ProCore Advisors LLC Acquires New Stake in Meta Platforms, Inc. $META

ProCore Advisors LLC acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,465 shares of the social networking company’s stock, valued at approximately $967,000. Meta Platforms accounts for 1.0% of ProCore Advisors LLC’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Petra Financial Advisors Inc. increased its stake in shares of Meta Platforms by 5.8% during the fourth quarter. Petra Financial Advisors Inc. now owns 565 shares of the social networking company’s stock valued at $373,000 after acquiring an additional 31 shares during the period. Naviter Wealth LLC increased its stake in shares of Meta Platforms by 3.4% during the fourth quarter. Naviter Wealth LLC now owns 17,277 shares of the social networking company’s stock valued at $11,404,000 after acquiring an additional 561 shares during the period. CCG Wealth Management LLC increased its stake in shares of Meta Platforms by 16.1% during the fourth quarter. CCG Wealth Management LLC now owns 2,974 shares of the social networking company’s stock valued at $1,963,000 after acquiring an additional 413 shares during the period. Snider Financial Group increased its stake in shares of Meta Platforms by 18.6% during the fourth quarter. Snider Financial Group now owns 14,095 shares of the social networking company’s stock valued at $9,304,000 after acquiring an additional 2,208 shares during the period. Finally, Finer Wealth Management Inc. boosted its holdings in Meta Platforms by 1.2% during the fourth quarter. Finer Wealth Management Inc. now owns 13,840 shares of the social networking company’s stock worth $9,136,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds 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 struck a multi-year partnership with Broadcom through 2029 that includes an initial commitment to deploy >1 gigawatt of custom silicon capacity to support Meta’s Training & Inference Accelerator chips — it materially de-risks Meta’s AI compute buildout and signals scalable infrastructure plans. Meta inks deal with Broadcom for custom AI chips
• Positive Sentiment: Wall Street bullishness: Morgan Stanley named META its top tech pick into earnings with a $775 target, and other firms emphasize strong long-term AI-driven upside — supports positive sentiment and buying pressure. Meta Stock Is the Top Pick for Tech Earnings, Morgan Stanley Says. Here’s Why.
• Positive Sentiment: Fundamentals/earnings momentum: Meta has a recent history of beating estimates and is expected to continue doing so; analysts highlight revenue and margin strength tied to ads and AI monetization. Why Meta Platforms (META) is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Operational focus on AI/hardware execution: Meta is reorganizing Reality Labs and creating an Applied AI Engineering division to accelerate product execution — a sign management is prioritizing speed on high‑investment initiatives. Meta Makes Major Changes to Speed Reality Labs’ Progress
• Neutral Sentiment: Product experiments: Meta is developing an internal, photorealistic AI replica of CEO Mark Zuckerberg for employee engagement — interesting for culture and demo value but uncertain near-term revenue impact. Meta Platforms Is Building a Mark Zuckerberg AI Bot. Does That Matter for META Stock?
• Neutral Sentiment: Board/governance moves announced recently — likely manageable but worth tracking for any strategic implications. Meta Platforms Announces Upcoming Board of Directors Changes
• Negative Sentiment: EU regulators are preparing orders to force Meta to restore rival AI assistants’ access to WhatsApp after Meta imposed access fees — a direct regulatory threat that could limit Meta’s product control and create compliance costs. EU warns Meta WhatsApp AI fee breaches antitrust rules, orders rollback
• Negative Sentiment: Legal exposure: An Italian court allowed a class action over Facebook data scraping — another regulatory/legal headline that adds to GDPR-era litigation risk in Europe. Italy court allows class action against Meta over Facebook data scraping
• Negative Sentiment: Insider selling: COO Javier Olivan executed Rule 10b5-1 sales totaling several thousand shares on April 13 — disclosed trades reduce his holdings materially; trades were under pre-arranged plans but can create short-term perception pressure. SEC filing: Javier Olivan insider sales
• Negative Sentiment: Some sell-side caution: recent price-target cuts and a pessimistic note from Stifel flag near-term upside risks despite the longer-term bull case. Meta Platforms (META) Price Target Reduced by $95 Amid Market Volatility Stifel Nicolaus Issues Pessimistic Forecast for Meta Platforms (NASDAQ:META) Stock Price

Analyst Ratings Changes

META has been the subject of a number of research reports. Rothschild & Co Redburn set a $900.00 target price on shares of Meta Platforms in a report on Monday, January 26th. Guggenheim raised their target price on shares of Meta Platforms from $800.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Argus restated a “buy” rating and set a $800.00 target price on shares of Meta Platforms in a report on Monday, February 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $860.00 target price (up from $750.00) on shares of Meta Platforms in a report on Thursday, January 29th. Finally, UBS Group restated a “buy” rating and set a $872.00 target price (up from $830.00) on shares of Meta Platforms in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $837.72.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the sale, the chief operating officer owned 10,557 shares of the company’s stock, valued at $6,645,103.65. This trade represents a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 on Monday, March 16th. The shares were sold at an average price of $632.02, for a total transaction of $366,571.60. Following the sale, the director directly owned 4,427 shares of the company’s stock, valued at $2,797,952.54. This trade represents a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,499 shares of company stock valued at $105,237,895 in the last three months. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Up 1.4%

Meta Platforms stock opened at $671.58 on Thursday. The company has a 50 day moving average price of $626.81 and a 200 day moving average price of $652.04. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.02 and a beta of 1.31.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, topping analysts’ consensus estimates of $8.16 by $0.72. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The firm had revenue of $59.89 billion during the quarter, compared to analyst estimates of $58.33 billion. During the same quarter last year, the business posted $8.02 EPS. The company’s revenue was up 23.8% on a year-over-year basis. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 8.94%.

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.