Summa Corp. Makes New Investment in Meta Platforms, Inc. $META

Key Points

• Summa Corp. opened a new position in Meta in Q4, buying 884 shares (~$584,000), while institutional investors own 79.91% of the stock and insiders have sold roughly 160,414 shares (~$102.7M) over the past 90 days.
• Earnings beat: Meta reported Q4 EPS of $8.88 vs. $8.16 expected and revenue of $59.89B (up 23.8% YoY), trading at a $1.68T market cap with a PE of 28.19 and PEG of 0.98.
• Strategic catalysts include a multi‑year deal with Broadcom for custom AI chips and data suggesting Meta could surpass Google in digital ad revenue, but the company faces regulatory and legal headwinds (e.g., an Italian class action and fines/scrutiny in the Philippines).

Summa Corp. bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 884 shares of the social networking company's stock, valued at approximately $584,000.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares in the last quarter. Capital World Investors increased its holdings in Meta Platforms by 0.7% in the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock worth $28,823,375,000 after purchasing an additional 278,180 shares in the last quarter. Invesco Ltd. increased its holdings in Meta Platforms by 0.8% in the third quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock worth $12,597,374,000 after purchasing an additional 142,229 shares in the last quarter. Legal & General Group Plc increased its holdings in Meta Platforms by 4.1% in the third quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company's stock worth $10,525,258,000 after purchasing an additional 558,792 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Meta Platforms by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 13,619,341 shares of the social networking company's stock worth $10,001,772,000 after purchasing an additional 481,276 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of META opened at $662.36 on Wednesday. The firm has a market cap of $1.68 trillion, a PE ratio of 28.19, a PEG ratio of 0.98 and a beta of 1.31. The stock's fifty day moving average price is $626.76 and its two-hundred day moving average price is $651.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.16 by $0.72. The firm had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The business's revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the company posted $8.02 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were paid a $0.525 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 8.94%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 580 shares of the business's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $632.02, for a total value of $366,571.60. Following the sale, the director directly owned 4,427 shares in the company, valued at $2,797,952.54. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 56,571 shares of the business's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,414 shares of company stock worth $102,659,925 over the last ninety days. 13.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

META has been the subject of several recent research reports. Rosenblatt Securities decreased their price objective on Meta Platforms from $1,144.00 to $1,015.00 and set a "buy" rating for the company in a report on Thursday, April 9th. Erste Group Bank downgraded Meta Platforms from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. KeyCorp decreased their price objective on Meta Platforms from $855.00 to $760.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Tigress Financial boosted their price objective on Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a report on Wednesday, March 18th. Finally, Barclays restated an "overweight" rating and set a $800.00 price objective (up from $770.00) on shares of Meta Platforms in a report on Thursday, January 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average price target of $837.72.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta struck a multi‑year strategic deal with Broadcom to support its in‑house MTIA (training & inference) chips and committed to a large-scale (multi‑gigawatt / one‑gigawatt) infrastructure rollout through 2029 — a major capex and AI-infrastructure win that de‑risks Meta’s chip roadmap and supports long‑term AI margin leverage. Meta inks deal with Broadcom for custom AI chips
• Positive Sentiment: Industry data (eMarketer/WSJ coverage) projects Meta will overtake Google as the world’s largest digital‑ad seller this year — a bullish revenue narrative that supports higher ad monetization expectations heading into Q1 results. Meta poised surpass Google in digital ad revenue
• Positive Sentiment: Prominent investors and some sell‑side coverage continue to back Meta as a growth name (Bank of America, Philippe Laffont mentions, Bill Ackman interest), which can attract flows and support multiple expansion versus peers. Wall Street Firms Assert Meta as a Top Growth Stock
• Neutral Sentiment: Meta scheduled its Q1 2026 earnings release for April 29 — a near‑term catalyst where ad growth and AI spend commentary could move the stock materially. Meta to Announce First Quarter 2026 Results
• Neutral Sentiment: Several analysts trimmed price targets (Stifel, Wolfe Research) but maintained constructive ratings — modest recalibration rather than a broad sell‑signal; watch revisions after the April earnings print. Stifel target cut on META
• Neutral Sentiment: Company disclosed upcoming board changes (including director Hock E. Tan), which investors will monitor for governance and potential conflicts related to the Broadcom relationship. Meta Platforms Announces Upcoming Board of Directors Changes
• Negative Sentiment: An Italian court approved a class action over Facebook data scraping in Italy, exposing Meta to potential damages, legal costs and reputational risk in Europe. Italy court allows class action against Meta
• Negative Sentiment: Regulatory pressure persists — the Philippines ordered Meta to tighten measures against “panic‑inducing” fake news, and other jurisdictions’ scrutiny of platform content and scams could weigh on operations and compliance costs. Philippines Orders Meta to Tighten Measures
• Negative Sentiment: Internal AI experiments (e.g., a photorealistic AI likeness of Mark Zuckerberg for employees) have drawn critical press and could pose short‑term PR/reputational headwinds. Meta builds AI replica of Zuckerberg

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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