McLaughlin Asset Management Inc. Buys Shares of 3,370 Meta Platforms, Inc. $META

Key Points

• McLaughlin Asset Management opened a new position in Meta Platforms during the fourth quarter, buying 3,370 shares worth about $2.23 million. Meta now makes up roughly 2.0% of the firm’s portfolio.
• Institutional interest in Meta remains high, with hedge funds and other investors continuing to add shares; overall, institutions own about 79.91% of the company. At the same time, insiders have been selling stock, including recent sales by Curtis J. Mahoney and COO Javier Olivan.
• Analysts are mostly positive on META, with a consensus rating of Moderate Buy and an average price target of $840.60. Recent company updates also highlight Meta’s AI expansion, new creator tools, and Threads growth, even as regulatory and security risks remain in focus.

McLaughlin Asset Management Inc. purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,370 shares of the social networking company's stock, valued at approximately $2,225,000. Meta Platforms accounts for about 2.0% of McLaughlin Asset Management Inc.'s portfolio, making the stock its 13th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Keybank National Association OH raised its stake in Meta Platforms by 15.7% during the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after acquiring an additional 18,169 shares during the period. Becker Capital Management Inc. boosted its position in shares of Meta Platforms by 5.0% in the third quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock worth $25,741,000 after purchasing an additional 1,657 shares during the period. Diversified Trust Co. increased its stake in shares of Meta Platforms by 4.1% in the fourth quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock worth $55,487,000 after purchasing an additional 3,336 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in shares of Meta Platforms by 16.2% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock worth $5,091,000 after purchasing an additional 968 shares in the last quarter. Finally, Consolidated Investment Group LLC raised its position in shares of Meta Platforms by 61.2% during the 4th quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock valued at $5,215,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. The trade was a 65.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 2,778 shares of the company's stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the sale, the chief operating officer directly owned 10,557 shares in the company, valued at $6,645,103.65. This trade represents a 20.83% 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 90 days, insiders have sold 40,568 shares of company stock worth $25,057,365. 13.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on META. Raymond James Financial raised shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a report on Tuesday, June 2nd. TD Cowen dropped their price objective on Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Mizuho cut their target price on Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a research report on Tuesday, May 5th. Tigress Financial lifted their target price on Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a research note on Wednesday, March 18th. Finally, BNP Paribas Exane initiated coverage on Meta Platforms in a report on Tuesday, June 2nd. They issued an "outperform" rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $840.60.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta is expanding its AI infrastructure by signing new computing deals with Crusoe, which should help support its long-term AI buildout and capacity needs. Reuters: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta continues to strengthen its AI-led growth narrative through data center expansion in India and new creator-focused AI tools on Facebook, both of which could improve engagement and future monetization. Insider Monkey: Meta rolls out new AI features on Facebook for content creators
• Positive Sentiment: Threads has reached 500 million monthly active users, and Meta is adding new community and feed features, reinforcing the company’s platform growth beyond Facebook and Instagram. Yahoo Finance: Meta reaches 500 million Threads users
• Neutral Sentiment: Meta’s COO Javier Olivan disclosed another pre-planned stock sale, which is notable but not necessarily a fundamental signal since it was executed under a 10b5-1 plan. InsiderTrades: Meta COO sells stock
• Neutral Sentiment: Meta’s dividend and long-term shareholder-return profile are supportive, but this is unlikely to be the main short-term stock driver. Finbold: Meta to pay dividends next week
• Negative Sentiment: Reuters reported that Meta is lobbying Congress for legal protection from child-harm lawsuits, keeping regulatory and litigation risk in focus for investors. Reuters: Meta lobbies Congress for protection from child-harm lawsuits
• Negative Sentiment: Concerns around AI execution also weighed on sentiment after Reuters said a key executive overseeing Meta’s “AI for work” transformation is leaving the company. Reuters: Meta head of product for AI for work transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI customer support chatbot to compromise Instagram accounts, raising trust and security concerns around its AI tools. Yahoo Finance: Meta faces AI support breach as key internal AI executive exits

Meta Platforms Stock Up 1.7%

Shares of META stock opened at $577.22 on Friday. The company's fifty day simple moving average is $621.98 and its two-hundred day simple moving average is $634.55. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The stock has a market cap of $1.46 trillion, a P/E ratio of 20.98, a PEG ratio of 1.01 and a beta of 1.23. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter last year, the business posted $6.43 earnings per share. The business's quarterly revenue was up 33.1% compared to the same quarter last year. Analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) 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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