Frank Rimerman Advisors LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,558 shares of the social networking company’s stock after purchasing an additional 3,119 shares during the quarter. Meta Platforms makes up 1.6% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Frank Rimerman Advisors LLC’s holdings in Meta Platforms were worth $24,349,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Auto Owners Insurance Co increased its holdings in shares of Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock valued at $69,502,379,000 after acquiring an additional 105,154,977 shares during the period. Norges Bank acquired a new stake in Meta Platforms during the 4th quarter worth $22,152,075,000. Vanguard Group Inc. boosted its stake in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the period. Corient Private Wealth LLC grew its position in Meta Platforms by 488.1% during the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock worth $3,608,445,000 after purchasing an additional 4,537,076 shares during the last quarter. Finally, State Street Corp grew its position in Meta Platforms by 5.1% during the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Institutional investors and hedge funds 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: UBS kept a buy rating on Meta while lowering its price target to $766 from $865, implying meaningful upside from current levels and signaling analysts still see room for gains despite recent volatility.
- Positive Sentiment: Multiple articles highlighted Meta’s expanded AI ambitions, including a major scale-up of its Louisiana Hyperion data center to 5 gigawatts and more than $50 billion in projected cost, reinforcing the company’s commitment to AI infrastructure and long-term growth.
- Positive Sentiment: Some market commentary framed Meta as one of the strongest mega-cap AI stories, citing its ability to fund AI investment with a profitable ad business and noting that its new AI model is priced well below rivals, which could help adoption.
- Neutral Sentiment: Several reports focused on technical factors, saying META looked overbought and near resistance, which may be contributing to short-term weakness rather than reflecting a change in fundamentals.
- Negative Sentiment: Investors are also weighing concerns that Meta’s AI spending is rising fast, with 2026 capex now expected at $125 billion to $145 billion, raising questions about near-term returns on investment and pressuring sentiment.
- Negative Sentiment: Meta pulled down an AI image tool after privacy backlash, and the company is facing criticism over AI advertising tools that allegedly create poor results for brands, adding reputational and regulatory noise.
- Negative Sentiment: Additional headlines noted a Chinese regulatory setback on a planned AI acquisition and an EU probe into Facebook and Instagram design features, which could increase legal and compliance uncertainty.
Analyst Ratings Changes
Check Out Our Latest Report on Meta Platforms
Meta Platforms Stock Performance
NASDAQ META opened at $656.73 on Tuesday. The stock has a market capitalization of $1.66 trillion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.18 and a beta of 1.25. The business’s 50 day moving average is $599.00 and its two-hundred day moving average is $626.80. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results 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. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. During the same period last year, the firm earned $6.43 EPS. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. Research analysts expect that Meta Platforms, Inc. will post 29.46 EPS for the current year.
Meta Platforms Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.
Insiders Place Their Bets
In related news, insider Curtis J. Mahoney sold 2,079 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were 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 owned 1,118 shares in the company, valued at $681,890.56. This trade represents a 65.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the sale, the chief operating officer directly owned 9,498 shares in the company, valued at approximately $5,708,013.06. This represents a 26.06% 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. In the last ninety days, insiders have sold 40,083 shares of company stock worth $24,628,719. Corporate insiders own 13.53% of the company’s stock.
Meta Platforms Company 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.
Featured Articles
- Five stocks we like better than Meta Platforms
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
