First American Bank Purchases 1,804 Shares of Meta Platforms, Inc. $META

Key Points

• First American Bank increased its Meta Platforms stake by 4.2% in the first quarter, buying 1,804 more shares and bringing its total holding to 44,809 shares worth about $25.6 million.
• Meta’s latest quarterly results beat expectations, with EPS of $10.44 and revenue of $56.31 billion, while revenue rose 33.1% year over year and the company also began paying a quarterly dividend.
• Investor sentiment is mixed: several analysts still rate Meta a Moderate Buy, but some have downgraded the stock amid concerns that heavy AI infrastructure spending is pressuring near-term cash flow.

First American Bank grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,809 shares of the social networking company's stock after purchasing an additional 1,804 shares during the period. Meta Platforms makes up approximately 1.6% of First American Bank's investment portfolio, making the stock its 13th largest holding. First American Bank's holdings in Meta Platforms were worth $25,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Keybank National Association OH boosted its stake in shares of Meta Platforms by 15.7% during the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after buying an additional 18,169 shares during the last quarter. WMS Group LLC bought a new position in shares of Meta Platforms in the 4th quarter valued at about $876,000. Becker Capital Management Inc. increased its position in shares of Meta Platforms by 5.0% in the third quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock valued at $25,741,000 after acquiring an additional 1,657 shares during the last quarter. Diversified Trust Co. increased its position in shares of Meta Platforms by 4.1% in the fourth 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 during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its position in shares of Meta Platforms by 16.2% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock valued at $5,091,000 after acquiring an additional 968 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Wedbush’s Dan Ives said Meta is being treated like a “bear market” stock despite its central role in the AI buildout, arguing the recent selloff is more about short-term impatience than a broken AI thesis.
• Positive Sentiment: Analyst commentary said Meta’s AI push is driving revenue growth, stronger ad engagement, and rising user activity, supporting the case for further upside.
• Positive Sentiment: Qualcomm’s new AI data-center push and partnerships with Meta and Microsoft reinforce Meta’s role in major AI infrastructure deals, which may support long-term growth expectations. Qualcomm stock jumps on AI data center push, Meta and Microsoft deals
• Positive Sentiment: One article framed Meta as one of the most attractive mega-cap tech names after the 2026 selloff, suggesting the stock could have meaningful recovery potential from current levels.
• Neutral Sentiment: Mark Zuckerberg is reportedly pushing Meta to explore working with prediction-market platforms Polymarket and Kalshi as part of an Arena app aimed at younger users, which could expand engagement but is still early-stage. Mark Zuckerberg Urges Meta to Explore Working With Polymarket and Kalshi
• Neutral Sentiment: Consumer-sentiment commentary said Meta continues to keep users on its platforms longer, but investor sentiment remains weighed down by AI spending concerns. Ca$htag$: Is META Winning Over Consumers?
• Negative Sentiment: Meta is facing fresh legal and reputational pressure after Sarah Wynn-Williams accused the company of surveilling her to silence criticism, adding to headline risk around the stock.
• Negative Sentiment: Multiple reports continue to highlight investor concern that Meta’s aggressive AI infrastructure spending is compressing near-term cash flow, which has been a major factor behind the stock’s weakness.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $550.25 on Monday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-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 company has a market capitalization of $1.39 trillion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.23. The company has a 50-day simple moving average of $612.28 and a 200 day simple moving average of $630.50.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for 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 was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.43 earnings per share. Sell-side analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms's payout ratio is currently 7.63%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group cut Meta Platforms from a "buy" rating to a "sell" rating in a research report on Tuesday, June 2nd. Wells Fargo & Company lowered their price target on Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Erste Group Bank cut Meta Platforms from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Wall Street Zen downgraded Meta Platforms from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, TD Cowen decreased their target price on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $840.60.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the firm's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the sale, the chief technology officer owned 414 shares of the company's stock, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares of the company's stock, valued at approximately $681,890.56. This trade represents a 65.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,013 shares of company stock valued at $24,115,999 over the last 90 days. 13.53% of the stock is owned by insiders.

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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