Meta Platforms, Inc. $META Stock Holdings Lessened by TD Private Client Wealth LLC

Key Points

• TD Private Client Wealth LLC cut its Meta Platforms stake by 15.8% in the fourth quarter, selling 6,507 shares and leaving it with 34,557 shares worth about $22.8 million.
• Meta’s insider selling continued, with COO Javier Olivan and CFO Susan J. Li both selling shares under pre-arranged 10b5-1 plans; insiders have sold 95,471 shares worth roughly $60.6 million over the past three months.
• Analysts remain broadly positive on Meta, with an average rating of Moderate Buy and an average price target of $840.19; the company also recently beat quarterly earnings expectations with $10.44 EPS on $56.31 billion in revenue.

TD Private Client Wealth LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,557 shares of the social networking company's stock after selling 6,507 shares during the quarter. TD Private Client Wealth LLC's holdings in Meta Platforms were worth $22,811,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms in the 3rd quarter worth about $26,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms in the 4th quarter worth about $29,000. Key Capital Management INC bought a new position in shares of Meta Platforms in the 4th quarter worth about $48,000. Fairway Wealth LLC lifted its position in shares of Meta Platforms by 36.8% in the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock worth $51,000 after buying an additional 21 shares during the last quarter. Finally, Merrithew & Thorsten Inc bought a new position in shares of Meta Platforms in the 4th quarter worth about $52,000. 79.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 837 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $609.35, for a total transaction of $510,025.95. Following the sale, the chief operating officer directly owned 14,660 shares in the company, valued at approximately $8,933,071. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares in the company, valued at $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 95,471 shares of company stock worth $60,616,955. 13.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Tigress Financial raised their price target 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. Monness Crespi & Hardt lifted their price objective on shares of Meta Platforms from $808.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Citizens Jmp reiterated a "market outperform" rating and issued a $900.00 price objective on shares of Meta Platforms in a research report on Tuesday, April 21st. Mizuho cut their price objective on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 5th. Finally, Truist Financial cut their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Four equities research 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, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $840.19.

More Meta Platforms News

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

• Positive Sentiment: Investors are viewing Meta’s massive AI spending more favorably as analysts and market commentators argue the AI boom could last longer than expected, potentially strengthening the company’s competitive position. Article Title
• Positive Sentiment: Several recent pieces continue to frame Meta as a top long-term growth stock and a stock drawing increased investor attention, which can help reinforce bullish sentiment around the name. Article Title
• Neutral Sentiment: Meta is making a major workforce reduction in Washington state as part of a broader AI-driven restructuring, which may improve efficiency over time but also signals a significant internal reset. Article Title
• Neutral Sentiment: The company is also getting additional investor and public scrutiny around AI, jobs, and capital allocation, with commentary suggesting the market is still debating whether Meta’s heavy AI investment will pay off. Article Title
• Neutral Sentiment: JLens is urging shareholders to back a proposal demanding more transparency on content moderation, highlighting ongoing governance and brand-safety concerns ahead of the annual meeting. Article Title
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s challenge to Vermont’s social media addiction lawsuit, keeping legal exposure alive in a case centered on alleged harms to young users. Article Title
• Negative Sentiment: Meta also faces a new lawsuit from Santa Clara County over allegedly scam-related AI ads, adding another regulatory and reputational overhang tied to ad practices and user safety. Article Title

Meta Platforms Trading Up 0.3%

Shares of NASDAQ:META opened at $612.34 on Wednesday. The company has a market cap of $1.55 trillion, a PE ratio of 22.26, a P/E/G ratio of 1.08 and a beta of 1.25. The company's 50-day moving average price is $617.09 and its 200 day moving average price is $636.70. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. 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 issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $55.56 billion. During the same period last year, the firm posted $6.43 EPS. Meta Platforms's quarterly revenue was up 33.1% compared to the same quarter last year. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

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.

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.