ICICI Prudential Asset Management Co Ltd Buys 3,534 Shares of Meta Platforms, Inc. $META

Posted by Lauren Steadman on Jun 12th, 2026

ICICI Prudential Asset Management Co Ltd boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 26.1% during the 4th quarter, HoldingsChannel reports. The fund owned 17,073 shares of the social networking company’s stock after purchasing an additional 3,534 shares during the period. Meta Platforms accounts for about 1.3% of ICICI Prudential Asset Management Co Ltd’s holdings, making the stock its 11th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Meta Platforms were worth $11,270,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. bought a new stake in Meta Platforms during the third quarter worth approximately $26,000. RHL Group LLC bought a new stake in Meta Platforms during the fourth quarter worth approximately $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the fourth quarter worth approximately $29,000. Key Capital Management INC bought a new stake in Meta Platforms during the fourth quarter worth approximately $48,000. Finally, Entrust Financial LLC bought a new stake in Meta Platforms during the fourth quarter worth approximately $48,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Down 0.4%

META opened at $568.43 on Friday. The stock has a market cap of $1.44 trillion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.01 and a beta of 1.23. The stock’s 50 day moving average price is $621.39 and its 200-day moving average price is $636.37. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. 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 (NASDAQ:META – Get Free Report) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.43 earnings per share. On average, equities analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s payout ratio is presently 7.63%.

Analyst Ratings Changes

META has been the topic of several analyst reports. Piper Sandler initiated coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an “overweight” rating on the stock. Wedbush raised Meta Platforms from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Cantor Fitzgerald dropped their target price on Meta Platforms from $850.00 to $750.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wolfe Research cut their target price on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $810.00 target price on shares of Meta Platforms in a research note on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $840.60.

Get Our Latest Stock Analysis on META

Meta Platforms News Roundup

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

Positive Sentiment: Meta announced a partnership with Reliance Industries to build its first AI-enabled data center in India, a 168-megawatt facility that could support its global AI infrastructure push and long-term capacity needs. Mark Zuckerberg Teams Up With India’s Richest Man To Build Meta’s Next AI Powerhouse
Positive Sentiment: Analysts continue to point to upside from Meta’s AI and subscription initiatives, including commentary that the company may be building a sizable new recurring revenue stream to help offset infrastructure costs. Meta is building a new $20B business, Truist says
Positive Sentiment: Several reports and analyst notes highlighted Meta as an attractive long-term AI and compounder stock, reinforcing bullish sentiment despite recent volatility. 5 Best Compounder Stocks to Buy Now
Neutral Sentiment: Meta is drawing attention for hiring, workforce reallocation, and training efforts tied to the AI data-center boom, which may help execution but does not change near-term earnings directly. The workers Meta and Google desperately need aren’t in Silicon Valley
Neutral Sentiment: Wall Street remains split on Meta’s AI capital spending cycle, with some analysts lifting estimates while others warn investors are waiting for proof that higher capex will generate returns. Meta navigates AI investment cycle as Street weighs costs against returns
Neutral Sentiment: Meta also received a modest earnings estimate bump from Erste Group, suggesting analysts see continued earnings strength, though the rating remained Hold. Meta Platforms stock research summary
Negative Sentiment: Investor concern is growing that Meta’s aggressive AI spending could pressure margins and free cash flow before monetization fully catches up, which is weighing on sentiment. Are investors growing concerned about Meta’s AI spend?
Negative Sentiment: Meta lost a bid for a new trial in its youth social-media addiction case, keeping legal overhangs alive for the stock. Google and Meta denied new trial in youth social media addiction case
Negative Sentiment: A report also said hackers breached thousands of Instagram accounts through an AI-related bug, adding another security and product-trust issue for Meta. Hackers Breach 20K Instagram Accounts Due to AI Bug

Insider Transactions at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,847 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was 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. The trade was a 94.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, COO Javier Olivan sold 837 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $526,715.73. Following the completion of the sale, the chief operating officer owned 12,986 shares of the company’s stock, valued at $8,171,959.94. The trade was a 6.06% 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. Insiders have sold 41,305 shares of company stock valued at $25,567,928 in the last ninety days. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Profile

(Free Report)

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.