Transcendent Capital Group LLC Sells 761 Shares of Meta Platforms, Inc. $META

Key Points

• Transcendent Capital Group LLC cut its stake in Meta by 50.6%, selling 761 shares and retaining 742 shares worth about $490,000 per its latest 13F filing.
• Meta announced a multiyear, multibillion-dollar AWS Graviton5 deal and plans to cut ~10% of its workforce and freeze hiring to fund AI investments, while analysts have raised price targets and maintain a generally bullish consensus (average target ~ $837).
• Insider selling has been notable — CFO Susan Li sold 56,571 shares for ~$36.5M and insiders sold 166,117 shares over the past three months, even as institutional ownership remains near 79.9%.

Transcendent Capital Group LLC reduced its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 50.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742 shares of the social networking company's stock after selling 761 shares during the quarter. Transcendent Capital Group LLC's holdings in Meta Platforms were worth $490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldstone Financial Group LLC lifted its holdings in shares of Meta Platforms by 44.4% in the 3rd quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company's stock valued at $2,756,000 after acquiring an additional 1,153 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Meta Platforms by 34.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company's stock valued at $38,373,000 after acquiring an additional 13,311 shares during the last quarter. Becker Capital Management Inc. lifted its holdings in shares of Meta Platforms by 5.0% in the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock valued at $25,741,000 after acquiring an additional 1,657 shares during the last quarter. Diversified Trust Co. lifted its holdings in shares of Meta Platforms by 4.1% in the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after acquiring an additional 3,336 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Meta Platforms by 16.2% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock valued at $5,091,000 after acquiring an additional 968 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on META. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $900.00 price target (up from $870.00) on shares of Meta Platforms in a report on Thursday, January 29th. Barclays reissued an "overweight" rating and issued a $800.00 price objective (up from $770.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Scotiabank increased their price objective on shares of Meta Platforms from $685.00 to $700.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 29th. Mizuho increased their price objective on shares of Meta Platforms from $815.00 to $850.00 and gave the stock an "outperform" rating in a research report on Thursday, January 29th. Finally, Piper Sandler increased their price objective on shares of Meta Platforms from $840.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $837.09.

Meta Platforms News Summary

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

• Positive Sentiment: Meta signed a multiyear, multibillion-dollar agreement to deploy tens of millions of AWS Graviton5 cores to power its agentic AI workloads — investors view this as a scalable, cost-efficient way to boost AI capacity and cut future capex risk. Meta strikes deal with Amazon's cloud unit to use its CPU chips
• Positive Sentiment: Management announced plans to cut ~10% of the workforce (~8,000 roles) and freeze hiring for ~6,000 openings to "run more efficiently" and offset AI investments — a move markets often reward when paired with heavy AI capex. Meta will cut 10% of workforce as it pushes more into AI
• Positive Sentiment: Analyst support and buy-side interest (price-target upgrades and bullish notes on AI-driven ad monetization) are reinforcing the upside narrative around revenue and margins. Guggenheim reaffirms buy and sets $850 target
• Neutral Sentiment: Insider sales by the COO were disclosed (executed under a Rule 10b5‑1 plan) — routine but noted by traders watching insider activity. SEC filing: Javier Olivan insider sales
• Negative Sentiment: Staff reactions describe weeks of limbo and morale damage ("28 days of hell") ahead of the May cuts, raising execution and product-risk concerns if key teams are disrupted. Meta employees react to pending job cuts
• Negative Sentiment: Reports that Meta is tracking employee keystrokes and web usage to train AI models raise privacy/ethical questions and potential regulatory scrutiny that could create reputational or legal costs. Meta is tracking employee usage for AI training
• Negative Sentiment: Ongoing legal/ESG pressures (court rulings, shareholder proposals on human rights and AI energy/climate impacts) remain a medium-term headwind for sentiment and could spur additional disclosures or costs. Meta faces new ESG pressures

Insider Transactions at Meta Platforms

In other news, CFO Susan J. Li sold 56,571 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 2,778 shares of the firm's stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at approximately $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 166,117 shares of company stock valued at $106,367,778. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $675.50 on Friday. The firm has a market cap of $1.71 trillion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.31. The firm's 50 day simple moving average is $628.34 and its 200-day simple moving average is $649.62. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, topping analysts' consensus estimates of $8.16 by $0.72. The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The company's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company posted $8.02 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 29.83 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 8.94%.

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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