May Hill Capital LLC Purchases 5,303 Shares of Meta Platforms, Inc. $META

Key Points

• May Hill Capital LLC nearly doubled its Meta Platforms stake in the fourth quarter, buying 5,303 additional shares and bringing its total holding to 10,746 shares worth about $7.09 million.
• Meta continues to draw strong institutional interest, with major holders like Vanguard and State Street adding shares and institutional investors owning 79.91% of the company.
• Meta’s latest earnings beat expectations, with quarterly EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion, while analysts remain broadly bullish with a consensus Moderate Buy rating and average target of $840.19.

May Hill Capital LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 97.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,746 shares of the social networking company's stock after acquiring an additional 5,303 shares during the period. Meta Platforms accounts for about 0.9% of May Hill Capital LLC's investment portfolio, making the stock its 19th largest position. May Hill Capital LLC's holdings in Meta Platforms were worth $7,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in META. Vanguard Group Inc. raised its stake in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. State Street Corp raised its stake in Meta Platforms by 1.9% during the 2nd 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. Danske Bank A S bought a new stake in Meta Platforms during the 3rd quarter worth approximately $1,191,175,000. PFA Pension Forsikringsaktieselskab bought a new stake in Meta Platforms during the 4th quarter worth approximately $813,994,000. Finally, Concentrum Wealth Management raised its stake in Meta Platforms by 948.7% during the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock worth $913,000 after acquiring an additional 1,124,998 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

Shares of META opened at $610.26 on Tuesday. The company's fifty day moving average is $617.12 and its 200 day moving average is $636.87. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.54 trillion, a PE ratio of 22.18, a P/E/G ratio of 1.08 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 announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company 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 earnings per share. Meta Platforms's quarterly revenue was up 33.1% on a year-over-year basis. Sell-side analysts expect that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

Meta Platforms News Summary

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 Upgrades and Downgrades

META has been the topic of a number of recent analyst reports. Bank of America decreased their target price on shares of Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a research note on Monday, April 20th. Wedbush lifted their price objective on shares of Meta Platforms from $880.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Roth Mkm reiterated a "buy" rating on shares of Meta Platforms in a research report on Thursday, April 30th. Canaccord Genuity Group lifted their price objective on shares of Meta Platforms from $900.00 to $930.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Meta Platforms from $808.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $840.19.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 837 shares of Meta Platforms stock in a transaction on Monday, May 18th. The shares were sold at an average price of $609.35, for a total transaction of $510,025.95. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, CFO Susan J. Li sold 9,195 shares of Meta Platforms stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the transaction, the chief financial officer directly owned 13,186 shares of the company's stock, valued at $8,014,978.24. The trade was a 41.08% 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 have sold 95,471 shares of company stock worth $60,616,955. 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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