RNC Capital Management LLC Boosts Stake in Meta Platforms, Inc. $META

Key Points

• RNC Capital Management LLC increased its Meta Platforms stake by 32.1% in the fourth quarter, buying 3,259 additional shares and bringing its total holding to 13,416 shares worth about $8.86 million.
• Meta continues to attract significant institutional investor interest, with hedge funds and other institutions owning 79.91% of the company’s stock, even as some managers trimmed positions.
• The stock’s latest earnings report was strong, with Meta posting EPS of $10.44 versus estimates of $6.67 and revenue of $56.31 billion, up 33.1% year over year.

RNC Capital Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,416 shares of the social networking company's stock after buying an additional 3,259 shares during the period. RNC Capital Management LLC's holdings in Meta Platforms were worth $8,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of META. Brighton Jones LLC lifted its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of 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 valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd lifted its holdings in shares of 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 valued at $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms during the 2nd quarter valued at $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms during the 2nd quarter valued at $322,000. Hedge funds and other 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: Bill Ackman’s Pershing Square continues to hold Meta alongside other megacap AI leaders, reinforcing the view that META remains a core long-term AI and digital ads name. Microsoft, Meta, Amazon and Google. Is Ackman's Hedge Fund Just a Mag 7 Play?
• Positive Sentiment: Analysts and market commentary continue to point out that Meta’s latest earnings beat was strong, with faster revenue growth and better-than-expected EPS, which supports the bull case despite recent volatility. Meta Platforms Stock Performance
• Neutral Sentiment: Meta is getting attention as one of the most-watched stocks on Zacks, suggesting investors are closely focused on what comes next for AI spending, ad growth, and margins. Meta Platforms, Inc. (META) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Meta is still a key part of the AI trade, but commentary about an AI bubble and crowded megacap positioning is keeping sentiment cautious around the stock. UBS warns AI stocks are overheating as growth expectations collide with history
• Negative Sentiment: Meta’s CFO said 2026 capital expenditures are expected to keep rising, intensifying concerns that heavy AI infrastructure spending could weigh on free cash flow and near-term profitability. Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up
• Negative Sentiment: Meta is facing fresh legal and regulatory pressure, including a New Mexico youth-safety trial, an Italian lawsuit over minors’ social media use, and a California suit tied to AI scam ads and advertising practices. Meta and Google fund US kids' groups, as critics warn of social media risk
• Negative Sentiment: Some fund managers trimmed META holdings, which may add to near-term caution even though other investors increased exposure. ARK Investment’s Cathie Wood Cuts Meta Platforms Stake Sharply

Analyst Upgrades and Downgrades

Several brokerages have recently commented on META. Needham & Company LLC reiterated a "hold" rating on shares of Meta Platforms in a report on Thursday, January 29th. Bank of America decreased their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a report on Monday, April 20th. Pivotal Research decreased their price objective on Meta Platforms from $930.00 to $910.00 and set a "buy" rating for the company in a report on Thursday, January 29th. Rosenblatt Securities reiterated a "buy" rating and set a $1,015.00 price objective on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Wall Street Zen lowered Meta Platforms from a "buy" rating to a "hold" rating in a report on Saturday. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $840.31.

Meta Platforms Price Performance

NASDAQ META opened at $614.23 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The stock's fifty day moving average price is $622.18 and its 200 day moving average price is $640.72. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.08 and a beta of 1.25.

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, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm's revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned $6.43 EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 29.65 earnings per share for the current year.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 926 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $604.57, for a total transaction of $559,831.82. Following the sale, the chief operating officer directly owned 6,853 shares of the company's stock, valued at approximately $4,143,118.21. This trade represents a 11.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the stock in a transaction dated 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 directly owned 3,847 shares in the company, valued at $2,565,949. This represents a 13.10% 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. Insiders have sold a total of 169,231 shares of company stock worth $108,239,954 over the last ninety days. 13.61% of the stock is owned by insiders.

Meta Platforms 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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