Triasima Portfolio Management inc. Cuts Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Triasima Portfolio Management cut its Meta Platforms stake by 29% in the fourth quarter, selling 3,094 shares and leaving it with 7,558 shares valued at about $4.99 million.
• Meta reported a strong quarter, with EPS of $10.44 versus $6.67 expected and revenue up 33.1% year over year to $56.31 billion, showing continued momentum in its core business.
• Analysts remain mostly positive overall despite some target cuts, with Meta carrying a Moderate Buy consensus and an average price target of $840.31; however, several insiders recently sold shares.

Triasima Portfolio Management inc. trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,558 shares of the social networking company's stock after selling 3,094 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Meta Platforms were worth $4,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC increased its position in shares of Meta Platforms by 34.2% during the third 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. Keybank National Association OH raised its stake in shares of Meta Platforms by 15.7% during the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after purchasing an additional 18,169 shares during the period. Becker Capital Management Inc. raised its stake in shares of Meta Platforms by 5.0% during the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock worth $25,741,000 after purchasing an additional 1,657 shares during the period. Diversified Trust Co. raised its stake in shares of Meta Platforms by 4.1% during the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock worth $55,487,000 after purchasing an additional 3,336 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in shares of Meta Platforms by 16.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock worth $5,091,000 after purchasing an additional 968 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta’s recent earnings beat and revenue growth remain a key bullish driver, reinforcing the view that ad demand and AI-driven monetization are still accelerating. Analysts highlighted stronger advertiser tools and engagement as signs the business can keep compounding. Article Title
• Positive Sentiment: Meta is rolling out new privacy features for WhatsApp and AI chats, including an “incognito” mode, which could help address user trust concerns while supporting adoption of its AI products. Article Title
• Positive Sentiment: Reports that WhatsApp monetization could expand through a premium subscription add another potential high-margin revenue stream, giving investors more confidence in Meta’s long-term earnings power. Article Title
• Positive Sentiment: Commentary around Meta’s AI infrastructure spending and talent push suggests management is still investing aggressively in future growth, which some investors view as necessary to defend its competitive position. Article Title

Meta Platforms Stock Up 0.3%

META opened at $618.43 on Friday. The company has a 50 day moving average of $623.25 and a 200 day moving average of $640.90. The company has a market cap of $1.56 trillion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter in the previous year, the firm posted $6.43 EPS. The business's revenue for the quarter was up 33.1% compared to the same quarter last year. On average, sell-side analysts expect that Meta Platforms, Inc. will post 29.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on META. Citizens Jmp reiterated a "market outperform" rating and set a $900.00 target price on shares of Meta Platforms in a research note on Tuesday, April 21st. Cantor Fitzgerald reduced their target price on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus reduced their target price on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a research report on Friday, May 1st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Arete Research reissued a "neutral" rating on shares of Meta Platforms in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $840.31.

Insider Transactions at Meta Platforms

In other news, CFO Susan J. Li sold 56,571 shares of the firm's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 2,778 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares of the company's stock, valued at $6,645,103.65. The trade was a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 169,231 shares of company stock valued at $108,239,954 over the last three months. Company insiders own 13.61% of the company's stock.

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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