Meta Platforms, Inc. $META Shares Purchased by Advanced Portfolio Management LLC

Key Points

• Advanced Portfolio Management LLC dramatically increased its Meta stake in the fourth quarter, boosting holdings by 6,969.4% to 2,545 shares worth about $1.68 million. Meta now represents 5.1% of the fund’s portfolio and its third-largest position.
• Meta insiders have been selling shares, including COO Javier Olivan and insider Curtis J. Mahoney, with total insider sales reaching 40,568 shares worth about $25.1 million over the last 90 days. The sales were made under pre-arranged 10b5-1 trading plans.
• Despite some stock weakness, analysts remain broadly constructive on Meta: the stock was down 5.4% and recently traded near $567.58, but the company posted strong quarterly results and carries a consensus “Moderate Buy” rating with an average price target of $840.60.

Advanced Portfolio Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6,969.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,545 shares of the social networking company's stock after purchasing an additional 2,509 shares during the quarter. Meta Platforms accounts for approximately 5.1% of Advanced Portfolio Management LLC's holdings, making the stock its 3rd biggest position. Advanced Portfolio Management LLC's holdings in Meta Platforms were worth $1,680,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms in the 3rd quarter valued at $26,000. RHL Group LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $29,000. Key Capital Management INC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $48,000. Finally, Entrust Financial LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $48,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the 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 sale, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. This represents a 65.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 140 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $600.00, for a total transaction 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 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 40,568 shares of company stock valued at $25,057,365 in the last 90 days. 13.53% of the stock is currently owned by insiders.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta said Threads has reached 500 million monthly active users, while new community features and feed controls could improve engagement and strengthen the long-term value of its social platform. Reuters: Meta's Threads reaches 500 million monthly users, rolls out new features
• Positive Sentiment: Meta rolled out AI search and creative tools across Facebook, which analysts say could open a new monetization opportunity and support future ad growth. Proactive Investors: Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
• Positive Sentiment: Bank of America reiterated a Buy view on Meta, citing AI strategy as a key growth catalyst, which may help support investor confidence in the company’s long-term earnings potential. Insider Monkey: BofA reiterates Buy rating on Meta Platforms
• Neutral Sentiment: Meta is expected to pay its next quarterly dividend next week, a routine shareholder return that is supportive but unlikely to be a major near-term stock driver. Finbold: Meta to pay dividends next week
• Negative Sentiment: Reuters reported that a Meta executive overseeing part of the company’s AI-for-work restructuring is leaving, adding to concerns about execution during a major AI transition. Reuters: Meta head of product for 'AI for work' transformation is leaving company
• Negative Sentiment: Two SEC filings showed COO Javier Olivan sold shares under a pre-arranged 10b5-1 plan, which can still weigh on sentiment even though the sales were scheduled. SEC filing for Javier Olivan transaction
• Negative Sentiment: Recent commentary has also focused on Meta’s heavy AI spending, Reality Labs losses, and valuation concerns, reinforcing fears that profit growth could slow if investment remains elevated. Zacks: Meta Platforms is Overvalued at 5.5X PS

Meta Platforms Stock Down 5.4%

Shares of NASDAQ:META opened at $567.58 on Thursday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company's 50-day moving average price is $621.93 and its two-hundred day moving average price is $635.05. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.44 trillion, a P/E ratio of 20.63, a P/E/G ratio of 1.06 and a beta of 1.23.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS 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 firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the prior year, the firm earned $6.43 EPS. The company's revenue was up 33.1% on a year-over-year basis. As a group, research analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend 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 is currently 7.63%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on META. Mizuho dropped their price objective on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a research note on Tuesday, May 5th. Cantor Fitzgerald dropped their target price on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Tigress Financial increased their target price on shares of Meta Platforms from $935.00 to $945.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, March 18th. KeyCorp reiterated an "overweight" rating and set a $760.00 target price on shares of Meta Platforms in a research report on Thursday, April 30th. Finally, Arete Research set a $735.00 target price on shares of Meta Platforms and gave the stock a "buy" 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $840.60.

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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