Greenup Street Wealth Management LLC Purchases 4,220 Shares of Meta Platforms, Inc. $META

Key Points

• Greenup Street Wealth Management increased its Meta Platforms stake by 45.5% in the first quarter, buying 4,220 more shares and bringing its total holding to 13,494 shares worth about $7.72 million.
• Meta reported strong quarterly results, posting EPS of $10.44 versus expectations of $6.67 and revenue of $56.31 billion, up 33.1% year over year. The company also announced a quarterly dividend of $0.525 per share.
• Analysts remain broadly positive on META, with an average rating of “Moderate Buy” and an average target price of $840.60, though some firms trimmed their price targets amid concerns about AI spending and near-term cash flow pressure.

Greenup Street Wealth Management LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 45.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,494 shares of the social networking company's stock after buying an additional 4,220 shares during the quarter. Meta Platforms makes up approximately 1.1% of Greenup Street Wealth Management LLC's investment portfolio, making the stock its 19th largest position. Greenup Street Wealth Management LLC's holdings in Meta Platforms were worth $7,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Brighton Jones LLC lifted its holdings in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its holdings in shares of Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in shares of Meta Platforms in the second quarter valued at about $213,000. Finally, Capital & Planning LLC bought a new position in shares of Meta Platforms in the second quarter valued at about $322,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Up 1.4%

Shares of META stock opened at $550.25 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market cap 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 stock has a 50 day simple moving average of $612.28 and a 200 day simple moving average of $630.76. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (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 for the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter in the prior year, the business posted $6.43 earnings per share. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. On average, research analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued 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 of this dividend was Monday, June 15th. Meta Platforms's dividend payout ratio is 7.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on META shares. Sanford C. Bernstein reduced their price objective on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating for the company in a report on Thursday, April 30th. Bank of America lowered their target price on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a research note on Monday, April 20th. Citizens Jmp reissued a "market outperform" rating and set a $900.00 price target on shares of Meta Platforms in a report on Tuesday, April 21st. TD Cowen reduced their price target on Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Finally, Tigress Financial upped their price objective on Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a report on Wednesday, March 18th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $840.60.

Key Stories 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.

Insider Transactions at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 504 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $629.29, for a total transaction of $317,162.16. Following the sale, the director directly owned 3,943 shares in the company, valued at $2,481,290.47. This represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 140 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $600.00, for a total transaction of $84,000.00. Following the completion of the transaction, the chief operating officer directly owned 12,846 shares in the company, valued at approximately $7,707,600. This represents a 1.08% 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. In the last three months, insiders have sold 39,013 shares of company stock valued at $24,115,999. 13.53% of the stock is owned by corporate insiders.

About Meta Platforms

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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