Meta Platforms, Inc. $META Shares Acquired by Renasant Bank

Key Points

• Renasant Bank nearly doubled its Meta stake in the fourth quarter, increasing holdings by 96.8% to 3,090 shares worth about $2.04 million. Meta now ranks as the bank’s 23rd-largest position.
• Wall Street remains broadly bullish on Meta, with analysts giving the stock a consensus “Moderate Buy” rating and an average price target of $840.31. Recent notes have been mixed, but most firms still rate the shares positively.
• Meta’s latest earnings beat expectations, reporting $10.44 EPS on $56.31 billion in revenue, both above estimates, with revenue up 33.1% year over year. The company also announced a small quarterly dividend, yielding about 0.3% annually.

Renasant Bank raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 96.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,090 shares of the social networking company's stock after purchasing an additional 1,520 shares during the quarter. Meta Platforms comprises 1.4% of Renasant Bank's holdings, making the stock its 23rd biggest position. Renasant Bank's holdings in Meta Platforms were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in META. Brighton Jones LLC boosted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares during the period. Headwater Capital Co Ltd raised its position in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after acquiring an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Meta Platforms during the second quarter worth $213,000. Finally, Capital & Planning LLC acquired a new position in Meta Platforms during the second quarter worth $322,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on META shares. Needham & Company LLC reiterated a "hold" rating on shares of Meta Platforms in a research report on Thursday, January 29th. Argus restated a "buy" rating and set a $800.00 price objective on shares of Meta Platforms in a research report on Monday, February 2nd. Jefferies Financial Group increased their target price on shares of Meta Platforms from $910.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. Morgan Stanley lowered their price objective on shares of Meta Platforms from $825.00 to $775.00 and set an "overweight" rating for the company in a research note on Monday, March 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $810.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $840.31.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction on Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 167,676 shares of company stock worth $107,299,848 in the last three months. Insiders own 13.61% of the company's stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Several analysts remain bullish on Meta Platforms, with recent notes from firms like BofA and Erste Group lifting earnings estimates or price targets after strong Q1 results, reinforcing expectations for meaningful upside. Article Title
• Positive Sentiment: Meta’s AI push is drawing attention as the company reportedly works on AI agents and improved models like Muse Spark, which could support new products and future monetization opportunities. Article Title
• Neutral Sentiment: Commentary pieces continue to frame Meta as an important AI and large-cap tech name, but these are mostly opinion-driven and do not add new fundamental information for the stock. Article Title
• Neutral Sentiment: Meta was also mentioned in a deal roundup about acquiring Assured Robot Intelligence, but the report provided little detail, so the market impact is unclear. Article Title
• Negative Sentiment: Reports highlighting employee dissatisfaction and impending layoffs suggest Meta’s AI transformation is creating internal friction, while also reminding investors that the company’s AI ambitions come with higher costs. Article Title
• Negative Sentiment: Investor concern remains centered on Meta’s enormous 2026 capex plan, estimated at $125 billion to $145 billion, which is fueling fears that profitability could come under pressure before AI investments pay off. Article Title

Meta Platforms Price Performance

META stock opened at $609.63 on Monday. 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 twelve month low of $520.26 and a twelve month high of $796.25. The company's 50 day moving average is $627.67 and its two-hundred day moving average is $645.30. The stock has a market cap of $1.54 trillion, a P/E ratio of 22.16, a PEG ratio of 1.07 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter last year, the company earned $6.43 earnings per share. The firm's revenue for the quarter was up 33.1% on a year-over-year basis. Research analysts expect that Meta Platforms, Inc. will post 29.68 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 16th. Meta Platforms's payout ratio is presently 7.63%.

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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