Louisbourg Investments Inc. Grows Holdings in Meta Platforms, Inc. $META

Key Points

• Louisbourg Investments Inc. increased its Meta Platforms stake by 9.9% in the first quarter, buying 1,337 more shares and bringing its total to 14,892 shares valued at about $8.52 million.
• Meta continues to attract broad institutional interest, with hedge funds and other investors owning 79.91% of the company’s stock. Meanwhile, some insiders have been selling shares, including notable transactions by Curtis J. Mahoney and CTO Andrew Bosworth.
• Wall Street remains generally bullish on Meta, with a Moderate Buy consensus and an average price target of $840.64. The company also recently beat quarterly earnings and revenue estimates, even as the stock traded down to around $582.88.

Louisbourg Investments Inc. lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,892 shares of the social networking company's stock after acquiring an additional 1,337 shares during the quarter. Meta Platforms accounts for 1.5% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 16th largest position. Louisbourg Investments Inc.'s holdings in Meta Platforms were worth $8,520,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Keybank National Association OH lifted its position in shares of Meta Platforms by 15.7% during the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after purchasing an additional 18,169 shares in the last quarter. WMS Group LLC acquired a new position in shares of Meta Platforms in the fourth quarter valued at approximately $876,000. Becker Capital Management Inc. increased its stake in Meta Platforms by 5.0% during the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock worth $25,741,000 after buying an additional 1,657 shares during the period. Diversified Trust Co. increased its stake in Meta Platforms by 4.1% during the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock worth $55,487,000 after buying an additional 3,336 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in Meta Platforms by 16.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock worth $5,091,000 after buying an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In related news, 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 sale, the insider directly owned 1,118 shares in the company, valued at $681,890.56. This trade represents a 65.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of 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. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 39,013 shares of company stock valued at $24,115,999. Corporate insiders own 13.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on META shares. BNP Paribas Exane assumed coverage on Meta Platforms in a report on Tuesday, June 2nd. They issued an "outperform" rating for the company. TD Cowen cut their price target on Meta Platforms from $820.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Benchmark assumed coverage on Meta Platforms in a research report on Tuesday, June 2nd. They issued a "buy" rating on the stock. Stifel Nicolaus decreased their price objective on Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a research note on Friday, May 1st. Finally, The Goldman Sachs Group downgraded Meta Platforms from a "buy" rating to a "sell" rating in a research report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $840.64.

Meta Platforms Stock Down 4.9%

Meta Platforms stock opened at $582.88 on Friday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $1.47 trillion, a PE ratio of 21.19, a P/E/G ratio of 1.08 and a beta of 1.25. The stock's fifty day moving average is $604.62 and its two-hundred day moving average is $628.52.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data 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 business 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 business's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.43 EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 29.46 EPS 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 $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms's dividend payout ratio is presently 7.63%.

Meta Platforms News Summary

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

• Positive Sentiment: Reports that Meta is building a cloud business to sell excess AI compute have fueled a sharp rally, as investors see a fresh way to turn heavy AI investment into revenue. Zuckerberg says AI agent development going slower than expected
• Positive Sentiment: Wall Street has reacted favorably to the cloud-compute plan, with analysts and media coverage suggesting the strategy could become a multi-billion-dollar business and improve META’s monetization profile. Meta's push into cloud computing means Wall Street has to prepare for lower margins
• Positive Sentiment: Unusual options activity showed strong investor demand for upside exposure, suggesting traders are positioning for further gains if Meta confirms the cloud strategy. Jim Cramer Says Meta Is Entering AI's 'Most Lucrative Game'
• Neutral Sentiment: Meta also rolled out a new AI-powered gaming app called Pocket, which highlights continued product experimentation but is not yet a major earnings driver. Meta quietly launches vibe-coded gaming app Pocket
• Neutral Sentiment: Meta announced it is joining a video distribution patent pool, which could reduce legal friction around video content but is unlikely to move the stock on its own. Access Advance Welcomes Meta Platforms, Inc. and Alibaba Group to the Video Distribution Patent Pool
• Negative Sentiment: Mark Zuckerberg said AI agent development has been progressing more slowly than expected, a reminder that Meta’s broader AI ambitions may take longer to pay off. Zuckerberg says AI agent development going slower than expected
• Negative Sentiment: India asked Meta to delay WhatsApp usernames over fraud concerns, adding regulatory risk around a feature tied to WhatsApp monetization and privacy efforts. India asks Meta to hold WhatsApp username rollout over fraud fears
• Negative Sentiment: Meta also lost a bid to dismiss a states’ lawsuit over Facebook and Instagram addiction claims, which keeps legal overhang in focus. Meta loses bid to dismiss states' lawsuit over Facebook and Instagram addiction claims

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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