Harbor Investment Advisory LLC Has $7.91 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Harbor Investment Advisory LLC reduced its Meta stake by 6.5% in the first quarter, selling 965 shares and leaving it with 13,820 shares valued at about $7.91 million. Meta now represents 0.6% of the firm’s portfolio and its 29th largest holding.
• Meta’s recent earnings beat expectations, reporting $10.44 EPS versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year. The company also continues to show strong profitability with a 36.93% return on equity.
• Investor sentiment remains tied to Meta’s AI strategy, with analysts highlighting AI-driven ad improvements and potential cloud-computing opportunities, while concerns persist that AI agents are progressing slower than hoped and could take longer to monetize.

Harbor Investment Advisory LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,820 shares of the social networking company's stock after selling 965 shares during the quarter. Meta Platforms accounts for 0.6% of Harbor Investment Advisory LLC's portfolio, making the stock its 29th largest holding. Harbor Investment Advisory LLC's holdings in Meta Platforms were worth $7,907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RHL Group LLC bought a new position in shares of Meta Platforms during the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $29,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $42,000. Finally, Key Capital Management INC bought a new position in Meta Platforms during the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 79.91% of the company's stock.

More Meta Platforms News

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

• Positive Sentiment: Meta is being viewed more favorably by some analysts because its AI-powered ads are reportedly improving advertiser returns, which supports revenue growth and suggests its AI spending is starting to pay off. Meta's Capex Is Paying Off, But The Market Doesn't Care
• Positive Sentiment: Reports that Meta may rent out excess GPU capacity and build a cloud-computing business are boosting sentiment, since investors see a potential new monetization avenue beyond digital advertising. Meta's push into cloud computing means Wall Street has to prepare for lower margins
• Positive Sentiment: Meta’s broader AI strategy is also getting support from bullish coverage that argues the company is chasing a huge enterprise AI-compute opportunity and could eventually re-rate higher if execution improves. Senior Analyst: Meta Is Chasing A $2 Trillion AI Compute Opportunity, But It's Years Behind
• Neutral Sentiment: Meta remains a highly followed stock, with traders and analysts continuing to debate whether its AI investment cycle will translate into sustainable earnings growth or just higher spending. Meta Platforms, Inc. (META) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Zuckerberg also acknowledged that Meta’s AI agents are progressing slower than expected, which reinforces investor concerns that some of the company’s ambitious AI initiatives may take longer to monetize. Zuckerberg says AI agent development going slower than expected
• Negative Sentiment: India reportedly asked Meta to delay its WhatsApp username rollout over fraud concerns, creating a potential regulatory hurdle for one of Meta’s most important messaging growth initiatives. India asks Meta to hold WhatsApp username rollout over fraud fears

Meta Platforms Stock Performance

NASDAQ:META opened at $582.88 on Friday. The stock has a market capitalization of $1.47 trillion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm has a 50 day moving average of $602.79 and a 200-day moving average of $628.20.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the company earned $6.43 EPS. Meta Platforms's revenue for the quarter was up 33.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 29.46 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analyst Upgrades and Downgrades

META has been the subject of several recent research reports. Arete Research set a $735.00 price target on Meta Platforms and gave the company a "buy" rating in a report on Tuesday, June 2nd. KeyCorp restated an "overweight" rating and set a $760.00 price objective on shares of Meta Platforms in a research report on Thursday, April 30th. Benchmark began coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued a "buy" rating for the company. Susquehanna raised Meta Platforms from a "positive" rating to a "positive" rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Meta Platforms from $765.00 to $767.00 and gave the stock an "overweight" rating in a research note on Thursday. 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $840.64.

Insider Transactions at Meta Platforms

In related news, Director Robert M. Kimmitt sold 504 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the transaction, the director owned 3,943 shares in the company, valued at $2,481,290.47. The trade was a 11.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider owned 1,118 shares of the company's stock, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 39,013 shares of company stock worth $24,115,999. Insiders own 13.53% of the company's stock.

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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