BLKBRD Asset Management LP Sells 19,545 Shares of Meta Platforms, Inc. $META

Posted by Brenda Bartman on Jun 17th, 2026

BLKBRD Asset Management LP decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 76.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,974 shares of the social networking company’s stock after selling 19,545 shares during the period. Meta Platforms makes up 5.3% of BLKBRD Asset Management LP’s holdings, making the stock its 11th biggest position. BLKBRD Asset Management LP’s holdings in Meta Platforms were worth $3,943,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms in the third quarter worth $26,000. RHL Group LLC bought a new position in shares of Meta Platforms in the fourth quarter worth $28,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms in the fourth quarter worth $29,000. Niles Investment Management LLC bought a new position in shares of Meta Platforms in the fourth quarter worth $29,000. Finally, Key Capital Management INC bought a new position in shares of Meta Platforms in the fourth quarter worth $48,000. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on META. Citizens Jmp restated a “market outperform” rating and issued a $900.00 price target on shares of Meta Platforms in a research report on Tuesday, April 21st. Wolfe Research decreased their price target on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a research report on Friday, March 27th. Arete Research set a $735.00 price target on Meta Platforms and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Roth Mkm restated a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $840.60.

Check Out Our Latest Research Report on META

Meta Platforms News Roundup

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

Positive Sentiment: Meta’s new AI Mode in Facebook Search and related AI tools could open a new monetization stream and improve engagement across its apps. Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
Positive Sentiment: Bank of America reiterated a Buy rating, saying Meta’s AI strategy remains a key growth catalyst. BofA Reiterates Buy Rating on Meta Platforms (META) Cites AI Strategy a Key Growth Catalyst
Positive Sentiment: Threads reached 500 million monthly active users, highlighting continued platform growth and stronger user engagement. Meta’s Threads reaches 500 million monthly users, rolls out new features
Neutral Sentiment: Meta’s CTO said morale in the AI unit is near historic lows, which may reflect execution challenges even as the company doubles down on AI. Meta’s CTO says morale is almost ‘the worst it’s ever been’
Negative Sentiment: Apple’s upcoming AI-powered AirPods and smart glasses could intensify competition in the AI wearables market, potentially challenging Meta’s device strategy. Apple to launch AI-juiced AirPods and sunglasses, going head-to-head with Meta
Negative Sentiment: Reports of consumer-protection lawsuits in Europe add another regulatory overhang for Meta. Consumer Protection: Three Chances for Damages from Meta Platforms

Meta Platforms Price Performance

Meta Platforms stock opened at $600.21 on Wednesday. The stock’s 50 day moving average is $622.04 and its 200 day moving average is $635.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $1.52 trillion, a P/E ratio of 21.82, a P/E/G ratio of 1.05 and a beta of 1.23. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25.

Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.43 earnings per share. As a group, research analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, June 15th. Meta Platforms’s payout ratio is presently 7.63%.

Insiders Place Their Bets

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the sale, the chief technology officer owned 414 shares of the company’s stock, 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 sold a total of 39,170 shares of company stock valued at $24,218,565 in the last 90 days. Company insiders own 13.53% of the company’s stock.

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.