Meta Platforms, Inc. $META Shares Purchased by Coronation Fund Managers Ltd.

Key Points

• Coronation Fund Managers Ltd. increased its stake in Meta Platforms by 57.3% in Q4 to 83,489 shares worth $55.11 million, making META 2.5% of the fund's portfolio and its 12th largest holding.
• Meta beat expectations in Q1 with EPS of $10.44 vs. a $6.67 estimate and $56.31 billion in revenue (up 33.1% YoY), and analysts currently have an average "Moderate Buy" rating with a $840.31 target.
• Heavy AI investment and related infrastructure spending (supported by supplier deals) bolster growth prospects, but the company faces significant legal and regulatory risks, including publisher copyright suits and other probes.

Coronation Fund Managers Ltd. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,489 shares of the social networking company's stock after purchasing an additional 30,409 shares during the period. Meta Platforms accounts for 2.5% of Coronation Fund Managers Ltd.'s portfolio, making the stock its 12th largest position. Coronation Fund Managers Ltd.'s holdings in Meta Platforms were worth $55,110,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. State Street Corp increased its position in Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the last quarter. Danske Bank A S acquired a new position in Meta Platforms during the third quarter worth approximately $1,191,175,000. Concentrum Wealth Management increased its position in Meta Platforms by 948.7% during the third quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock worth $913,000 after purchasing an additional 1,124,998 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Meta Platforms by 209.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 430,434 shares of the social networking company's stock worth $314,340,000 after purchasing an additional 824,276 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Meta Platforms during the third quarter worth approximately $540,634,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. Wall Street Zen raised shares of Meta Platforms from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Jefferies Financial Group increased their price objective on shares of Meta Platforms from $910.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. KeyCorp reissued an "overweight" rating and issued a $760.00 price objective on shares of Meta Platforms in a research report on Thursday, April 30th. Raymond James Financial dropped their price objective on shares of Meta Platforms from $825.00 to $800.00 and set a "strong-buy" rating for the company in a research report on Monday, January 26th. Finally, Wells Fargo & Company increased their price objective on shares of Meta Platforms from $765.00 to $770.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $840.31.

More Meta Platforms News

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

• Positive Sentiment: Strong Q1 execution — analysts and coverage emphasize Meta's beat on revenue and EPS and continued ad/margin strength, underpinning investor confidence in cash flow to fund AI investment. Meta: Keep Calm And Focus On Muse, Spark, And Record Revenue Growth
• Positive Sentiment: AI product roadmap — multiple reports (FT/Reuters) say Meta is building advanced, agentic personal AI assistants and consumer-facing agents, reinforcing the company's long-term TAM for AI monetization. This helps justify heavy capex for AI infrastructure. Meta plans advanced 'agentic' AI assistant for users, FT reports
• Positive Sentiment: Capex demand signal from suppliers — a MarketBeat piece highlights Corning's $6B supply deal with Meta as part of hyperscale optical contracts, signaling durable infrastructure spend that supports Meta’s AI buildout. Light Speed Returns: Corning Cashes In on NVIDIA Growth
• Neutral Sentiment: Insider activity — Meta COO Javier Olivan sold shares via a pre-arranged Rule 10b5‑1 plan (reported May 4), reducing his holdings; typical for planned programmatic selling and not an immediate red flag. SEC Filing: Javier Olivan ownership
• Neutral Sentiment: Analyst moves — Mizuho trimmed its price target slightly (from $850 to $835) but kept an outperform view, reflecting continued bullishness despite higher AI spending and elevated valuation debate. Benzinga coverage
• Negative Sentiment: Copyright suits and publisher litigation — major publishers (Elsevier, Macmillan, McGraw Hill, etc.) filed suits alleging Meta used copyrighted works to train Llama; litigation could lead to damages or costly settlements and increases model deployment risk. Major publishers sue Meta for copyright infringement over AI training
• Negative Sentiment: Regulatory & litigation pressure — Meta asked a judge to overturn a landmark social‑media addiction verdict and faces state actions seeking large damages; EU/Irish probes and potential orders on WhatsApp also raise compliance costs and uncertainty. Meta asks California judge to throw out landmark social media addiction verdict

Meta Platforms Price Performance

Meta Platforms stock opened at $612.88 on Thursday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The firm has a fifty day moving average of $628.12 and a 200-day moving average of $646.01. The firm has a market capitalization of $1.55 trillion, a P/E ratio of 22.28, a PEG ratio of 1.05 and a beta of 1.25. 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 released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business's quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.43 earnings per share. As a group, analysts predict that Meta Platforms, Inc. will post 30.03 EPS for the current year.

Meta Platforms Dividend Announcement

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

Insider Activity

In other news, COO Javier Olivan sold 2,778 shares of the company's 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 completion of the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at approximately $6,645,103.65. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 8,089 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer owned 2,841 shares of the company's stock, valued at $1,793,352.84. This trade represents a 74.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 168,193 shares of company stock worth $107,642,717. 13.61% of the stock is currently owned by company insiders.

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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