Pinnacle Associates Ltd. decreased its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 153,970 shares of the social networking company’s stock after selling 3,211 shares during the quarter. Meta Platforms comprises about 1.3% of Pinnacle Associates Ltd.’s holdings, making the stock its 14th biggest position. Pinnacle Associates Ltd.’s holdings in Meta Platforms were worth $101,634,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Simmons Bank boosted its holdings in shares of Meta Platforms by 2.0% in the fourth quarter. Simmons Bank now owns 30,003 shares of the social networking company’s stock valued at $19,803,000 after acquiring an additional 574 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Meta Platforms by 2.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,872,087 shares of the social networking company’s stock valued at $1,237,762,000 after acquiring an additional 36,478 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd boosted its holdings in shares of Meta Platforms by 4.6% in the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 66,480 shares of the social networking company’s stock valued at $43,883,000 after acquiring an additional 2,900 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Meta Platforms by 71.6% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 6,579 shares of the social networking company’s stock worth $4,647,000 after buying an additional 2,746 shares in the last quarter. Finally, Western Wealth Management LLC boosted its holdings in Meta Platforms by 3.4% during the fourth quarter. Western Wealth Management LLC now owns 22,904 shares of the social networking company’s stock worth $15,119,000 after buying an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.
Meta Platforms News Summary
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched a standalone “Forum” app for Facebook Groups, signaling a new product push that could deepen user engagement and add pressure to competitors like Reddit. Meta quietly launches a new Reddit-like app called Forum
- Positive Sentiment: Meta is cutting jobs and shifting resources toward AI, which investors may view as an efficiency move that supports long-term profit margins and keeps the company focused on its biggest growth area. Meta Cuts 8,000 Jobs, Boosts AI Team: What This Means for Employees
- Neutral Sentiment: Meta also settled a school-district lawsuit over alleged social media addiction harms, removing one legal overhang, though the broader regulatory and litigation risk around its platforms remains. Texas sues Meta, WhatsApp over encryption privacy claims
- Neutral Sentiment: Other headlines around Meta’s dual-class control structure, insider share sales, and broader AI spending debate are adding to the narrative, but they are less likely to drive the stock on their own than the new app launch and workforce reshaping.
- Negative Sentiment: The Texas attorney general’s lawsuit against Meta and WhatsApp over encryption and privacy claims adds another legal risk for investors to monitor. Google, Meta, TikTok face EU consumer complaints about handling of financial scams
- Negative Sentiment: Competition concerns are also in focus after Meta’s Forum app appeared to pressure Reddit shares, reinforcing worries that Meta’s scale lets it copy or crowd out rival social platforms.
Insider Activity
Meta Platforms Stock Up 0.5%
Shares of NASDAQ META opened at $610.26 on Friday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The firm has a fifty day moving average of $617.68 and a 200-day moving average of $637.00. The stock has a market capitalization of $1.54 trillion, a PE ratio of 22.18, a P/E/G ratio of 1.08 and a beta of 1.25. 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 – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. During the same period in the previous year, the company earned $6.43 EPS. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, analysts anticipate that Meta Platforms, Inc. will post 29.49 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms recently commented on META. Wall Street Zen downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Canaccord Genuity Group boosted their price objective on shares of Meta Platforms from $900.00 to $930.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Citizens Jmp restated a “market outperform” rating and set a $900.00 target price on shares of Meta Platforms in a research report on Tuesday, April 21st. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research report on Thursday, January 29th. Finally, Wolfe Research cut their target price on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.19.
Read Our Latest Stock Report on META
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.
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