Pacific Point Advisors LLC Sells 808 Shares of Meta Platforms, Inc. $META

Key Points

• Pacific Point Advisors LLC cut its stake in Meta by 35.1% in Q4, selling 808 shares and leaving 1,492 shares valued at about $985,000.
• Meta struck a multi‑year strategic deal with Broadcom to support its in‑house AI (MTIA) chips and committed to a multi‑gigawatt infrastructure rollout through 2029, a major move that de‑risks its chip roadmap and supports long‑term AI margin leverage.
• Insiders have been net sellers recently—160,414 shares worth roughly $102.66 million sold over the last three months (including the CFO's 56,571‑share sale for $36.47M)—even as institutional investors own ~79.9% of the stock and the MarketBeat consensus is a Moderate Buy with a $837.72 price target.

Pacific Point Advisors LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,492 shares of the social networking company's stock after selling 808 shares during the quarter. Pacific Point Advisors LLC's holdings in Meta Platforms were worth $985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its stake in Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock valued at $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Capital World Investors increased its stake in Meta Platforms by 0.7% in the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock valued at $28,823,375,000 after acquiring an additional 278,180 shares during the period. Invesco Ltd. increased its stake in Meta Platforms by 0.8% in the third quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock valued at $12,597,374,000 after acquiring an additional 142,229 shares during the period. Legal & General Group Plc increased its stake in Meta Platforms by 4.1% in the third quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company's stock valued at $10,525,258,000 after acquiring an additional 558,792 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Meta Platforms by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 13,619,341 shares of the social networking company's stock valued at $10,001,772,000 after acquiring an additional 481,276 shares during the period. Institutional investors own 79.91% of the company's stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta struck a multi‑year strategic deal with Broadcom to support its in‑house MTIA (training & inference) chips and committed to a large-scale (multi‑gigawatt / one‑gigawatt) infrastructure rollout through 2029 — a major capex and AI-infrastructure win that de‑risks Meta’s chip roadmap and supports long‑term AI margin leverage. Meta inks deal with Broadcom for custom AI chips
• Positive Sentiment: Industry data (eMarketer/WSJ coverage) projects Meta will overtake Google as the world’s largest digital‑ad seller this year — a bullish revenue narrative that supports higher ad monetization expectations heading into Q1 results. Meta poised surpass Google in digital ad revenue
• Positive Sentiment: Prominent investors and some sell‑side coverage continue to back Meta as a growth name (Bank of America, Philippe Laffont mentions, Bill Ackman interest), which can attract flows and support multiple expansion versus peers. Wall Street Firms Assert Meta as a Top Growth Stock
• Neutral Sentiment: Meta scheduled its Q1 2026 earnings release for April 29 — a near‑term catalyst where ad growth and AI spend commentary could move the stock materially. Meta to Announce First Quarter 2026 Results
• Neutral Sentiment: Several analysts trimmed price targets (Stifel, Wolfe Research) but maintained constructive ratings — modest recalibration rather than a broad sell‑signal; watch revisions after the April earnings print. Stifel target cut on META
• Neutral Sentiment: Company disclosed upcoming board changes (including director Hock E. Tan), which investors will monitor for governance and potential conflicts related to the Broadcom relationship. Meta Platforms Announces Upcoming Board of Directors Changes
• Negative Sentiment: An Italian court approved a class action over Facebook data scraping in Italy, exposing Meta to potential damages, legal costs and reputational risk in Europe. Italy court allows class action against Meta
• Negative Sentiment: Regulatory pressure persists — the Philippines ordered Meta to tighten measures against “panic‑inducing” fake news, and other jurisdictions’ scrutiny of platform content and scams could weigh on operations and compliance costs. Philippines Orders Meta to Tighten Measures
• Negative Sentiment: Internal AI experiments (e.g., a photorealistic AI likeness of Mark Zuckerberg for employees) have drawn critical press and could pose short‑term PR/reputational headwinds. Meta builds AI replica of Zuckerberg

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 2,461 shares of the company's stock in a transaction that occurred on Sunday, February 15th. The shares were sold at an average price of $639.77, for a total transaction of $1,574,473.97. Following the transaction, the chief operating officer directly owned 12,108 shares in the company, valued at approximately $7,746,335.16. This represents a 16.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 56,571 shares of the company's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $644.70, for a total transaction of $36,471,323.70. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 160,414 shares of company stock worth $102,659,925. Corporate insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America upped their target price on shares of Meta Platforms from $810.00 to $885.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Arete Research restated a "neutral" rating on shares of Meta Platforms in a research report on Thursday, March 5th. UBS Group restated a "buy" rating and issued a $872.00 price target (up from $830.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Guggenheim boosted their price target on shares of Meta Platforms from $800.00 to $850.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Finally, Barclays restated an "overweight" rating and issued a $800.00 price target (up from $770.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $837.72.

Meta Platforms Price Performance

Shares of META stock opened at $662.36 on Wednesday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm's 50 day moving average is $626.76 and its 200-day moving average is $651.90. The firm has a market capitalization of $1.68 trillion, a price-to-earnings ratio of 28.19, a PEG ratio of 0.98 and a beta of 1.31. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.16 by $0.72. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The company had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. During the same period in the prior year, the business earned $8.02 earnings per share. Meta Platforms's quarterly revenue was up 23.8% on a year-over-year basis. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, March 16th. Meta Platforms's dividend payout ratio is presently 8.94%.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

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.