Meta Platforms, Inc. $META Position Increased by Meyer Handelman Co.

Key Points

• Meyer Handelman Co. increased its Meta Platforms stake by 4.0% in the first quarter, ending with 68,107 shares valued at about $38.97 million.
• Meta continues to attract broad institutional support, with 79.91% of shares owned by institutional investors and hedge funds, even as some insiders sold stock over the last quarter.
• Recent coverage around Meta is mostly positive: the company is being highlighted as a market outperformer, its analyst consensus remains “Moderate Buy,” and it is expanding its AI smart glasses strategy with a cheaper $299 model.

Meyer Handelman Co. raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,107 shares of the social networking company's stock after purchasing an additional 2,625 shares during the quarter. Meta Platforms makes up approximately 1.2% of Meyer Handelman Co.'s holdings, making the stock its 25th biggest position. Meyer Handelman Co.'s holdings in Meta Platforms were worth $38,966,000 at the end of the most recent reporting period.

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

Meta Platforms News Summary

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

• Positive Sentiment: Meta is being highlighted as a market outperformer, with coverage noting it has exceeded broader market returns, reinforcing the view that investors still see strong fundamentals behind the stock. Article Title
• Positive Sentiment: Meta and EssilorLuxottica launched a cheaper new line of AI smart glasses starting at $299, which could expand adoption of its wearables strategy and support long-term growth. Article Title
• Positive Sentiment: Meta’s analyst consensus remains “Moderate Buy,” suggesting Wall Street still sees upside potential despite recent volatility. Article Title
• Positive Sentiment: Multiple pieces point to Meta being a preferred growth stock for long-term investors, including commentary citing billionaire Dan Loeb’s bullish stance. Article Title
• Neutral Sentiment: Coverage comparing Meta with Snap underscores Meta’s much larger revenue base and more consistent growth, but this is more of a fundamentals refresher than a new catalyst. Article Title
• Negative Sentiment: Reports that Google is limiting Meta’s use of Gemini AI models raise a potential constraint on Meta’s access to outside AI compute capacity, which could be a modest headwind for its AI development plans. Article Title

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 140 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $600.00, for a total value of $84,000.00. Following the sale, the chief operating officer directly owned 12,846 shares in the company, valued at approximately $7,707,600. This represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the 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 completion of the transaction, the insider directly owned 1,118 shares of the company's stock, valued at approximately $681,890.56. The trade was a 65.03% 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. Insiders have sold a total of 39,013 shares of company stock valued at $24,115,999 over the last quarter. 13.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on META shares. Wedbush upgraded shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a report on Tuesday, June 2nd. Stifel Nicolaus decreased their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a report on Friday, May 1st. Susquehanna upgraded Meta Platforms from a "positive" rating to a "positive" rating in a report on Tuesday, June 2nd. The Goldman Sachs Group cut Meta Platforms from a "buy" rating to a "sell" rating in a research report on Tuesday, June 2nd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $1,015.00 price objective on shares of Meta Platforms in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $840.60.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $562.60 on Tuesday. The firm has a market capitalization of $1.42 trillion, a PE ratio of 20.45, a PEG ratio of 0.97 and a beta of 1.23. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The business's 50 day moving average is $609.99 and its 200-day moving average is $629.84.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its 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. The firm 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%.Meta Platforms's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the business earned $6.43 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms's payout ratio is 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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