Meta Platforms, Inc. $META Shares Bought by Corient Private Wealth LLC

Key Points

• Corient Private Wealth LLC increased its Meta Platforms stake by 21.7% in the fourth quarter, adding 201,632 shares to bring its total to 1,131,151 shares valued at about $746.99 million.
• Meta reported a strong last quarter, with EPS of $10.44 beating estimates and revenue of $56.31 billion topping expectations, while revenue rose 33.1% year over year.
• Wall Street sentiment remains largely positive, with a Moderate Buy consensus and a $840.60 average target price, though some recent headlines highlight AI execution, security, and regulatory risks.

Corient Private Wealth LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,131,151 shares of the social networking company's stock after buying an additional 201,632 shares during the period. Meta Platforms makes up approximately 0.9% of Corient Private Wealth LLC's holdings, making the stock its 15th largest holding. Corient Private Wealth LLC's holdings in Meta Platforms were worth $746,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Westchester Capital Management Inc. purchased a new position in Meta Platforms in the 3rd quarter valued at approximately $26,000. RHL Group LLC purchased a new stake in Meta Platforms during the fourth quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the fourth quarter valued at $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms in the fourth quarter valued at $29,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms in the fourth quarter valued at $42,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META stock opened at $577.22 on Monday. The firm has a 50-day moving average price of $621.27 and a 200 day moving average price of $634.10. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The company has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.02 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 (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the company earned $6.43 EPS. Research analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on META shares. Piper Sandler began coverage on shares of Meta Platforms in a research report on Tuesday, June 2nd. They issued an "overweight" rating on the stock. Benchmark began coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They set a "buy" rating for the company. Royal Bank Of Canada restated an "outperform" rating and set a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Raymond James Financial raised shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group lowered shares of Meta Platforms from a "buy" rating to a "sell" rating in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $840.60.

Meta Platforms News Roundup

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

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for 'AI for work' transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 140 shares of Meta Platforms stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $600.00, for a total value of $84,000.00. Following the completion of the sale, the chief operating officer directly owned 12,846 shares of the company's stock, valued at approximately $7,707,600. The trade was a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were 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 owned 1,118 shares of the company's stock, valued at $681,890.56. This trade represents 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. Over the last 90 days, insiders have sold 39,013 shares of company stock worth $24,115,999. 13.53% of the stock is owned by insiders.

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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