iA Global Asset Management Inc. Has $192.50 Million Holdings in Meta Platforms, Inc. $META

Key Points

• iA Global Asset Management cut its Meta Platforms stake by 18.5% in the fourth quarter, selling 66,197 shares and ending with 291,622 shares worth about $192.5 million.
• Meta reported strong quarterly results, with earnings per share of $10.44 versus analyst expectations of $6.67 and revenue of $56.31 billion, up 33.1% year over year.
• Despite some analyst target cuts and a recent insider selling trend, Wall Street remains broadly constructive on Meta, with a Moderate Buy consensus and a target price around $840.19.

iA Global Asset Management Inc. decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,622 shares of the social networking company's stock after selling 66,197 shares during the quarter. Meta Platforms makes up about 2.5% of iA Global Asset Management Inc.'s investment portfolio, making the stock its 7th largest position. iA Global Asset Management Inc.'s holdings in Meta Platforms were worth $192,497,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Valued Wealth Advisors LLC raised its position in Meta Platforms by 3.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 454 shares of the social networking company's stock valued at $334,000 after purchasing an additional 14 shares during the last quarter. First National Bank Sioux Falls raised its position in Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after purchasing an additional 14 shares during the last quarter. Levin Capital Strategies L.P. raised its position in Meta Platforms by 1.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after purchasing an additional 14 shares during the last quarter. Vista Capital Partners Inc. raised its position in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after purchasing an additional 14 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its position in Meta Platforms by 2.9% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 539 shares of the social networking company's stock valued at $396,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

META stock opened at $610.26 on Tuesday. The company has a market cap of $1.54 trillion, a P/E ratio of 22.18, a PEG ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $617.12 and a 200-day moving average of $636.87.

Meta Platforms (NASDAQ:META - Get Free Report) last released its 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 company had revenue of $56.31 billion during 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 firm's quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.43 earnings per share. As a group, equities research analysts expect that Meta Platforms, Inc. will post 29.49 EPS for the current year.

Insider Buying and Selling

In related news, COO Javier Olivan sold 837 shares of Meta Platforms stock in a transaction on Monday, May 18th. The stock was sold at an average price of $609.35, for a total transaction of $510,025.95. Following the completion of the sale, the chief operating officer directly owned 14,660 shares of the company's stock, valued at $8,933,071. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Meta Platforms stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the sale, the chief technology officer directly owned 414 shares of the company's stock, valued at approximately $251,641.62. This trade represents 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 95,471 shares of company stock valued at $60,616,955 over the last three months. Company insiders own 13.53% of the company's stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta is being viewed as an early leader in the AI trade, with recent commentary arguing the market may be underestimating how much AI could boost the company’s long-term earnings and valuation. The AI Trade Might Be Grossly Underestimated — and It Could Be Time To Rethink How We View the Mag 7
• Positive Sentiment: Meta’s AI strategy is getting more attention, including reporting on CTO Andrew Bosworth’s push to use AI to reshape the workforce and improve efficiency, which could support margins over time. Meet Mark Zuckerberg's Right-Hand Man Who's Unleashing AI at Meta
• Positive Sentiment: Analysts remain bullish on Meta Platforms despite recent volatility, reinforcing confidence that the company’s ad business and AI investments can continue driving upside. Wall Street analysts predict Meta stock price for the next 12 months
• Positive Sentiment: Meta is expanding its AI ecosystem through a $125 million UCLA semiconductor hub with partners including Broadcom and Synopsys, which could help strengthen long-term AI infrastructure and talent development. Meta, Broadcom And Others Launch $125 Million UCLA AI Chip Hub
• Neutral Sentiment: Coverage about a potential AI “sidekick” or digital twin for Mark Zuckerberg adds to the company’s AI narrative, but it is more of a concept story than a confirmed business catalyst. Mark Zuckerberg May Already Have an AI Agent Sidekick — Could This Be the Future for CEOs?
• Neutral Sentiment: Meta’s expanding use of WhatsApp in government services in Gujarat is a positive adoption signal, but the direct financial impact is still unclear. Gujarat moves to WhatsApp governance, signs MoU with Meta Platforms
• Negative Sentiment: Meta is also dealing with scrutiny over the environmental impact of its data centers, after lawmakers raised concerns about water usage and called for an EPA probe, which could create regulatory and reputational pressure. AOC Raises Concerns Over Meta Data Center Water Impact

Analyst Ratings Changes

Several brokerages have issued reports on META. Bank of America cut their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Wolfe Research cut their price objective on Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, April 10th. Wall Street Zen downgraded Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Piper Sandler restated an "overweight" rating and set a $800.00 target price (down from $880.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Finally, Tigress Financial boosted their target price on Meta Platforms from $935.00 to $945.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $840.19.

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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