GC Wealth Management RIA LLC Sells 76,874 Shares of Meta Platforms, Inc. $META

Key Points

• GC Wealth Management RIA LLC reduced its Meta Platforms stake by 19% in the fourth quarter, selling 76,874 shares and leaving it with 326,715 shares worth about $215.7 million. Meta remains its second-largest holding and makes up 7.9% of the firm’s portfolio.
• Meta insiders have also been selling stock: CTO Andrew Bosworth and CFO Susan J. Li both disclosed large sales, and insiders sold 167,676 shares worth about $107.3 million over the last 90 days.
• Despite the selling, Meta reported strong quarterly results with EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion, while analysts currently rate the stock a “Moderate Buy” with an average price target of $840.31.

GC Wealth Management RIA LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 326,715 shares of the social networking company's stock after selling 76,874 shares during the quarter. Meta Platforms accounts for approximately 7.9% of GC Wealth Management RIA LLC's holdings, making the stock its 2nd largest holding. GC Wealth Management RIA LLC's holdings in Meta Platforms were worth $215,661,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms during the 3rd quarter worth $26,000. Key Capital Management INC acquired a new stake in Meta Platforms during the 4th quarter worth $48,000. Fairway Wealth LLC raised its stake in Meta Platforms by 36.8% during the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock worth $51,000 after buying an additional 21 shares during the period. Evergreen Private Wealth LLC increased its holdings in Meta Platforms by 64.8% during the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company's stock worth $65,000 after purchasing an additional 35 shares in the last quarter. Finally, PMV Capital Advisers LLC increased its holdings in Meta Platforms by 26.3% during the 4th quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company's stock worth $63,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 8,089 shares of Meta Platforms stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer owned 2,841 shares in the company, valued at approximately $1,793,352.84. This trade represents a 74.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 167,676 shares of company stock worth $107,299,848. Company insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $609.63 on Monday. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.07 and a beta of 1.25. The business has a 50-day moving average of $627.67 and a 200-day moving average of $645.30. 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 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 company 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%.Meta Platforms's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned $6.43 EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 29.68 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.63%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a report on Thursday, January 29th. Scotiabank increased their target price on Meta Platforms from $685.00 to $700.00 and gave the stock a "sector perform" rating in a report on Thursday, January 29th. TD Cowen lowered their target price on Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Rosenblatt Securities reiterated a "buy" rating and set a $1,015.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Barclays raised their price objective on Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average target price of $840.31.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Several analysts remain bullish on Meta Platforms, with recent notes from firms like BofA and Erste Group lifting earnings estimates or price targets after strong Q1 results, reinforcing expectations for meaningful upside. Article Title
• Positive Sentiment: Meta’s AI push is drawing attention as the company reportedly works on AI agents and improved models like Muse Spark, which could support new products and future monetization opportunities. Article Title
• Neutral Sentiment: Commentary pieces continue to frame Meta as an important AI and large-cap tech name, but these are mostly opinion-driven and do not add new fundamental information for the stock. Article Title
• Neutral Sentiment: Meta was also mentioned in a deal roundup about acquiring Assured Robot Intelligence, but the report provided little detail, so the market impact is unclear. Article Title
• Negative Sentiment: Reports highlighting employee dissatisfaction and impending layoffs suggest Meta’s AI transformation is creating internal friction, while also reminding investors that the company’s AI ambitions come with higher costs. Article Title
• Negative Sentiment: Investor concern remains centered on Meta’s enormous 2026 capex plan, estimated at $125 billion to $145 billion, which is fueling fears that profitability could come under pressure before AI investments pay off. Article Title

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.