Proem Advisors LLC Decreases Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Proem Advisors LLC cut its Meta stake by 62.9% in the fourth quarter, selling 22,000 shares and leaving it with 13,000 shares valued at about $8.58 million.
• Meta’s latest earnings beat expectations, with Q1 EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year.
• Insiders continued to sell shares, including COO Javier Olivan and CFO Susan J. Li, though the sales were made under pre-arranged 10b5-1 plans and tied to tax withholding on equity awards.

Proem Advisors LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,000 shares of the social networking company's stock after selling 22,000 shares during the quarter. Meta Platforms accounts for approximately 1.0% of Proem Advisors LLC's holdings, making the stock its 12th biggest position. Proem Advisors LLC's holdings in Meta Platforms were worth $8,581,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Valued Wealth Advisors LLC raised its position in Meta Platforms by 3.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 454 shares of the social networking company's stock worth $334,000 after buying an additional 14 shares during the last quarter. First National Bank Sioux Falls raised its position in Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock worth $1,321,000 after buying an additional 14 shares during the last quarter. Levin Capital Strategies L.P. increased its position in shares of Meta Platforms by 1.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after purchasing an additional 14 shares during the last quarter. Vista Capital Partners Inc. increased its position in shares of Meta Platforms by 1.3% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after purchasing an additional 14 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its position in shares of Meta Platforms by 2.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 539 shares of the social networking company's stock valued at $396,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Up 0.4%

Meta Platforms stock opened at $607.38 on Friday. The firm has a 50 day moving average of $618.57 and a 200 day moving average of $637.18. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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 firm's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.43 EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Javier Olivan sold 837 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $609.35, for a total value of $510,025.95. Following the completion of the sale, the chief operating officer directly owned 14,660 shares of the company's stock, valued at approximately $8,933,071. This represents a 5.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 13,186 shares of the company's stock, valued at $8,014,978.24. This 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 ninety days, insiders sold 152,728 shares of company stock valued at $96,925,217. 13.53% of the stock is owned by corporate insiders.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Several bullish takes argue Meta is undervalued relative to its earnings power, with strong profitability, buybacks, and AI investments that could support long-term growth if the company’s spending translates into revenue. Meta Platforms: A Call Option On The AI Race
• Positive Sentiment: Meta’s AI and product rollout efforts remain active, including expanded AI features in WhatsApp and renewed focus on smart glasses, which reinforce its long-term AI and AR strategy. Meta Platforms, Inc. (META) Expands AI Private Chats and Renewable Energy Deals
• Positive Sentiment: Analysts still see upside, with Wells Fargo only slightly trimming its target while maintaining an Overweight rating, suggesting Wall Street remains constructive on Meta’s AI infrastructure bet. Wells Fargo Trims Meta Platforms Price Target to $765
• Neutral Sentiment: Meta settled the first U.S. school-district lawsuit tied to social media addiction, reducing legal overhang for now, though broader litigation risk remains unresolved. Meta settles first US case over school costs tied to youth mental health
• Neutral Sentiment: CEO Mark Zuckerberg said he does not expect more companywide layoffs this year, which may calm employees but is unlikely to materially change the stock’s near-term outlook. Exclusive: Meta CEO tells employees he does not expect more company-wide layoffs this year
• Neutral Sentiment: Meta also continues to see insider sales and debate around layoffs, but those moves were largely tied to pre-arranged tax-withholding plans and are less likely to be a major market signal. Susan Li Sells 2,127 Shares of Meta Platforms
• Negative Sentiment: Meta’s biggest drag remains its aggressive AI spending, with 2026 capex guidance still extremely high and investors questioning whether layoffs will generate enough savings to offset that bill. Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
• Negative Sentiment: The company’s 10% workforce reduction and related restructuring have raised concerns about morale, execution risk, and whether management is cutting costs fast enough to support AI investments. Meta Begins Laying Off Thousands of Employees as It Transforms Around AI
• Negative Sentiment: Meta is also facing fresh regulatory and legal scrutiny, including EU complaints over handling financial scams and ongoing criticism tied to youth mental-health lawsuits. Google, Meta, TikTok face EU consumer complaints about handling of financial scams

Analyst Ratings Changes

META has been the subject of several research reports. Cantor Fitzgerald reduced their price target on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. UBS Group reduced their price target on shares of Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Pivotal Research reduced their price target on shares of Meta Platforms from $930.00 to $910.00 and set a "buy" rating for the company in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Meta Platforms in a research report on Friday, March 27th. Finally, TD Cowen reduced their price target on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $840.19.

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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