Meta Platforms, Inc. $META is NewEdge Wealth LLC’s 10th Largest Position

NewEdge Wealth LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 231,939 shares of the social networking company’s stock after acquiring an additional 22,441 shares during the quarter. Meta Platforms accounts for 1.7% of NewEdge Wealth LLC’s portfolio, making the stock its 10th biggest holding. NewEdge Wealth LLC’s holdings in Meta Platforms were worth $153,101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of META. Ashton Thomas Private Wealth LLC increased its position in Meta Platforms by 34.2% in the third quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company’s stock worth $38,373,000 after buying an additional 13,311 shares in the last quarter. Keybank National Association OH increased its position in Meta Platforms by 15.7% in the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company’s stock worth $88,319,000 after buying an additional 18,169 shares in the last quarter. Becker Capital Management Inc. increased its position in Meta Platforms by 5.0% in the third quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company’s stock worth $25,741,000 after buying an additional 1,657 shares in the last quarter. Diversified Trust Co. increased its position in Meta Platforms by 4.1% in the fourth quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company’s stock worth $55,487,000 after buying an additional 3,336 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its position in Meta Platforms by 16.2% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company’s stock worth $5,091,000 after buying an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Meta Platforms from $880.00 to $920.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. DA Davidson upped their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore upped their price target on Meta Platforms from $875.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Robert W. Baird upped their price target on Meta Platforms from $815.00 to $830.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Bank of America reduced their price target on Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $840.31.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 926 shares of Meta Platforms stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $604.57, for a total value of $559,831.82. Following the sale, the chief operating officer owned 6,853 shares of the company’s stock, valued at $4,143,118.21. The trade was a 11.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of Meta Platforms stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $667.00, for a total value of $386,860.00. Following the completion of the sale, the director directly owned 3,847 shares in the company, valued at approximately $2,565,949. The trade was a 13.10% decrease in their position. 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. In the last ninety days, insiders sold 158,971 shares of company stock worth $101,676,729. Corporate insiders own 13.53% of the company’s stock.

More Meta Platforms News

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

• Positive Sentiment: Meta’s AI and advertising strategy still appears to be generating real business results, with one analysis pointing to strong ad impressions, higher ad prices, and continued revenue growth that could help justify its heavy capital spending. Meta’s Selloff Looks Like A Major Misread
• Positive Sentiment: Meta also announced new parental supervision tools across Facebook, Instagram, Messenger, and Horizon, which could support trust and platform engagement over time. Meta’s new tools allow parents to better supervise their kids’ social media accounts. Will they work?
• Positive Sentiment: Zefr said it is deepening its partnership with Meta by adding AI-powered pre-bid controls to Threads, a sign that advertisers continue building on Meta’s newer products. Zefr Deepens Meta Partnership, Bringing AI-Powered Pre-Bid Controls to Threads Feed
• Neutral Sentiment: Several hedge-fund filings showed mixed investor sentiment, with some managers adding to Meta while others trimmed stakes, offering no clear single-direction signal for the shares. Tiger Global boosts Meta Platforms stake by 336,249 shares
• Negative Sentiment: Meta is starting layoffs affecting about 8,000 employees, roughly 10% of its workforce, and expects the cuts to roll out in waves this week and possibly continue later in the year. Meta layoffs starting this week stress harsh AI reality inside Zuckerberg’s company
• Negative Sentiment: Reports that Meta is reorganizing 7,000 employees toward AI and telling workers to stay remote during the layoff process reinforce fears that rising AI investment is creating pressure on headcount and margins. Meta Reassigns 7,000 Employees to Focus on A.I.
• Negative Sentiment: Commentary around Meta’s “brutal” AI spending and large-scale job cuts is fueling concern that capital expenditures are getting too large before investors see enough return. Meta’s 8,000 Job Cuts To Foot The $145B AI Bill

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $611.21 on Tuesday. The stock has a 50 day moving average of $621.20 and a 200 day moving average of $638.95. 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 $1.55 trillion, a PE ratio of 22.22, a PEG ratio of 1.08 and a beta of 1.25. 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) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter in the previous year, the company posted $6.43 EPS. The company’s revenue was up 33.1% compared to the same quarter last year. On average, research analysts expect that Meta Platforms, Inc. will post 29.65 EPS for the current fiscal year.

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.