Triasima Portfolio Management inc. Lowers Position in Meta Platforms, Inc. $META

Triasima Portfolio Management inc. lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 29.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,558 shares of the social networking company’s stock after selling 3,094 shares during the period. Triasima Portfolio Management inc.’s holdings in Meta Platforms were worth $4,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in META. Vanguard Group Inc. boosted 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 valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. State Street Corp grew its stake in Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after buying an additional 1,650,435 shares in the last quarter. Danske Bank A S purchased a new position in Meta Platforms in the 3rd quarter worth approximately $1,191,175,000. PFA Pension Forsikringsaktieselskab purchased a new position in Meta Platforms in the 4th quarter worth approximately $813,994,000. Finally, Concentrum Wealth Management grew its stake in Meta Platforms by 948.7% in the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company’s stock worth $913,000 after buying an additional 1,124,998 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on META shares. Erste Group Bank cut Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. BMO Capital Markets increased their target price on Meta Platforms from $710.00 to $730.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Robert W. Baird increased their target price on Meta Platforms from $815.00 to $830.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Citizens Jmp reissued a “market outperform” rating and set a $900.00 price objective on shares of Meta Platforms in a report on Tuesday, April 21st. Finally, Guggenheim dropped their target price on Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $840.31.

Meta Platforms News Roundup

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 Performance

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

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) 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 business had revenue of $56.31 billion during 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 company’s revenue was up 33.1% on a year-over-year basis. On average, equities analysts forecast that Meta Platforms, Inc. will post 29.65 EPS for the current year.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 8,089 shares of Meta Platforms stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total value of $5,106,100.36. Following the transaction, the chief technology officer directly owned 2,841 shares of the company’s stock, valued at $1,793,352.84. The trade was a 74.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at approximately $6,645,103.65. The trade was 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. Insiders have sold a total of 169,231 shares of company stock worth $108,239,954 in the last ninety days. 13.61% of the stock is owned by insiders.

Meta Platforms Company 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.