Meta Platforms, Inc. $META Shares Acquired by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors LLC increased its Meta Platforms stake by 12.4% in the first quarter, adding 6,729 shares to bring its total to 60,802 shares valued at about $34.8 million.
• Meta reported strong first-quarter earnings, posting $10.44 EPS and $56.31 billion in revenue, both above Wall Street expectations; revenue also rose 33.1% year over year.
• The stock has also seen heavy insider selling and mixed analyst sentiment, even as Meta continues to attract bullish coverage and maintains a consensus rating of Moderate Buy.

Fifth Third Wealth Advisors LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,802 shares of the social networking company's stock after acquiring an additional 6,729 shares during the period. Meta Platforms comprises about 1.2% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 15th biggest holding. Fifth Third Wealth Advisors LLC's holdings in Meta Platforms were worth $34,787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of META. Brown Lisle Cummings Inc. lifted its stake in shares of Meta Platforms by 3.5% in the first quarter. Brown Lisle Cummings Inc. now owns 9,843 shares of the social networking company's stock worth $5,632,000 after acquiring an additional 337 shares in the last quarter. OP Asset Management Ltd acquired a new stake in Meta Platforms during the 1st quarter valued at approximately $238,943,000. Banque Cantonale Vaudoise grew its stake in Meta Platforms by 6.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 46,200 shares of the social networking company's stock valued at $26,433,000 after purchasing an additional 2,937 shares in the last quarter. Apella Capital LLC increased its holdings in Meta Platforms by 19.5% during the 1st quarter. Apella Capital LLC now owns 6,852 shares of the social networking company's stock worth $3,920,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Meta Platforms by 75.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,545,158 shares of the social networking company's stock valued at $884,031,000 after purchasing an additional 664,243 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares of the company's stock, valued at approximately $681,890.56. This trade represents a 65.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% 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. Insiders sold a total of 39,013 shares of company stock valued at $24,115,999 over the last three months. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Trading Up 1.4%

Shares of NASDAQ:META opened at $550.25 on Friday. The company has a market cap of $1.39 trillion, a PE ratio of 20.00, a P/E/G ratio of 0.97 and a beta of 1.23. The company's 50-day moving average price is $612.28 and its 200 day moving average price is $630.76. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. 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 posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for 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%.The firm's revenue was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $6.43 EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. BNP Paribas Exane began coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an "outperform" rating for the company. Arete Research set a $735.00 price target on shares of Meta Platforms and gave the company a "buy" rating in a report on Tuesday, June 2nd. Weiss Ratings downgraded shares of Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Finally, KeyCorp reissued an "overweight" rating and issued a $760.00 target price on shares of Meta Platforms in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $840.60.

Key Meta Platforms News

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

• Positive Sentiment: Wedbush’s Dan Ives said Meta is being treated like a “bear market” stock despite its central role in the AI buildout, arguing the recent selloff is more about short-term impatience than a broken AI thesis.
• Positive Sentiment: Analyst commentary said Meta’s AI push is driving revenue growth, stronger ad engagement, and rising user activity, supporting the case for further upside.
• Positive Sentiment: Qualcomm’s new AI data-center push and partnerships with Meta and Microsoft reinforce Meta’s role in major AI infrastructure deals, which may support long-term growth expectations. Qualcomm stock jumps on AI data center push, Meta and Microsoft deals
• Positive Sentiment: One article framed Meta as one of the most attractive mega-cap tech names after the 2026 selloff, suggesting the stock could have meaningful recovery potential from current levels.
• Neutral Sentiment: Mark Zuckerberg is reportedly pushing Meta to explore working with prediction-market platforms Polymarket and Kalshi as part of an Arena app aimed at younger users, which could expand engagement but is still early-stage. Mark Zuckerberg Urges Meta to Explore Working With Polymarket and Kalshi
• Neutral Sentiment: Consumer-sentiment commentary said Meta continues to keep users on its platforms longer, but investor sentiment remains weighed down by AI spending concerns. Ca$htag$: Is META Winning Over Consumers?
• Negative Sentiment: Meta is facing fresh legal and reputational pressure after Sarah Wynn-Williams accused the company of surveilling her to silence criticism, adding to headline risk around the stock.
• Negative Sentiment: Multiple reports continue to highlight investor concern that Meta’s aggressive AI infrastructure spending is compressing near-term cash flow, which has been a major factor behind the stock’s weakness.

Meta Platforms 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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