Zweig DiMenna Associates LLC Boosts Stake in Meta Platforms, Inc. $META

Key Points

• Zweig DiMenna Associates LLC increased its Meta Platforms stake by 18.7% in the first quarter, buying 5,725 additional shares and bringing its total to 36,320 shares valued at about $20.8 million.
• Meta continues to attract heavy institutional ownership, with large holders like Vanguard, State Street, and Geode also raising positions; institutions now own about 79.91% of the stock.
• Despite some mixed signals from insider selling and analyst changes, Meta’s latest quarter showed strong performance, with EPS of $10.44 and revenue of $56.31 billion, both beating expectations.

Zweig DiMenna Associates LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,320 shares of the social networking company's stock after purchasing an additional 5,725 shares during the period. Meta Platforms makes up approximately 2.9% of Zweig DiMenna Associates LLC's investment portfolio, making the stock its 10th largest holding. Zweig DiMenna Associates LLC's holdings in Meta Platforms were worth $20,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after buying an additional 7,269,279 shares during the period. Auto Owners Insurance Co raised its position in shares of Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock valued at $69,502,379,000 after acquiring an additional 105,154,977 shares during the period. State Street Corp raised its position in shares of Meta Platforms by 5.1% in the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock valued at $59,963,463,000 after acquiring an additional 4,395,763 shares during the period. Geode Capital Management LLC boosted its stake in Meta Platforms by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after acquiring an additional 878,396 shares during the last quarter. Finally, Capital World Investors boosted its stake in Meta Platforms by 0.8% during the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock worth $26,112,735,000 after acquiring an additional 310,947 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
• Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
• Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
• Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
• Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of Meta Platforms stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares of the company's stock, valued at $8,014,978.24. This trade represents a 41.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the sale, the chief technology officer owned 414 shares in the company, valued at approximately $251,641.62. This trade represents a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 37,948 shares of company stock valued at $23,184,319 in the last quarter. 13.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Meta Platforms from a "buy" rating to a "sell" rating in a research note on Tuesday, June 2nd. TD Cowen reduced their price target on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. KeyCorp reissued an "overweight" rating and issued a $760.00 price target on shares of Meta Platforms in a report on Thursday, April 30th. Mizuho lowered their price objective on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a research report on Tuesday, May 5th. Finally, Piper Sandler started coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an "overweight" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $830.45.

Meta Platforms Stock Performance

Shares of META stock opened at $646.01 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The company's 50 day moving average price is $603.17 and its two-hundred day moving average price is $626.78. The company has a market capitalization of $1.63 trillion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter in the prior year, the company earned $6.43 earnings per share. The business's quarterly revenue was up 33.1% compared to the same quarter last year. On average, analysts expect that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's payout ratio is currently 7.63%.

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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