Steel Grove Capital Advisors LLC Has $28.55 Million Holdings in Meta Platforms, Inc. $META

Posted by Brenda Bartman on Jun 6th, 2026

Steel Grove Capital Advisors LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 106.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,253 shares of the social networking company’s stock after purchasing an additional 22,300 shares during the period. Meta Platforms accounts for 3.0% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Steel Grove Capital Advisors LLC’s holdings in Meta Platforms were worth $28,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of META. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter valued at $26,000. RHL Group LLC purchased a new stake in Meta Platforms in the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms in the 4th quarter valued at about $29,000. Key Capital Management INC bought a new stake in Meta Platforms in the 4th quarter valued at about $48,000. Finally, Entrust Financial LLC purchased a new stake in Meta Platforms during the fourth quarter valued at about $48,000. 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:

Negative Sentiment: Meta is reportedly weighing a large stock sale to fund AI infrastructure, sparking dilution concerns and pressuring the shares. Article: Meta weighs big equity raising after blockbuster Google deal
Negative Sentiment: Meta’s AI rollout has faced another delay, with the Muse Spark developer API still lacking a launch date, raising questions about when the company can monetize its AI investments. Article: Meta repeatedly pushes back new AI model release for developers
Negative Sentiment: Privacy concerns resurfaced after reports that Meta smart glasses could use facial-recognition-style “faceprint” tracking, which could invite regulatory scrutiny and consumer backlash. Article: Code Reveals Meta Smart Glasses Can Use ‘Faceprint’ Tracking, Raising Privacy Alarms
Negative Sentiment: Meta is also battling renewed policy and legal pressure in Australia over proposed payments for news, adding another regulatory overhang. Article: Meta accuses Australia of breaching FTA, invokes US ‘trade action’
Neutral Sentiment: Meta continues to receive bullish long-term commentary from some analysts and investors who view it as a major AI and advertising platform, but that optimism is being overshadowed today by funding and execution concerns. Article: Analyst Sees Multi-Billion Dollar Potential In Meta Platforms’ Subscription Model

Analysts Set New Price Targets

META has been the subject of a number of research reports. Guggenheim cut their target price on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Rosenblatt Securities restated a “buy” rating and set a $1,015.00 price target on shares of Meta Platforms in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a report on Friday, March 27th. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Roth Mkm reissued a “buy” rating on shares of Meta Platforms in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $840.60.

Check Out Our Latest Analysis on META

Meta Platforms Price Performance

META stock opened at $593.00 on Friday. The firm has a 50 day moving average of $618.83 and a 200-day moving average of $636.57. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. 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 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. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the prior year, the firm posted $6.43 EPS. Meta Platforms’s revenue was up 33.1% on a year-over-year basis. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio is presently 7.63%.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction on 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 owned 414 shares of the company’s stock, valued at approximately $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, COO Javier Olivan sold 837 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $526,715.73. Following the transaction, the chief operating officer owned 12,986 shares of the company’s stock, valued at approximately $8,171,959.94. The trade was a 6.06% 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. Insiders have sold a total of 42,860 shares of company stock valued at $26,555,260 in the last ninety days. 13.53% of the stock is owned by insiders.

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.