Meta Platforms, Inc. $META is New York Life Investment Management LLC's 10th Largest Position

Key Points

• New York Life Investment Management increased its Meta stake by 2.7% in the fourth quarter, holding 303,463 shares valued at about $200.3 million. Meta is now the firm’s 10th largest position and makes up 1.7% of its portfolio.
• Meta continues to draw mixed investor attention: several institutions added to their holdings, and 79.91% of the stock is owned by hedge funds and other institutional investors. Meanwhile, insiders have been selling shares, including COO Javier Olivan and CTO Andrew Bosworth.
• Analysts remain broadly positive after Meta’s strong quarterly results, which beat expectations on both earnings per share and revenue. The stock currently carries a Moderate Buy consensus rating with a price target around $840.19.

New York Life Investment Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,463 shares of the social networking company's stock after acquiring an additional 7,947 shares during the quarter. Meta Platforms accounts for 1.7% of New York Life Investment Management LLC's holdings, making the stock its 10th largest position. New York Life Investment Management LLC's holdings in Meta Platforms were worth $200,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of META. Brighton Jones LLC increased its position in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares in the last quarter. Headwater Capital Co Ltd increased its position in shares of Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after buying an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms in the second quarter valued at approximately $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms in the second quarter valued at approximately $322,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

More Meta Platforms News

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

• Positive Sentiment: Meta launched a standalone “Forum” app for Facebook Groups, signaling a new product push that could deepen user engagement and add pressure to competitors like Reddit. Meta quietly launches a new Reddit-like app called Forum
• Positive Sentiment: Meta is cutting jobs and shifting resources toward AI, which investors may view as an efficiency move that supports long-term profit margins and keeps the company focused on its biggest growth area. Meta Cuts 8,000 Jobs, Boosts AI Team: What This Means for Employees
• Neutral Sentiment: Meta also settled a school-district lawsuit over alleged social media addiction harms, removing one legal overhang, though the broader regulatory and litigation risk around its platforms remains. Texas sues Meta, WhatsApp over encryption privacy claims
• Neutral Sentiment: Other headlines around Meta’s dual-class control structure, insider share sales, and broader AI spending debate are adding to the narrative, but they are less likely to drive the stock on their own than the new app launch and workforce reshaping.
• Negative Sentiment: The Texas attorney general’s lawsuit against Meta and WhatsApp over encryption and privacy claims adds another legal risk for investors to monitor. Google, Meta, TikTok face EU consumer complaints about handling of financial scams
• Negative Sentiment: Competition concerns are also in focus after Meta’s Forum app appeared to pressure Reddit shares, reinforcing worries that Meta’s scale lets it copy or crowd out rival social platforms.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on META shares. Wedbush boosted their price objective on Meta Platforms from $880.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Tigress Financial boosted their price objective on Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a research report on Wednesday, March 18th. Needham & Company LLC restated a "hold" rating on shares of Meta Platforms in a research report on Thursday, January 29th. Citigroup restated an "outperform" rating on shares of Meta Platforms in a research report on Thursday, January 29th. Finally, DA Davidson lifted their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $840.19.

Meta Platforms Stock Up 0.5%

Shares of META opened at $610.26 on Friday. 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, Inc. has a one year low of $520.26 and a one year high of $796.25. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.08 and a beta of 1.25. The stock has a 50 day moving average price of $617.68 and a 200 day moving average price of $637.00.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $55.56 billion. During the same period in the previous year, the business earned $6.43 earnings per share. The firm's revenue for the quarter was up 33.1% on a year-over-year basis. Equities research analysts forecast that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 2,778 shares of the business's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares of the company's stock, valued at approximately $6,645,103.65. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 152,728 shares of company stock valued at $96,925,217. 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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