S Harris Financial Group LLC Makes New Investment in Meta Platforms, Inc. $META

Key Points

• S Harris Financial Group opened a new position in Meta during the fourth quarter, buying 1,890 shares valued at about $1.25 million. Meta now makes up roughly 1.2% of the firm’s portfolio.
• Institutional interest remains strong, with several other hedge funds also adding Meta shares and 79.91% of the stock owned by institutional investors overall.
• Meta continues to get support from its AI expansion and strong operating results, but it also faces headline risks from an executive exit, security concerns around AI tools, and ongoing regulatory pressure.

S Harris Financial Group LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,890 shares of the social networking company's stock, valued at approximately $1,248,000. Meta Platforms accounts for approximately 1.2% of S Harris Financial Group LLC's portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EJMK Ventures LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth about $1,250,000. Targeted Financial Services LLC bought a new stake in shares of Meta Platforms in the fourth quarter worth about $441,000. WMS Group LLC purchased a new position in Meta Platforms during the 4th quarter valued at about $876,000. Tulsa Wealth Advisors INC purchased a new position in Meta Platforms during the 4th quarter valued at about $4,916,000. Finally, Bank of Hawaii raised its position in Meta Platforms by 9.0% during the 4th quarter. Bank of Hawaii now owns 22,290 shares of the social networking company's stock valued at $14,713,000 after purchasing an additional 1,835 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for 'AI for work' transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 504 shares of the firm's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $317,162.16. Following the completion of the transaction, the director directly owned 3,943 shares in the company, valued at $2,481,290.47. This trade represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the transaction, the insider directly owned 1,118 shares of the company's stock, valued at approximately $681,890.56. This represents a 65.03% decrease in their position. 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. Over the last three months, insiders have sold 40,568 shares of company stock valued at $25,057,365. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $577.22 on Friday. The company has a 50 day simple moving average of $621.27 and a two-hundred day simple moving average of $634.15. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter in the prior year, the business posted $6.43 EPS. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. Analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's payout ratio is 7.63%.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. UBS Group cut Meta Platforms from a "buy" rating to a "neutral" rating in a report on Tuesday, June 2nd. Tigress Financial upped their target price on Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a report on Wednesday, March 18th. Erste Group Bank lowered Meta Platforms from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Rosenblatt Securities reissued a "buy" rating and set a $1,015.00 price objective on shares of Meta Platforms in a research report on Thursday, May 28th. Finally, Wedbush upgraded shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $840.60.

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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