Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 34,056 Meta Platforms, Inc. $META

Key Points

• Fideuram Intesa Sanpaolo Private Banking disclosed a new fourth-quarter stake in Meta Platforms, buying 34,056 shares valued at about $22.48 million. The position now represents roughly 0.8% of its portfolio and is its 24th largest holding.
• Meta reported better-than-expected quarterly results, with EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion. Revenue rose 33.1% year over year, highlighting continued strength in the business.
• Insider selling and analyst updates were also notable: Meta’s CFO and CTO sold shares under pre-arranged plans, while analysts remained broadly constructive, with an average rating of “Moderate Buy” and an average price target of $840.60.

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 34,056 shares of the social networking company's stock, valued at approximately $22,480,000. Meta Platforms comprises approximately 0.8% of Fideuram Intesa Sanpaolo Private Banking S.P.A.'s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Meta Platforms by 0.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,368,240 shares of the social networking company's stock worth $903,161,000 after acquiring an additional 10,204 shares during the last quarter. Saranac Partners Ltd raised its holdings in Meta Platforms by 29.0% during the 4th quarter. Saranac Partners Ltd now owns 1,968 shares of the social networking company's stock worth $1,299,000 after purchasing an additional 443 shares during the last quarter. Larson Financial Group LLC raised its holdings in Meta Platforms by 0.4% during the 4th quarter. Larson Financial Group LLC now owns 15,034 shares of the social networking company's stock worth $9,924,000 after purchasing an additional 59 shares during the last quarter. Stolz & Associates PS bought a new stake in Meta Platforms during the 4th quarter worth about $231,000. Finally, Hartford Funds Management Co LLC raised its holdings in Meta Platforms by 77.5% during the 4th quarter. Hartford Funds Management Co LLC now owns 4,707 shares of the social networking company's stock worth $3,108,000 after purchasing an additional 2,055 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the transaction, the chief financial officer directly owned 13,186 shares of the company's stock, valued at approximately $8,014,978.24. The trade was a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction dated Monday, May 18th. The shares were 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 approximately $251,641.62. The trade was a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 40,890 shares of company stock valued at $25,315,558 in the last three months. Insiders own 13.53% of the company's stock.

Meta Platforms Stock Down 0.5%

Shares of Meta Platforms stock opened at $597.63 on Wednesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The business has a fifty day simple moving average of $617.71 and a 200 day simple moving average of $636.73. The stock has a market cap of $1.51 trillion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23.

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

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's payout ratio is presently 7.63%.

Analysts Set New Price Targets

Several analysts have weighed in on META shares. UBS Group cut Meta Platforms from a "buy" rating to a "neutral" rating in a report on Tuesday. Roth Mkm reissued a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Wall Street Zen cut Meta Platforms from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Benchmark started coverage on Meta Platforms in a report on Tuesday. They set a "buy" rating for the company. Finally, Piper Sandler started coverage on Meta Platforms in a report on Tuesday. They set an "overweight" rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $840.60.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Wall Street sentiment remains constructive, with analysts including RBC reiterating an outperform view and setting a higher price target, suggesting investors still see meaningful upside in Meta’s core ad and AI businesses.
• Positive Sentiment: A new study ranked Meta among the top S&P 500 companies adopting AI, reinforcing the market’s view that AI remains a key long-term growth driver for the company.
• Positive Sentiment: Meta also announced broader teen-safety controls and new Instagram features aimed at safer, more age-appropriate feeds, which may help ease concerns around user safety and regulation.
• Neutral Sentiment: Several articles highlighted Meta as a long-term growth or value stock, reflecting continued investor interest but not a clear near-term catalyst.
• Negative Sentiment: Meta is dialing back its plan to collect employee mouse movements, clicks, and keystrokes for AI training after staff pushback, underscoring internal resistance to how aggressively the company is pursuing AI data collection. Exclusive: Meta scales back AI mouse clicks tool, citing employee concerns
• Negative Sentiment: Hackers reportedly tricked Meta’s AI chatbot into helping them access Instagram accounts, raising fresh concerns about product security and trust in Meta’s AI systems. They tricked Meta's chatbot to hack into Instagram accounts. It's a warning about how much we trust AI.
• Negative Sentiment: Meta continues to face regulatory and legal pressure over scam ads and child-safety issues, including coordinated European complaints and a proposed group legal action in the UK, which could add compliance costs and reputational risk.

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.

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