Meta Platforms, Inc. $META Position Boosted by Resonant Capital Advisors LLC

Key Points

• Resonant Capital Advisors LLC increased its Meta Platforms stake by 19.3% in the first quarter, buying 2,445 additional shares and bringing its total to 15,121 shares valued at about $8.65 million.
• Meta is drawing bullish attention for its AI and cloud strategy, including a new AI model launch, broader developer access, and plans for an in-house AI chip that could lower compute costs and reduce reliance on Nvidia and AMD.
• Despite some valuation and regulatory concerns, Meta recently posted strong quarterly results, with EPS of $10.44 and revenue of $56.31 billion, both beating estimates; analysts currently rate the stock a Moderate Buy on average.

Resonant Capital Advisors LLC increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 19.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,121 shares of the social networking company's stock after purchasing an additional 2,445 shares during the period. Resonant Capital Advisors LLC's holdings in Meta Platforms were worth $8,651,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First National Bank Sioux Falls grew its position in shares of Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock worth $1,321,000 after acquiring an additional 14 shares in the last quarter. Levin Capital Strategies L.P. raised its position in shares of Meta Platforms by 1.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after acquiring an additional 14 shares in the last quarter. Vista Capital Partners Inc. lifted its stake in Meta Platforms by 1.3% during the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock worth $794,000 after purchasing an additional 14 shares during the last quarter. Arcataur Capital Management LLC lifted its stake in Meta Platforms by 0.9% during the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock worth $1,146,000 after purchasing an additional 15 shares during the last quarter. Finally, Acorn Creek Capital LLC lifted its stake in Meta Platforms by 0.7% during the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock worth $1,398,000 after purchasing an additional 15 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta’s latest AI push is drawing bullish attention, including the launch of Muse Spark 1.1, expanded developer access through its Model API, and reports that the company plans to start producing an in-house AI chip in September. Investors are betting these moves could lower compute costs, reduce reliance on Nvidia and AMD, and open new revenue streams beyond advertising. Article Title
• Positive Sentiment: Meta is also benefiting from optimism around its cloud and AI infrastructure ambitions, including a new C$13 billion data center in Alberta and commentary that the company may be building a stronger long-term “AI revenue stack” than the market currently prices in. Article Title
• Positive Sentiment: Several analysts and commentators are still constructive on META, with bullish notes saying the stock looks attractively valued relative to its AI growth potential and that recent weakness created an opportunity for long-term investors. Article Title
• Neutral Sentiment: Citizens JMP trimmed its price target to $800 from $825 while maintaining an outperform rating, suggesting continued upside but a slightly more cautious near-term view on valuation and spending. Article Title
• Negative Sentiment: Meta faces renewed regulatory risk after the European Union said Facebook and Instagram may violate the Digital Services Act with “addictive” design features such as infinite scroll, autoplay, and push notifications, potentially exposing the company to fines and product changes. Article Title
• Negative Sentiment: Separate reporting also highlighted investor concern that Meta’s aggressive AI capex could pressure margins if monetization takes longer than expected, even though the market is currently rewarding the strategy. Article Title

Wall Street Analysts Forecast Growth

Several analysts have weighed in on META shares. Barclays boosted their target price on shares of Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. The Goldman Sachs Group lowered shares of Meta Platforms from a "buy" rating to a "sell" rating in a report on Tuesday, June 2nd. Roth Capital reaffirmed a "buy" rating on shares of Meta Platforms in a research report on Thursday, April 30th. Finally, Erste Group Bank upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $838.26.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, CTO Andrew Bosworth sold 7,847 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief technology officer owned 414 shares of the company's stock, valued at $251,641.62. This trade represents a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 40,083 shares of company stock worth $24,628,719 over the last ninety days. Insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

Shares of META opened at $669.21 on Monday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The stock's fifty day moving average is $598.11 and its 200-day moving average is $626.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter in the prior year, the company posted $6.43 earnings per share. The company's quarterly revenue was up 33.1% compared to the same quarter last year. Equities analysts anticipate that Meta Platforms, Inc. will post 29.46 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was 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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