Payden & Rygel Purchases 6,900 Shares of Meta Platforms, Inc. $META

Posted by Geri Gentry on May 28th, 2026

Payden & Rygel lifted its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,710 shares of the social networking company’s stock after acquiring an additional 6,900 shares during the quarter. Meta Platforms comprises approximately 1.4% of Payden & Rygel’s portfolio, making the stock its 22nd largest holding. Payden & Rygel’s holdings in Meta Platforms were worth $20,271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Gambit Capital Management LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth $766,000. Lutz Financial Services LLC grew its stake in shares of Meta Platforms by 2.2% in the 4th quarter. Lutz Financial Services LLC now owns 838 shares of the social networking company’s stock worth $553,000 after acquiring an additional 18 shares in the last quarter. Yanni & Associates Investment Advisors LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth $822,000. Verde Capital Management grew its stake in shares of Meta Platforms by 6.4% in the 4th quarter. Verde Capital Management now owns 501 shares of the social networking company’s stock worth $331,000 after acquiring an additional 30 shares in the last quarter. Finally, Evergreen Wealth Management LLC grew its stake in shares of Meta Platforms by 8.9% in the 4th quarter. Evergreen Wealth Management LLC now owns 9,353 shares of the social networking company’s stock worth $6,174,000 after acquiring an additional 766 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 837 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $609.35, for a total value of $510,025.95. Following the sale, the chief operating officer directly owned 14,660 shares of the company’s stock, valued at approximately $8,933,071. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the sale, the chief technology officer directly 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 SEC filing for this sale provides additional information. 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. Insiders have sold a total of 95,471 shares of company stock valued at $60,616,955 over the last three months. 13.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

META has been the subject of several recent analyst reports. Wolfe Research reduced 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 note on Friday, April 10th. Roth Mkm reiterated a “buy” rating on shares of Meta Platforms in a research note on Thursday, April 30th. Citizens Jmp reiterated a “market outperform” rating and issued a $900.00 target price on shares of Meta Platforms in a research note on Tuesday, April 21st. Bank of America reduced their target price on shares of Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Argus reiterated a “buy” rating and issued a $800.00 target price on shares of Meta Platforms in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $840.19.

View Our Latest Stock Report on Meta Platforms

Meta Platforms Price Performance

NASDAQ META opened at $635.26 on Thursday. The company has a market cap of $1.61 trillion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $617.25 and its two-hundred day simple moving average is $636.82.

Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company’s revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.43 earnings per share. Research analysts predict that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Trending Headlines about Meta Platforms

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

Positive Sentiment: Meta launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, opening a new recurring-revenue stream and giving investors a clearer path beyond ads. Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
Positive Sentiment: Meta is also testing paid AI subscription tiers, signaling another monetization lever for its fast-growing AI products. Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
Positive Sentiment: CEO Mark Zuckerberg said a Meta cloud computing business is “definitely on the table” if the company ends up with excess data-center capacity, hinting at a possible long-term expansion into a large enterprise market. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
Positive Sentiment: Reports said Meta’s ad business remains strong, with AI features improving engagement and pricing power, reinforcing the company’s core earnings engine. META Rides on Solid Momentum in Ad Business: A Sign of More Upside?
Neutral Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, but it does not by itself change fundamentals.
Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s appeal in a Vermont social-media addiction case, allowing a legal challenge over teen safety and app design to proceed. US Supreme Court won’t hear Meta’s challenge to Vermont social media addiction lawsuit
Negative Sentiment: Meta also faces fresh scrutiny from a Santa Clara County lawsuit alleging it profited from scam ads, adding to regulatory and legal overhangs. Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

Meta Platforms Company 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.