Rossmore Private Capital Buys 3,317 Shares of Meta Platforms, Inc. $META

Key Points

• Rossmore Private Capital increased its Meta stake by 63% in the fourth quarter, buying 3,317 additional shares and bringing its total holding to 8,585 shares valued at about $5.67 million.
• Meta continues to attract major institutional interest, with firms like Vanguard and State Street also adding shares; overall, institutional investors own 79.91% of the company.
• Analyst sentiment remains broadly positive despite some mixed moves, with Meta posting a strong latest quarter and Wall Street maintaining a Moderate Buy consensus and average price target of $840.19.

Rossmore Private Capital increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 63.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,585 shares of the social networking company's stock after buying an additional 3,317 shares during the period. Rossmore Private Capital's holdings in Meta Platforms were worth $5,667,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of META. Vanguard Group Inc. boosted its holdings in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after buying an additional 7,269,279 shares during the period. State Street Corp boosted its holdings 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 period. Danske Bank A S bought a new stake in shares of Meta Platforms during the 3rd quarter worth about $1,191,175,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Meta Platforms during the 4th quarter worth about $813,994,000. Finally, Concentrum Wealth Management boosted its holdings in shares of Meta Platforms by 948.7% during the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock worth $913,000 after buying an additional 1,124,998 shares during the period. Institutional investors own 79.91% of the company's stock.

More Meta Platforms News

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

• Positive Sentiment: Investors are viewing Meta’s massive AI spending more favorably as analysts and market commentators argue the AI boom could last longer than expected, potentially strengthening the company’s competitive position. Article Title
• Positive Sentiment: Several recent pieces continue to frame Meta as a top long-term growth stock and a stock drawing increased investor attention, which can help reinforce bullish sentiment around the name. Article Title
• Neutral Sentiment: Meta is making a major workforce reduction in Washington state as part of a broader AI-driven restructuring, which may improve efficiency over time but also signals a significant internal reset. Article Title
• Neutral Sentiment: The company is also getting additional investor and public scrutiny around AI, jobs, and capital allocation, with commentary suggesting the market is still debating whether Meta’s heavy AI investment will pay off. Article Title
• Neutral Sentiment: JLens is urging shareholders to back a proposal demanding more transparency on content moderation, highlighting ongoing governance and brand-safety concerns ahead of the annual meeting. Article Title
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s challenge to Vermont’s social media addiction lawsuit, keeping legal exposure alive in a case centered on alleged harms to young users. Article Title
• Negative Sentiment: Meta also faces a new lawsuit from Santa Clara County over allegedly scam-related AI ads, adding another regulatory and reputational overhang tied to ad practices and user safety. Article Title

Wall Street Analysts Forecast Growth

META has been the subject of several analyst reports. Wall Street Zen cut shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Robert W. Baird lifted their price objective 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. Guggenheim dropped their price objective on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. UBS Group dropped their price objective on shares of Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a research note on Friday, March 27th. Four equities 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 stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $840.19.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $612.34 on Wednesday. The company has a 50-day simple moving average of $617.09 and a two-hundred day simple moving average of $636.70. The stock has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 33.1% compared to the same quarter last year. During the same period in the previous year, the company earned $6.43 EPS. Analysts forecast that Meta Platforms, Inc. will post 29.49 EPS for the current year.

Insider Activity

In other news, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction that occurred on 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 directly owned 414 shares in the company, valued at approximately $251,641.62. The trade was a 94.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business's stock in a transaction that occurred on 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. The trade was a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 95,471 shares of company stock worth $60,616,955. 13.53% of the stock is currently owned by corporate 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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