Envestnet Portfolio Solutions Inc. Purchases 16,001 Shares of Meta Platforms, Inc. $META

Key Points

• Envestnet Portfolio Solutions increased its Meta Platforms stake by 10.8% in the fourth quarter, buying 16,001 additional shares and bringing its total holdings to 164,799 shares valued at about $108.8 million.
• Analysts remain broadly bullish on Meta, with a consensus rating of “Moderate Buy” and an average price target of $840.19. Several firms recently reaffirmed or raised positive ratings and targets.
• Meta’s latest earnings showed strong performance, with EPS of $10.44 beating estimates and revenue rising 33.1% year over year. The stock was also up 3.7% on the day, while insiders, including the CTO and CFO, recently sold shares under pre-arranged trading plans.

Envestnet Portfolio Solutions Inc. raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,799 shares of the social networking company's stock after buying an additional 16,001 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Meta Platforms were worth $108,775,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Payden & Rygel increased its holdings in Meta Platforms by 29.0% in the 4th quarter. Payden & Rygel now owns 30,710 shares of the social networking company's stock valued at $20,271,000 after buying an additional 6,900 shares during the period. Gambit Capital Management LLC bought a new position in Meta Platforms in the 4th quarter valued at about $766,000. Lutz Financial Services LLC increased its holdings in Meta Platforms by 2.2% in the 4th quarter. Lutz Financial Services LLC now owns 838 shares of the social networking company's stock valued at $553,000 after buying an additional 18 shares during the period. Yanni & Associates Investment Advisors LLC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $822,000. Finally, Verde Capital Management boosted its stake in shares of Meta Platforms by 6.4% in the 4th quarter. Verde Capital Management now owns 501 shares of the social networking company's stock valued at $331,000 after purchasing an additional 30 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on META. Canaccord Genuity Group raised their price target on shares of Meta Platforms from $900.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Piper Sandler restated an "overweight" rating and issued a $800.00 price target (down from $880.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Citigroup restated an "outperform" rating on shares of Meta Platforms in a research note on Thursday, January 29th. TD Cowen reduced their price target on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Finally, Roth Mkm restated a "buy" rating on shares of Meta Platforms in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $840.19.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the completion of the transaction, the chief financial officer owned 13,186 shares in the company, valued at $8,014,978.24. This trade represents a 41.08% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 95,471 shares of company stock worth $60,616,955 in the last ninety days. Company insiders own 13.53% of the company's stock.

Meta Platforms Stock Up 3.7%

NASDAQ:META opened at $635.26 on Thursday. The firm's 50 day simple moving average is $617.25 and its 200 day simple moving average is $636.82. 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, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a market cap of $1.61 trillion, a PE ratio of 23.09, a P/E/G ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period last year, the company earned $6.43 EPS. The firm's revenue was up 33.1% compared to the same quarter last year. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, opening a new recurring-revenue stream and giving investors a clearer path beyond ads. Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Meta is also testing paid AI subscription tiers, signaling another monetization lever for its fast-growing AI products. Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
• Positive Sentiment: CEO Mark Zuckerberg said a Meta cloud computing business is “definitely on the table” if the company ends up with excess data-center capacity, hinting at a possible long-term expansion into a large enterprise market. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Positive Sentiment: Reports said Meta’s ad business remains strong, with AI features improving engagement and pricing power, reinforcing the company’s core earnings engine. META Rides on Solid Momentum in Ad Business: A Sign of More Upside?
• Neutral Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, but it does not by itself change fundamentals.
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s appeal in a Vermont social-media addiction case, allowing a legal challenge over teen safety and app design to proceed. US Supreme Court won't hear Meta's challenge to Vermont social media addiction lawsuit
• Negative Sentiment: Meta also faces fresh scrutiny from a Santa Clara County lawsuit alleging it profited from scam ads, adding to regulatory and legal overhangs. Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

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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