Keybank National Association OH Purchases 18,169 Shares of Meta Platforms, Inc. $META

Key Points

• Keybank National Association OH increased its Meta Platforms stake by 15.7% in the fourth quarter, adding 18,169 shares and bringing its total holding to 133,798 shares worth about $88.3 million.
• Other large institutions also added to Meta positions, and institutional investors now own 79.91% of the company, signaling continued strong interest from professional money managers.
• Analysts remain broadly positive on Meta despite some target-price cuts; the stock carries a Moderate Buy consensus with a target price around $840.31, while the company recently beat Q1 earnings expectations and raised investor focus on its heavy AI-related spending.

Keybank National Association OH boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 133,798 shares of the social networking company's stock after acquiring an additional 18,169 shares during the quarter. Keybank National Association OH's holdings in Meta Platforms were worth $88,319,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Meta Platforms by 3.8% during 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 buying an additional 7,269,279 shares during the period. State Street Corp raised its position in Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Capital World Investors boosted its stake in shares of Meta Platforms by 0.7% during the 3rd quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock worth $28,823,375,000 after acquiring an additional 278,180 shares during the last quarter. Invesco Ltd. grew its position in shares of Meta Platforms by 0.8% during the 3rd quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock valued at $12,597,374,000 after acquiring an additional 142,229 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Meta Platforms by 4.1% in the 3rd quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company's stock worth $10,525,258,000 after purchasing an additional 558,792 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. 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 report on Monday, April 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $810.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. UBS Group decreased their price objective on Meta Platforms from $908.00 to $865.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Raymond James Financial lowered their price objective on Meta Platforms from $825.00 to $800.00 and set a "strong-buy" rating on the stock in a research report on Monday, January 26th. Finally, Canaccord Genuity Group boosted their price objective on Meta Platforms from $900.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $840.31.

Meta Platforms News Summary

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 Price Performance

Shares of Meta Platforms stock opened at $609.63 on Friday. The company 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 company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock's 50-day simple moving average is $627.67 and its 200-day simple moving average is $645.30. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

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 (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The firm 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%.The firm's revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the business posted $6.43 earnings per share. As a group, analysts expect that Meta Platforms, Inc. will post 29.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling

In related news, COO Javier Olivan sold 926 shares of the firm's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $607.74, for a total transaction of $562,767.24. Following the completion of the transaction, the chief operating officer directly owned 7,779 shares of the company's stock, valued at approximately $4,727,609.46. This trade represents a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total transaction of $386,860.00. Following the transaction, the director directly owned 3,847 shares of the company's stock, valued at $2,565,949. The trade was a 13.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 168,193 shares of company stock valued at $107,642,717. Insiders own 13.61% of the company's stock.

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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