Meta Platforms, Inc. $META Stake Boosted by Summitry LLC

Summitry LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,918 shares of the social networking company’s stock after purchasing an additional 9,632 shares during the quarter. Meta Platforms makes up about 2.5% of Summitry LLC’s investment portfolio, making the stock its 15th largest holding. Summitry LLC’s holdings in Meta Platforms were worth $60,014,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms in the 3rd quarter valued at about $26,000. RHL Group LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $29,000. Key Capital Management INC bought a new position in Meta Platforms in the fourth quarter worth about $48,000. Finally, Entrust Financial LLC acquired a new position in Meta Platforms in the fourth quarter valued at approximately $48,000. Institutional investors own 79.91% of the company’s stock.

Key Meta Platforms News

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

• Positive Sentiment: Meta is pushing deeper into enterprise AI with a new Meta Business Agent for WhatsApp, Messenger, and Instagram, aimed at helping companies handle customer inquiries, recommendations, and bookings. Investors may see this as a new revenue stream beyond ads. Reuters article
• Positive Sentiment: Meta also won a legal boost in Europe, with courts backing parts of its challenge to EU tech rules tied to Facebook Marketplace. That reduces some regulatory pressure and removes a potential overhang. Reuters article
• Positive Sentiment: Several analysts remain constructive, with one firm upgrading Meta to strong-buy and others reiterating bullish views after the company’s commerce expansion and AI push. Finviz reference
• Neutral Sentiment: Meta is being highlighted in broader AI-stock coverage as a cheaper-looking way to play the AI boom, which may keep buying interest elevated but is not a company-specific catalyst. Article reference
• Neutral Sentiment: Meta’s shares also received attention after a notable insider sale by the COO and a director, though the trades were made under pre-arranged plans and do not necessarily signal a change in fundamentals. SEC filing
• Negative Sentiment: Meta’s AI rollout has reportedly been delayed again, with the Muse Spark developer API still without a launch date. That raises concerns about how quickly Meta can monetize its heavy AI investment. Reuters article
• Negative Sentiment: A high-profile security lapse involving Meta’s AI chatbot, which was tricked into helping attackers access Instagram accounts, spotlighted risks around automation and could weigh on investor confidence. Reuters article
• Negative Sentiment: Meta is also fighting Australia’s proposed news-payment rules, a policy dispute that could create additional legal and regulatory uncertainty. Reuters article

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $622.98 on Thursday. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company has a market cap of $1.58 trillion, a PE ratio of 22.65, a P/E/G ratio of 1.06 and a beta of 1.23. The stock has a 50 day simple moving average of $618.18 and a 200-day simple moving average of $636.74. 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 posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm’s revenue was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $6.43 EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.

Wall Street Analyst Weigh In

Several research firms have recently commented on META. Roth Mkm reaffirmed a “buy” rating on shares of Meta Platforms in a report on Thursday, April 30th. Barclays raised their price target on Meta Platforms from $800.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Bank of America lowered their price objective on Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a research note on Monday, April 20th. The Goldman Sachs Group lowered Meta Platforms from a “buy” rating to a “sell” rating in a research report on Tuesday. Finally, Arete Research set a $735.00 target price on Meta Platforms and gave the company a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $840.60.

Insider Buying and Selling at Meta Platforms

In related news, Director Robert M. Kimmitt sold 504 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the sale, the director owned 3,943 shares of the company’s stock, valued at $2,481,290.47. This represents a 11.33% decrease in their ownership of the stock. 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. Also, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the transaction, the insider owned 1,118 shares of the company’s stock, valued at $681,890.56. This represents a 65.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 42,860 shares of company stock valued at $26,555,260. 13.53% of the stock is currently owned by insiders.

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.