Meta Platforms, Inc. $META Shares Bought by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management increased its Meta Platforms stake by 33.3% in the fourth quarter, buying 10,000 more shares to bring its total to 40,000 shares worth about $26.4 million.
• Meta reported strong first-quarter earnings, with EPS of $10.44 beating estimates and revenue of $56.31 billion topping forecasts, while revenue grew 33.1% year over year.
• Wall Street remains broadly positive on META, with analysts maintaining mostly Buy ratings and an average price target of $840.31, even as some firms trimmed their targets.

PKO Investment Management Joint Stock Co increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 33.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the social networking company's stock after purchasing an additional 10,000 shares during the quarter. Meta Platforms accounts for about 2.1% of PKO Investment Management Joint Stock Co's holdings, making the stock its 11th largest holding. PKO Investment Management Joint Stock Co's holdings in Meta Platforms were worth $26,404,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms during the third quarter valued at approximately $26,000. Key Capital Management INC acquired a new position in shares of Meta Platforms during the fourth quarter valued at approximately $48,000. Fairway Wealth LLC raised its holdings in shares of Meta Platforms by 36.8% during the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock valued at $51,000 after acquiring an additional 21 shares during the last quarter. Dorato Capital Management acquired a new position in shares of Meta Platforms during the fourth quarter valued at approximately $62,000. Finally, PMV Capital Advisers LLC raised its holdings in shares of Meta Platforms by 26.3% during the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company's stock valued at $63,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on META. UBS Group reduced their target price on Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Pivotal Research reduced their target price on Meta Platforms from $930.00 to $910.00 and set a "buy" rating for the company in a report on Thursday, January 29th. TD Cowen reduced their target price on Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Morgan Stanley reduced their target price on Meta Platforms from $825.00 to $775.00 and set an "overweight" rating for the company in a report on Monday, March 30th. Finally, Monness Crespi & Hardt increased their target price on Meta Platforms from $808.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $840.31.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 580 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $667.00, for a total value of $386,860.00. Following the completion of the transaction, the director directly owned 3,847 shares in the company, valued at approximately $2,565,949. This represents a 13.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 926 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $604.57, for a total value of $559,831.82. Following the completion of the transaction, the chief operating officer owned 6,853 shares of the company's stock, valued at $4,143,118.21. The trade was a 11.90% 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 sold 169,231 shares of company stock valued at $108,239,954 over the last 90 days. Company insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META stock opened at $616.63 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The business has a 50 day simple moving average of $623.98 and a 200-day simple moving average of $641.75. The firm has a market capitalization of $1.56 trillion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business's revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business earned $6.43 earnings per share. Equities research analysts anticipate that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Key Meta Platforms News

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

• Positive Sentiment: Meta is expanding WhatsApp’s privacy tools with a new “incognito” mode for AI chats, which could help ease user concerns and support adoption of its AI features. Reuters article on WhatsApp incognito mode
• Positive Sentiment: The company also introduced more private messaging and sharing products, including an Instagram feature and additional AI privacy controls, which may help strengthen engagement and user trust over time. CNET article on Instagram Instants
• Neutral Sentiment: Meta is reportedly preparing to monetize WhatsApp more aggressively through a premium subscription model, which could eventually add high-margin recurring revenue, but the financial impact is still speculative. Seeking Alpha article on WhatsApp Plus
• Negative Sentiment: Santa Clara County filed a lawsuit accusing Meta of profiting from scam ads on Facebook and Instagram, adding to concerns that the company may face restitution, damages, and stricter oversight of its ad systems. Business Wire article on Santa Clara County complaint
• Negative Sentiment: Reuters reported that Meta is challenging New Mexico’s proposed $3.7 billion remedy in the teen mental health trial, underscoring the scale of potential liabilities from social media-related lawsuits. Reuters article on New Mexico trial
• Negative Sentiment: Separate reports said Meta lost a court fight in Italy over paying publishers for news snippets, reinforcing that international regulation could create additional costs and legal pressure. Reuters article on Italian publishers ruling

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.