Odyssey Capital Advisors Inc. Acquires Shares of 1,028 Meta Platforms, Inc. $META

Key Points

• Odyssey Capital Advisors disclosed a new stake in Meta Platforms, buying 1,028 shares in the fourth quarter worth about $679,000.
• Other institutional investors also increased or initiated positions, and Meta remains heavily owned by institutions, with about 79.91% of shares held by hedge funds and other institutional investors.
• Meta is drawing attention for new monetization efforts, including subscription plans for Facebook, Instagram, WhatsApp, and AI products, while its core ad business continues to show strong momentum.

Odyssey Capital Advisors Inc. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,028 shares of the social networking company's stock, valued at approximately $679,000.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares during the period. Headwater Capital Co Ltd boosted its stake in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after purchasing an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Meta Platforms during the 2nd quarter worth $213,000. Finally, Capital & Planning LLC acquired a new stake in Meta Platforms during the 2nd quarter worth $322,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, opening a new recurring-revenue stream and giving investors a clearer path beyond ads. Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Meta is also testing paid AI subscription tiers, signaling another monetization lever for its fast-growing AI products. Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
• Positive Sentiment: CEO Mark Zuckerberg said a Meta cloud computing business is “definitely on the table” if the company ends up with excess data-center capacity, hinting at a possible long-term expansion into a large enterprise market. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Positive Sentiment: Reports said Meta’s ad business remains strong, with AI features improving engagement and pricing power, reinforcing the company’s core earnings engine. META Rides on Solid Momentum in Ad Business: A Sign of More Upside?
• Neutral Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, but it does not by itself change fundamentals.
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s appeal in a Vermont social-media addiction case, allowing a legal challenge over teen safety and app design to proceed. US Supreme Court won't hear Meta's challenge to Vermont social media addiction lawsuit
• Negative Sentiment: Meta also faces fresh scrutiny from a Santa Clara County lawsuit alleging it profited from scam ads, adding to regulatory and legal overhangs. Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

Meta Platforms Stock Performance

Shares of META opened at $635.26 on Thursday. The company has a 50-day simple moving average of $617.25 and a 200-day simple moving average of $636.82. 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 company has a market capitalization of $1.61 trillion, a PE ratio of 23.09, a P/E/G ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business's revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.43 EPS. Equities research analysts predict that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on META shares. KeyCorp restated an "overweight" rating and issued a $760.00 target price on shares of Meta Platforms in a research note on Thursday, April 30th. TD Cowen reduced their target price on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Robert W. Baird raised their target price on shares of Meta Platforms from $815.00 to $830.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Royal Bank Of Canada restated an "outperform" rating and issued a $810.00 target price on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Scotiabank raised their target price on shares of Meta Platforms from $685.00 to $700.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 29th. Four 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $840.19.

Insider Activity

In other news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, COO Javier Olivan sold 2,778 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the transaction, the chief operating officer owned 10,557 shares of the company's stock, valued at $6,645,103.65. This represents a 20.83% decrease in their position. 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. Insiders sold 95,471 shares of company stock worth $60,616,955 in the last 90 days. 13.53% of the stock is currently owned by corporate insiders.

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.

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