Soltis Investment Advisors LLC Has $16.15 Million Stock Position in Meta Platforms, Inc. $META

Soltis Investment Advisors LLC reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 9.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 24,469 shares of the social networking company’s stock after selling 2,534 shares during the period. Meta Platforms makes up about 1.0% of Soltis Investment Advisors LLC’s portfolio, making the stock its 14th biggest position. Soltis Investment Advisors LLC’s holdings in Meta Platforms were worth $16,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westchester Capital Management Inc. acquired a new position in Meta Platforms in the third quarter valued at approximately $26,000. Strategic Wealth Advisors LLC acquired a new position in Meta Platforms in the fourth quarter valued at approximately $29,000. Key Capital Management INC acquired a new position in Meta Platforms in the fourth quarter valued at approximately $48,000. Fairway Wealth LLC lifted its stake in Meta Platforms by 36.8% in the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock valued at $51,000 after buying an additional 21 shares during the period. Finally, Merrithew & Thorsten Inc acquired a new position in Meta Platforms in the fourth quarter valued at approximately $52,000. 79.91% of the stock is owned by institutional investors and hedge funds.

More Meta Platforms News

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

• Positive Sentiment: Investors are viewing Meta’s massive AI spending more favorably as analysts and market commentators argue the AI boom could last longer than expected, potentially strengthening the company’s competitive position. Article Title
• Positive Sentiment: Several recent pieces continue to frame Meta as a top long-term growth stock and a stock drawing increased investor attention, which can help reinforce bullish sentiment around the name. Article Title
• Neutral Sentiment: Meta is making a major workforce reduction in Washington state as part of a broader AI-driven restructuring, which may improve efficiency over time but also signals a significant internal reset. Article Title
• Neutral Sentiment: The company is also getting additional investor and public scrutiny around AI, jobs, and capital allocation, with commentary suggesting the market is still debating whether Meta’s heavy AI investment will pay off. Article Title
• Neutral Sentiment: JLens is urging shareholders to back a proposal demanding more transparency on content moderation, highlighting ongoing governance and brand-safety concerns ahead of the annual meeting. Article Title
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s challenge to Vermont’s social media addiction lawsuit, keeping legal exposure alive in a case centered on alleged harms to young users. Article Title
• Negative Sentiment: Meta also faces a new lawsuit from Santa Clara County over allegedly scam-related AI ads, adding another regulatory and reputational overhang tied to ad practices and user safety. Article Title

Insider Activity

In other news, COO Javier Olivan sold 837 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $609.35, for a total transaction of $510,025.95. Following the completion of the sale, the chief operating officer owned 14,660 shares in the company, valued at $8,933,071. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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, CFO Susan J. Li sold 9,195 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were 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 approximately $8,014,978.24. This represents a 41.08% decrease in their position. The SEC filing for this sale provides additional information. 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 95,471 shares of company stock worth $60,616,955 over the last quarter. 13.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on META. Wedbush boosted their price target on Meta Platforms from $880.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research note on Thursday, January 29th. Guggenheim dropped their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Roth Mkm reissued a “buy” rating on shares of Meta Platforms in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $840.19.

Meta Platforms Trading Up 0.3%

NASDAQ META opened at $612.34 on Wednesday. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The business has a 50 day moving average price of $617.09 and a 200-day moving average price of $636.70. 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 (NASDAQ:META) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.43 earnings per share. As a group, equities analysts expect that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

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.