Highland Capital Management LLC Sells 2,661 Shares of Meta Platforms, Inc. $META

Posted by Francis Steltz on May 15th, 2026

Highland Capital Management LLC trimmed its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,121 shares of the social networking company’s stock after selling 2,661 shares during the period. Meta Platforms comprises about 1.5% of Highland Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Highland Capital Management LLC’s holdings in Meta Platforms were worth $29,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bay Harbor Wealth Management LLC grew its position in Meta Platforms by 6.9% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 495 shares of the social networking company’s stock worth $327,000 after purchasing an additional 32 shares during the last quarter. Principal Financial Group Inc. grew its position in Meta Platforms by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 3,808,675 shares of the social networking company’s stock worth $2,514,080,000 after purchasing an additional 115,471 shares during the last quarter. Fairfield Financial Advisors LTD grew its position in Meta Platforms by 9.3% in the 4th quarter. Fairfield Financial Advisors LTD now owns 3,275 shares of the social networking company’s stock worth $2,162,000 after purchasing an additional 280 shares during the last quarter. WT Wealth Management increased its stake in Meta Platforms by 8.2% during the fourth quarter. WT Wealth Management now owns 7,856 shares of the social networking company’s stock valued at $5,186,000 after acquiring an additional 593 shares during the period. Finally, Fulcrum Wealth Advisors LLC bought a new position in Meta Platforms during the fourth quarter valued at about $467,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 926 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $604.57, for a total value of $559,831.82. Following the sale, the chief operating officer directly owned 6,853 shares in the company, valued at $4,143,118.21. This represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a legal 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 the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $667.00, for a total transaction of $386,860.00. Following the sale, the director owned 3,847 shares of the company’s stock, valued at $2,565,949. This trade represents a 13.10% 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. Insiders sold 169,231 shares of company stock worth $108,239,954 over the last quarter. Company insiders own 13.61% of the company’s stock.

Meta Platforms News Summary

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

Positive Sentiment: Meta’s recent earnings beat and revenue growth remain a key bullish driver, reinforcing the view that ad demand and AI-driven monetization are still accelerating. Analysts highlighted stronger advertiser tools and engagement as signs the business can keep compounding. Article Title
Positive Sentiment: Meta is rolling out new privacy features for WhatsApp and AI chats, including an “incognito” mode, which could help address user trust concerns while supporting adoption of its AI products. Article Title
Positive Sentiment: Reports that WhatsApp monetization could expand through a premium subscription add another potential high-margin revenue stream, giving investors more confidence in Meta’s long-term earnings power. Article Title
Positive Sentiment: Commentary around Meta’s AI infrastructure spending and talent push suggests management is still investing aggressively in future growth, which some investors view as necessary to defend its competitive position. Article Title

Meta Platforms Stock Up 0.3%

NASDAQ META opened at $618.43 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $623.25 and its two-hundred day moving average is $640.90. The company has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.08 and a beta of 1.25. 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 released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the previous year, the business earned $6.43 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Equities analysts forecast that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on META shares. Tigress Financial boosted their price target on Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 18th. Citigroup restated an “outperform” rating on shares of Meta Platforms in a research note on Thursday, January 29th. Piper Sandler restated an “overweight” rating and issued a $800.00 target price (down from $880.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Argus restated a “buy” rating and issued a $800.00 target price on shares of Meta Platforms in a research note on Monday, February 2nd. Finally, Raymond James Financial cut their target price on Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating for the company in a research note on Monday, January 26th. Four 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $840.31.

View Our Latest Stock Report on Meta Platforms

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.