Oak Associates Ltd. OH Has $53.40 Million Position in Meta Platforms, Inc. $META

Key Points

• Oak Associates reduced its Meta position by 5.8% in the first quarter, selling 5,779 shares and retaining 93,337 shares valued at approximately $53.4 million. Meta represents about 3.6% of the fund’s holdings.
• Meta reported quarterly EPS of $10.44, far above the $6.67 analyst consensus, while revenue rose 33.1% year over year to $56.31 billion. The company also announced a quarterly dividend of $0.525 per share.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $835.64, though investors remain focused on rising AI spending, uncertain returns on infrastructure investment and ongoing legal risks.

Oak Associates Ltd. OH reduced its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,337 shares of the social networking company's stock after selling 5,779 shares during the quarter. Meta Platforms makes up about 3.6% of Oak Associates Ltd. OH's holdings, making the stock its 6th largest position. Oak Associates Ltd. OH's holdings in Meta Platforms were worth $53,401,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Keybank National Association OH raised its holdings in Meta Platforms by 15.7% during the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock valued at $88,319,000 after acquiring an additional 18,169 shares during the period. WMS Group LLC bought a new position in shares of Meta Platforms in the fourth quarter worth $876,000. Consolidated Investment Group LLC grew its position in shares of Meta Platforms by 61.2% in the fourth quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock valued at $5,215,000 after purchasing an additional 3,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. Finally, Third View Private Wealth LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at $27,789,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $593.87 on Tuesday. The stock's 50-day simple moving average is $604.17 and its two-hundred day simple moving average is $625.06. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 21.59, a P/E/G ratio of 1.01 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 issued 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. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter last year, the company posted $6.43 EPS. The company's revenue for the quarter was up 33.1% on a year-over-year basis. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Key Meta Platforms News

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

• Positive Sentiment: Analysts and investors see Meta as attractively valued ahead of Wednesday’s earnings, with estimates suggesting its forward earnings multiple is below historical norms and the broader market. Meta’s record of 13 consecutive earnings beats raises the possibility of another upside surprise. Meta Platforms: Time To Be Greedy
• Positive Sentiment: Revenue growth is expected to benefit from user expansion, higher advertising prices and increased ad volume. Meta is also expanding Meta AI by placing its chatbot in Threads direct messages, potentially increasing engagement and creating additional monetization opportunities over time. Threads users can now chat with Meta AI in their DMs
• Positive Sentiment: Supporters argue Meta can absorb elevated capital expenditures, including as much as $145 billion in 2026 AI spending, because of its strong cash generation and advertising business. Its AI infrastructure plans could also create opportunities to sell excess computing capacity at premium prices. Meta Can Absorb Capex Trouble
• Neutral Sentiment: Meta reports results after the market closes Wednesday, and options traders are pricing a sizable post-earnings move. The report, guidance and commentary on AI returns and spending will likely determine the stock’s near-term direction. Meta Reports Earnings Wednesday
• Negative Sentiment: Concerns about rising costs, heavy capital expenditures and uncertain returns on AI investments are weighing on sentiment. The broader technology sector has recently seen investors sell or fail to reward stocks even after strong earnings, contributing to Meta’s recent decline. Meta Q2 Earnings Loom
• Negative Sentiment: Meta faces ongoing legal and reputational risks. Tennessee attorneys allege that company leadership ignored internal research about Instagram’s effects on teenagers, while a separate lawsuit alleges failures to prevent abuse on Meta’s platforms. Adverse rulings or regulatory action could increase costs and constrain product practices. Meta disregarded its own research on teen harm

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 3,348 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares of the company's stock, valued at $5,708,013.06. The trade was a 26.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the transaction, the director directly owned 3,443 shares in the company, valued at $2,092,483.25. The trade was a 12.68% 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 sold a total of 36,393 shares of company stock worth $22,141,163 over the last three months. 13.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on META shares. BNP Paribas Exane began coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued an "outperform" rating for the company. Rosenblatt Securities reiterated a "buy" rating and set a $1,015.00 price target on shares of Meta Platforms in a research report on Thursday, May 28th. Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a report on Tuesday, June 2nd. Truist Financial cut their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Finally, Stifel Nicolaus decreased their target price on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $835.64.

Meta Platforms Company 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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