Sageworth Trust Co Sells 6,915 Shares of Meta Platforms, Inc. $META

Key Points

• Sageworth Trust Co cut its Meta Platforms stake by 92.8% in the fourth quarter, selling 6,915 shares and leaving it with 539 shares valued at about $356,000.
• Meta reported a strong quarter, with EPS of $10.44 beating estimates of $6.67 and revenue of $56.31 billion, up 33.1% year over year.
• Despite the earnings beat, the stock was down 0.7% and the article highlights ongoing concerns around heavy AI capital spending, regulatory pressure, and some investors trimming their positions.

Sageworth Trust Co trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 92.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 539 shares of the social networking company's stock after selling 6,915 shares during the period. Sageworth Trust Co's holdings in Meta Platforms were worth $356,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms in the 3rd quarter valued at $26,000. Key Capital Management INC bought a new position in shares of Meta Platforms in the 4th quarter valued at $48,000. Fairway Wealth LLC lifted its stake in shares of Meta Platforms by 36.8% in the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock valued at $51,000 after acquiring an additional 21 shares during the last quarter. Dorato Capital Management bought a new position in shares of Meta Platforms in the 4th quarter valued at $62,000. Finally, PMV Capital Advisers LLC lifted its stake in shares of Meta Platforms by 26.3% in the 4th quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company's stock valued at $63,000 after acquiring an additional 20 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 0.7%

Shares of NASDAQ:META opened at $614.23 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $622.18 and a 200 day simple moving average of $640.72. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The firm has a market cap of $1.55 trillion, a P/E ratio of 22.33, a P/E/G ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping 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 the consensus estimate of $55.56 billion. During the same period last year, the business posted $6.43 EPS. The business's revenue was up 33.1% compared to the same quarter last year. Analysts predict that Meta Platforms, Inc. will post 29.65 earnings per share for the current year.

Key Meta Platforms News

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

Insider Transactions at Meta Platforms

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 completion of the sale, the chief operating officer directly owned 6,853 shares in the company, valued at approximately $4,143,118.21. This trade represents a 11.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 owned 3,847 shares of the company's stock, valued at approximately $2,565,949. The trade was 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. Over the last quarter, insiders have sold 160,352 shares of company stock valued at $102,559,436. Company insiders own 13.61% of the company's stock.

Analyst Ratings Changes

META has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on Meta Platforms from $900.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Wall Street Zen lowered Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday. Cantor Fitzgerald lowered their target price on Meta Platforms from $850.00 to $750.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. UBS Group lowered their target price on Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Finally, Truist Financial lowered their target price on Meta Platforms from $900.00 to $840.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $840.31.

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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