Sequoia Financial Advisors LLC Has $150.96 Million Position in Meta Platforms, Inc. $META

Key Points

• Sequoia Financial Advisors LLC increased its Meta Platforms stake by 4.6% in the first quarter, buying 11,517 more shares and bringing its total holding to 263,851 shares worth about $150.96 million.
• Wall Street sentiment on META remains mostly positive, with an average analyst rating of “Moderate Buy” and a consensus price target of $835.90.
• Meta continues to show strong fundamentals, recently beating earnings expectations with $10.44 EPS and $56.31 billion in revenue, while also benefiting from investor focus on its expanding AI investments.

Sequoia Financial Advisors LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,851 shares of the social networking company's stock after buying an additional 11,517 shares during the quarter. Meta Platforms makes up 0.8% of Sequoia Financial Advisors LLC's portfolio, making the stock its 26th largest position. Sequoia Financial Advisors LLC's holdings in Meta Platforms were worth $150,957,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of META. First National Bank Sioux Falls raised its holdings in Meta Platforms by 0.7% during the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock worth $1,321,000 after acquiring an additional 14 shares in the last quarter. Levin Capital Strategies L.P. grew its stake in Meta Platforms by 1.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after purchasing an additional 14 shares in the last quarter. Vista Capital Partners Inc. grew its stake in Meta Platforms by 1.3% in the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after purchasing an additional 14 shares in the last quarter. Arcataur Capital Management LLC increased its position in shares of Meta Platforms by 0.9% during the 4th quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock worth $1,146,000 after purchasing an additional 15 shares during the last quarter. Finally, Acorn Creek Capital LLC increased its position in shares of Meta Platforms by 0.7% during the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock worth $1,398,000 after purchasing an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

META has been the subject of several recent analyst reports. BNP Paribas Exane assumed coverage on Meta Platforms in a report on Tuesday, June 2nd. They issued an "outperform" rating for the company. Guggenheim lowered their target price on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Wall Street Zen lowered shares of Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Piper Sandler began coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued an "overweight" rating for the company. Finally, Raymond James Financial raised shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $835.90.

More Meta Platforms News

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

• Positive Sentiment: Multiple pieces highlighted Meta’s expanding AI strategy, including reports that it is building out custom chips and massive computing capacity, with some commentary suggesting Meta could even broaden into cloud services. That supports the view that META is investing aggressively to stay competitive in AI. How Meta Platforms (META) Is Strengthening Its AI Infrastructure With Custom Chips and Massive Computing Expansion
• Positive Sentiment: Several market articles argued that investors are still warming to Meta ahead of its next earnings report, pointing to strong ad growth, AI engagement, and continued long-term demand for its platforms. This is helping sentiment around the stock. Meta Platforms, Inc. (META) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Meta announced it will release second-quarter 2026 results on July 29, keeping attention on the upcoming earnings print. That event is adding anticipation, but it is not a direct operational surprise yet. Meta to Announce Second Quarter 2026 Results
• Neutral Sentiment: Some analysts are debating valuation and capital spending, with concerns that heavy AI capex could pressure free cash flow even if revenue remains strong. That creates a valuation headwind, but it is still largely a longer-term debate. Meta Q2 Preview: CAPEX And Free Cash Flow In Focus
• Negative Sentiment: Meta is facing a new lawsuit from former employees alleging it used AI tools and workplace metrics to target workers on medical, parental, or other protected leave during layoffs. That raises legal and reputational risk for META. Meta used AI to target workers with medical conditions for layoffs, former employees' lawsuit claims

Meta Platforms Stock Up 3.1%

META stock opened at $681.31 on Thursday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The business's 50 day simple moving average is $601.49 and its 200 day simple moving average is $626.86. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.72 trillion, a PE ratio of 24.77, a PEG ratio of 1.17 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 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 business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter last year, the firm posted $6.43 EPS. The company's quarterly revenue was up 33.1% on a year-over-year basis. As a group, research analysts anticipate that Meta Platforms, Inc. will post 29.42 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total value of $303,875.00. Following the transaction, the director directly owned 3,443 shares of the company's stock, valued at $2,092,483.25. This represents a 12.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. This trade represents a 65.03% 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. In the last 90 days, insiders sold 39,503 shares of company stock worth $24,241,859. 13.53% of the stock is owned by insiders.

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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