Sageworth Trust Co Grows Stock Position in Meta Platforms, Inc. $META

Key Points

• Sageworth Trust Co boosted its Meta Platforms stake by 258.3% in the first quarter, buying 1,392 additional shares and bringing its holdings to 1,931 shares worth about $1.105 million.
• Meta’s latest financial results were strong, with earnings of $10.44 per share versus $6.67 expected and revenue up 33.1% year over year to $56.31 billion.
• Analysts remain constructive on Meta despite some lower price targets, with a consensus rating of Moderate Buy and an average target price of $835.90; meanwhile, the company is pushing ahead with major AI investments, including a Louisiana data center expansion.

Sageworth Trust Co increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 258.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,931 shares of the social networking company's stock after buying an additional 1,392 shares during the quarter. Sageworth Trust Co's holdings in Meta Platforms were worth $1,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of META. Brighton Jones LLC lifted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in 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 raised its position in Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after purchasing an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Meta Platforms in the 2nd quarter worth about $213,000. Finally, Capital & Planning LLC bought a new stake in Meta Platforms in the second quarter worth about $322,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 3,348 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the transaction, the chief operating officer owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. This represents a 26.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the transaction, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 40,083 shares of company stock worth $24,628,719. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Meta Platforms stock opened at $656.73 on Tuesday. The company has a 50 day moving average price of $599.00 and a 200-day moving average price of $626.80. 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, 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 $1.66 trillion, a PE ratio of 23.87, a P/E/G ratio of 1.18 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the business earned $6.43 earnings per share. Meta Platforms's quarterly revenue was up 33.1% on a year-over-year basis. As a group, equities analysts forecast that Meta Platforms, Inc. will post 29.46 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms's dividend payout ratio is currently 7.63%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on META. Arete Research set a $735.00 target price on Meta Platforms and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Roth Capital reiterated a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Sanford C. Bernstein decreased their price target on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating for the company in a research note on Thursday, April 30th. Morgan Stanley dropped their price objective on Meta Platforms from $825.00 to $775.00 and set an "overweight" rating for the company in a report on Monday, March 30th. Finally, Wolfe Research cut their price objective on Meta Platforms from $850.00 to $800.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $835.90.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: UBS kept a buy rating on Meta while lowering its price target to $766 from $865, implying meaningful upside from current levels and signaling analysts still see room for gains despite recent volatility.
• Positive Sentiment: Multiple articles highlighted Meta’s expanded AI ambitions, including a major scale-up of its Louisiana Hyperion data center to 5 gigawatts and more than $50 billion in projected cost, reinforcing the company’s commitment to AI infrastructure and long-term growth.
• Positive Sentiment: Some market commentary framed Meta as one of the strongest mega-cap AI stories, citing its ability to fund AI investment with a profitable ad business and noting that its new AI model is priced well below rivals, which could help adoption.
• Neutral Sentiment: Several reports focused on technical factors, saying META looked overbought and near resistance, which may be contributing to short-term weakness rather than reflecting a change in fundamentals.
• Negative Sentiment: Investors are also weighing concerns that Meta’s AI spending is rising fast, with 2026 capex now expected at $125 billion to $145 billion, raising questions about near-term returns on investment and pressuring sentiment.
• Negative Sentiment: Meta pulled down an AI image tool after privacy backlash, and the company is facing criticism over AI advertising tools that allegedly create poor results for brands, adding reputational and regulatory noise.
• Negative Sentiment: Additional headlines noted a Chinese regulatory setback on a planned AI acquisition and an EU probe into Facebook and Instagram design features, which could increase legal and compliance uncertainty.

About Meta Platforms

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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