ARQ Wealth Advisors LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 232.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,337 shares of the social networking company’s stock after acquiring an additional 935 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in Meta Platforms were worth $765,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Auto Owners Insurance Co grew its stake in Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock valued at $69,502,379,000 after acquiring an additional 105,154,977 shares during the period. Norges Bank acquired a new position in Meta Platforms during the fourth quarter worth $22,152,075,000. Vanguard Group Inc. lifted its stake in shares of Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after buying an additional 7,269,279 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Meta Platforms by 488.1% in the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock valued at $3,608,445,000 after buying an additional 4,537,076 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock valued at $59,963,463,000 after buying an additional 4,395,763 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on META shares. Morgan Stanley lowered their target price on shares of Meta Platforms from $825.00 to $775.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Raymond James Financial upgraded Meta Platforms from an “underperform” rating to an “outperform” rating in a report on Tuesday, June 2nd. Wedbush initiated coverage on Meta Platforms in a research report on Thursday. They issued a “neutral” rating and a $671.00 price target for the company. Weiss Ratings cut Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Finally, UBS Group lowered their target price on shares of Meta Platforms from $865.00 to $766.00 and set a “buy” rating for the company in a report on Monday, July 13th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $830.45.
Key Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
- Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
- Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
- Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
- Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title
Insider Buying and Selling at Meta Platforms
In related news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the transaction, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of Meta Platforms stock in a transaction on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares of the company’s stock, valued at approximately $5,708,013.06. This trade represents a 26.06% 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 sold a total of 39,503 shares of company stock valued at $24,241,859 in the last quarter. Corporate insiders own 13.53% of the company’s stock.
Meta Platforms Stock Performance
NASDAQ:META opened at $646.01 on Friday. The company has a market capitalization of $1.63 trillion, a P/E ratio of 23.48, a P/E/G ratio of 1.17 and a beta of 1.25. The business has a fifty day simple moving average of $603.17 and a two-hundred day simple moving average of $627.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly 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 business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.43 EPS. On average, analysts expect that Meta Platforms, Inc. will post 29.42 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.
Meta Platforms 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.
See Also
- Five stocks we like better than Meta Platforms
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
