Three Bridge Wealth Advisors LLC Acquires 951 Shares of Meta Platforms, Inc. $META

Key Points

• Three Bridge Wealth Advisors increased its Meta stake by 2.6% in the fourth quarter, buying 951 more shares and bringing its total to 38,044 shares valued at about $25.1 million.
• Meta reported strong first-quarter results, with EPS of $10.44 beating estimates and revenue of $56.31 billion, up 33.1% year over year.
• Analysts remain broadly positive on META, but the article also highlights mixed developments including insider stock sales, EU antitrust pressure, and concerns over AI rollout delays and cybersecurity issues.

Three Bridge Wealth Advisors LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,044 shares of the social networking company's stock after buying an additional 951 shares during the period. Meta Platforms comprises about 6.6% of Three Bridge Wealth Advisors LLC's holdings, making the stock its 4th largest position. Three Bridge Wealth Advisors LLC's holdings in Meta Platforms were worth $25,112,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in META. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms during the third quarter worth about $26,000. RHL Group LLC purchased a new position in shares of Meta Platforms during the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC purchased a new position in shares of Meta Platforms during the fourth quarter worth about $29,000. Key Capital Management INC purchased a new position in shares of Meta Platforms during the fourth quarter worth about $48,000. Finally, Entrust Financial LLC purchased a new position in shares of Meta Platforms during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other news, CFO Susan J. Li sold 9,195 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares in the company, valued at $681,890.56. This 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. Over the last ninety days, insiders sold 41,305 shares of company stock valued at $25,567,928. Corporate insiders own 13.53% of the company's stock.

Key Meta Platforms News

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

• Positive Sentiment: Meta continues to be viewed as a major AI winner, with Truist calling out a potential next $20 billion business and analysts remaining bullish on the company’s long-term earnings power.
• Positive Sentiment: The company’s $115 million workforce academy and related data-center training initiatives reinforce its aggressive AI infrastructure buildout and commitment to scaling capacity.
• Positive Sentiment: Meta’s Best Buy partnership to showcase AI glasses and VR headsets could help drive consumer interest and future hardware adoption.
• Negative Sentiment: EU regulators ordered Meta to restore WhatsApp access for rival AI chatbots, adding antitrust pressure and potentially weakening Meta’s platform advantage.
• Negative Sentiment: A newly reported AI bug that enabled Instagram account takeovers raises fresh cybersecurity and trust concerns for the platform.
• Negative Sentiment: Reports that Meta has delayed a key AI rollout are fueling concern that monetization of its AI investments may take longer than expected.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on META shares. Barclays raised their price target on Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. KeyCorp reissued an "overweight" rating and set a $760.00 price target on shares of Meta Platforms in a report on Thursday, April 30th. Sanford C. Bernstein lowered their price target on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating on the stock in a report on Thursday, April 30th. Mizuho lowered their price target on Meta Platforms from $850.00 to $835.00 and set an "outperform" rating on the stock in a report on Tuesday, May 5th. Finally, Bank of America lowered their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a report on Monday, April 20th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $840.60.

Meta Platforms Trading Down 0.1%

Shares of META opened at $584.59 on Wednesday. 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's 50-day moving average is $620.77 and its two-hundred day moving average is $636.68. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The firm has a market capitalization of $1.48 trillion, a P/E ratio of 21.25, a PEG ratio of 1.04 and a beta of 1.23.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its 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 net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the business posted $6.43 earnings per share. The firm's revenue for the quarter was up 33.1% compared to the same quarter last year. On average, research analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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 given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms's dividend payout ratio is presently 7.63%.

Meta Platforms 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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