on META, with analysts maintaining a Moderate Buy consensus and an average price target of $840.31, even as some firms trimmed their targets.

Crestwood Advisors Group LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,279 shares of the social networking company's stock after selling 44,309 shares during the period. Meta Platforms comprises approximately 1.6% of Crestwood Advisors Group LLC's portfolio, making the stock its 13th biggest holding. Crestwood Advisors Group LLC's holdings in Meta Platforms were worth $96,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valued Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 3.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 454 shares of the social networking company's stock worth $334,000 after buying an additional 14 shares during the last quarter. 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 worth $1,321,000 after buying an additional 14 shares during the last quarter. Levin Capital Strategies L.P. boosted its holdings in shares of Meta Platforms by 1.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after buying an additional 14 shares during the last quarter. Vista Capital Partners Inc. raised its stake in Meta Platforms by 1.3% in the 2nd 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 period. Finally, Macroview Investment Management LLC raised its stake in Meta Platforms by 3.3% in the 3rd quarter. Macroview Investment Management LLC now owns 465 shares of the social networking company's stock valued at $341,000 after acquiring an additional 15 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

NASDAQ:META opened at $614.23 on Monday. The firm has a market cap of $1.55 trillion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The business has a 50 day moving average price of $622.18 and a 200-day moving average price of $639.94.

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 analysts' consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business's quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.43 earnings per share. Equities research analysts predict that Meta Platforms, Inc. will post 29.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on META. Sanford C. Bernstein lowered their price objective on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating on the stock in a research note on Thursday, April 30th. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft upped their price target on Meta Platforms from $880.00 to $920.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Mizuho cut their price objective on Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a report on Tuesday, May 5th. Finally, Rothschild & Co Redburn set a $900.00 price objective on Meta Platforms in a report on Monday, January 26th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $840.31.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Bill Ackman’s Pershing Square continues to hold Meta alongside other megacap AI leaders, reinforcing the view that META remains a core long-term AI and digital ads name. Microsoft, Meta, Amazon and Google. Is Ackman's Hedge Fund Just a Mag 7 Play?
• Positive Sentiment: Analysts and market commentary continue to point out that Meta’s latest earnings beat was strong, with faster revenue growth and better-than-expected EPS, which supports the bull case despite recent volatility. Meta Platforms Stock Performance
• Neutral Sentiment: Meta is getting attention as one of the most-watched stocks on Zacks, suggesting investors are closely focused on what comes next for AI spending, ad growth, and margins. Meta Platforms, Inc. (META) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Meta is still a key part of the AI trade, but commentary about an AI bubble and crowded megacap positioning is keeping sentiment cautious around the stock. UBS warns AI stocks are overheating as growth expectations collide with history
• Negative Sentiment: Meta’s CFO said 2026 capital expenditures are expected to keep rising, intensifying concerns that heavy AI infrastructure spending could weigh on free cash flow and near-term profitability. Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up
• Negative Sentiment: Meta is facing fresh legal and regulatory pressure, including a New Mexico youth-safety trial, an Italian lawsuit over minors’ social media use, and a California suit tied to AI scam ads and advertising practices. Meta and Google fund US kids' groups, as critics warn of social media risk
• Negative Sentiment: Some fund managers trimmed META holdings, which may add to near-term caution even though other investors increased exposure. ARK Investment’s Cathie Wood Cuts Meta Platforms Stake Sharply

Insider Buying and Selling

In related news, COO Javier Olivan sold 926 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $604.57, for a total transaction of $559,831.82. Following the completion of the transaction, the chief operating officer owned 6,853 shares in the company, valued at $4,143,118.21. This represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total value of $386,860.00. Following the transaction, the director owned 3,847 shares of the company's stock, valued at approximately $2,565,949. This represents a 13.10% 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. In the last three months, insiders have sold 160,352 shares of company stock valued at $102,559,436. Insiders own 13.53% of the company's stock.

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.

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.