Indiana Trust & Investment Management Co Sells 1,505 Shares of Meta Platforms, Inc. $META

Key Points

• Indiana Trust & Investment Management Co reduced its Meta Platforms stake by 16% in the first quarter, selling 1,505 shares and ending with 7,904 shares worth about $4.52 million.
• Meta remains heavily owned by institutions, with large holders like Vanguard, State Street, and Geode all reporting sizable positions; overall, 79.91% of the stock is institutionally owned.
• Wall Street sentiment is still constructive: analysts rate META a Moderate Buy with a consensus price target of $838.26, while recent earnings beat estimates and the stock has risen 6.0% on the day cited.

Indiana Trust & Investment Management Co cut its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,904 shares of the social networking company's stock after selling 1,505 shares during the period. Meta Platforms comprises about 1.4% of Indiana Trust & Investment Management Co's portfolio, making the stock its 13th largest position. Indiana Trust & Investment Management Co's holdings in Meta Platforms were worth $4,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. Auto Owners Insurance Co raised its position in shares of Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares during the period. State Street Corp raised its position in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock valued at $34,734,628,000 after purchasing an additional 878,396 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of Meta Platforms by 0.8% during the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock valued at $26,112,735,000 after purchasing an additional 310,947 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research reports. Susquehanna raised Meta Platforms from a "positive" rating to a "positive" rating in a research note on Tuesday, June 2nd. Roth Capital restated a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Erste Group Bank raised shares of Meta Platforms from a "hold" rating to a "buy" rating in a research note on Tuesday. KeyCorp reiterated an "overweight" rating and issued a $760.00 price target on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Barclays increased their price objective on shares of Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $838.26.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 9,195 shares of the firm's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the transaction, the chief financial officer owned 13,186 shares of the company's stock, valued at approximately $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares in the company, valued at $681,890.56. The trade was a 65.03% 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. Over the last ninety days, insiders have sold 44,748 shares of company stock worth $27,565,292. Company insiders own 13.53% of the company's stock.

Key Meta Platforms News

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

• Positive Sentiment: Meta’s latest AI push is drawing bullish attention, including the launch of Muse Spark 1.1, expanded developer access through its Model API, and reports that the company plans to start producing an in-house AI chip in September. Investors are betting these moves could lower compute costs, reduce reliance on Nvidia and AMD, and open new revenue streams beyond advertising. Article Title
• Positive Sentiment: Meta is also benefiting from optimism around its cloud and AI infrastructure ambitions, including a new C$13 billion data center in Alberta and commentary that the company may be building a stronger long-term “AI revenue stack” than the market currently prices in. Article Title
• Positive Sentiment: Several analysts and commentators are still constructive on META, with bullish notes saying the stock looks attractively valued relative to its AI growth potential and that recent weakness created an opportunity for long-term investors. Article Title
• Neutral Sentiment: Citizens JMP trimmed its price target to $800 from $825 while maintaining an outperform rating, suggesting continued upside but a slightly more cautious near-term view on valuation and spending. Article Title
• Negative Sentiment: Meta faces renewed regulatory risk after the European Union said Facebook and Instagram may violate the Digital Services Act with “addictive” design features such as infinite scroll, autoplay, and push notifications, potentially exposing the company to fines and product changes. Article Title
• Negative Sentiment: Separate reporting also highlighted investor concern that Meta’s aggressive AI capex could pressure margins if monetization takes longer than expected, even though the market is currently rewarding the strategy. Article Title

Meta Platforms Stock Up 6.0%

NASDAQ:META opened at $669.21 on Friday. The stock has a 50-day simple moving average of $598.11 and a 200 day simple moving average of $627.10. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a market cap of $1.69 trillion, a PE ratio of 24.33, a PEG ratio of 1.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter in the previous year, the business posted $6.43 EPS. The business's quarterly revenue was up 33.1% compared to the same quarter last year. On average, sell-side analysts expect 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. Stockholders of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's payout ratio is currently 7.63%.

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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