ProVise Management Group LLC Has $15.70 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• ProVise Management Group LLC raised its stake in Meta by 9.8% in Q4 to 23,790 shares, valued at approximately $15.70 million.
• Meta beat Q1 expectations, reporting EPS of $10.44 (vs. $6.67 est.) and revenue of $56.31B (up 33.1% YoY), with AI-driven ad pricing cited as a key growth driver and analysts holding a consensus "Moderate Buy" target of $840.31.
• Mounting risks include major publisher copyright lawsuits, EU/Irish regulatory probes, a New Mexico youth‑harm trial and large near‑term capex (including ~$13B data‑center financing), any of which could raise costs, fines or pressure free cash flow.

ProVise Management Group LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,790 shares of the social networking company's stock after purchasing an additional 2,116 shares during the period. ProVise Management Group LLC's holdings in Meta Platforms were worth $15,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after buying an additional 1,650,435 shares during the last quarter. Danske Bank A S bought a new position in Meta Platforms in the third quarter valued at about $1,191,175,000. Concentrum Wealth Management grew its position in Meta Platforms by 948.7% in the third quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock valued at $913,000 after acquiring an additional 1,124,998 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Meta Platforms by 209.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 430,434 shares of the social networking company's stock worth $314,340,000 after acquiring an additional 824,276 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $540,634,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Mizuho decreased their target price on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their price target on Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a report on Friday, May 1st. Scotiabank lifted their price objective on Meta Platforms from $685.00 to $700.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 29th. Wedbush boosted their price objective on Meta Platforms from $880.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, January 29th. Finally, Piper Sandler restated an "overweight" rating and set a $800.00 target price (down from $880.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus target price of $840.31.

Meta Platforms Stock Performance

NASDAQ META opened at $604.96 on Wednesday. The company has a fifty day moving average price of $628.61 and a 200-day moving average price of $646.71. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period last year, the firm earned $6.43 earnings per share. The firm's revenue was up 33.1% on a year-over-year basis. As a group, equities research analysts predict that Meta Platforms, Inc. will post 29.59 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.63%.

Insider Buying and Selling

In other news, COO Javier Olivan sold 629 shares of the firm's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $670.84, for a total transaction of $421,958.36. Following the completion of the sale, the chief operating officer directly owned 2,372 shares of the company's stock, valued at $1,591,232.48. This trade represents a 20.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of Meta Platforms stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $667.00, for a total value of $386,860.00. Following the sale, the director owned 3,847 shares in the company, valued at $2,565,949. The trade was a 13.10% decrease in their ownership of the stock. 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 have sold 166,638 shares of company stock valued at $106,697,681 over the last ninety days. 13.61% of the stock is currently owned by company insiders.

Meta Platforms News Roundup

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

• Positive Sentiment: Q1 beat and AI-driven ad pricing — Meta reported stronger-than-expected revenue and EPS, with AI-powered ad tools and pricing cited as driving high revenue growth and improved monetization, supporting upside case for ad margins and cash flow. Meta: Keep Calm And Focus On Muse, Spark And Record Revenue Growth
• Neutral Sentiment: Expansion of teen-safety and age-verification tech — Meta announced it will roll out new AI safeguards for teens across 27 EU countries and to Facebook in the U.S., including visual AI checks to help flag under‑13 accounts; this may reduce regulatory pressure but could carry implementation costs and user-friction risk. Meta to expand teen safeguards to 27 EU countries, Facebook safeguards in June
• Neutral Sentiment: Product roadmap: advanced 'agentic' AI assistant — FT/Reuters report that Meta is building a highly personalized AI assistant that can act on users' behalf. Positive for long-term engagement but highlights why investors are watching rising AI R&D and capex. Meta plans advanced 'agentic' AI assistant for users, FT reports
• Neutral Sentiment: Big capex and data‑center financing — Bloomberg/Reuters report Meta is lining up ~ $13B financing for an El Paso data center, underscoring heavy near‑term cash commitments that support growth but pressure free cash flow. Meta taps Morgan Stanley, JPMorgan for El Paso data center deal, Bloomberg News reports
• Negative Sentiment: New Mexico youth‑harm trial and potential remedies — State seeks sweeping changes and up to $3.7B plus injunction-style platform changes in ongoing trial alleging harm to children; a court order could force product changes and sizable remediation costs. New Mexico seeks changes to Meta platforms in youth harm trial
• Negative Sentiment: Major publishers sue over AI training — Large publishers (Elsevier, Macmillan, McGraw Hill, Hachette, etc.) filed copyright suits alleging Meta used books and journals to train Llama; litigation could lead to damages, injunctive relief or changes to data‑use practices. Major publishers sue Meta for copyright infringement over AI training
• Negative Sentiment: EU/Irish regulatory scrutiny — Ireland opened probes into Instagram/Facebook algorithmic personalization and Meta is contesting an EU order that could force rival AI chatbot access on WhatsApp; regulatory actions could impose operational constraints or fines. Ireland probles Meta's Instagram, Facebook over EU manipulation concerns Meta seeks to fend off EU order to allow rival AI chatbots on WhatsApp at hearing
• Negative Sentiment: Reputational/legal fallout and shareholder scrutiny — Reuters won a Pulitzer on Meta investigations into harmful chatbots/fraudulent ads; law firms and shareholder groups are probing the board for oversight breaches, increasing litigation and governance risk. Reuters wins beat reporting Pulitzer for Meta investigations

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.

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.