Sequoia Financial Advisors LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 4.6% during the 1st quarter, HoldingsChannel reports. The fund owned 263,851 shares of the social networking company’s stock after acquiring an additional 11,517 shares during the quarter. Meta Platforms accounts for approximately 0.8% of Sequoia Financial Advisors LLC’s holdings, making the stock its 26th largest position. Sequoia Financial Advisors LLC’s holdings in Meta Platforms were worth $150,957,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Summa Corp. raised its stake in Meta Platforms by 10.0% in the 1st quarter. Summa Corp. now owns 972 shares of the social networking company’s stock worth $556,000 after purchasing an additional 88 shares in the last quarter. AlpenGlobal Capital LLC acquired a new position in shares of Meta Platforms during the 1st quarter worth approximately $4,292,000. Arbor Capital Management Inc. ADV grew its position in shares of Meta Platforms by 12.3% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 2,669 shares of the social networking company’s stock worth $1,670,000 after purchasing an additional 292 shares in the last quarter. Blodgett Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 2.6% during the first quarter. Blodgett Wealth Advisors LLC now owns 1,995 shares of the social networking company’s stock worth $1,141,000 after purchasing an additional 50 shares during the period. Finally, Cedar Mountain Advisors LLC increased its holdings in shares of Meta Platforms by 6.0% during the first quarter. Cedar Mountain Advisors LLC now owns 320 shares of the social networking company’s stock worth $183,000 after purchasing an additional 18 shares during the period. 79.91% of the stock is owned by institutional investors.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Multiple pieces highlighted Meta’s expanding AI strategy, including reports that it is building out custom chips and massive computing capacity, with some commentary suggesting Meta could even broaden into cloud services. That supports the view that META is investing aggressively to stay competitive in AI. How Meta Platforms (META) Is Strengthening Its AI Infrastructure With Custom Chips and Massive Computing Expansion
- Positive Sentiment: Several market articles argued that investors are still warming to Meta ahead of its next earnings report, pointing to strong ad growth, AI engagement, and continued long-term demand for its platforms. This is helping sentiment around the stock. Meta Platforms, Inc. (META) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Meta announced it will release second-quarter 2026 results on July 29, keeping attention on the upcoming earnings print. That event is adding anticipation, but it is not a direct operational surprise yet. Meta to Announce Second Quarter 2026 Results
- Neutral Sentiment: Some analysts are debating valuation and capital spending, with concerns that heavy AI capex could pressure free cash flow even if revenue remains strong. That creates a valuation headwind, but it is still largely a longer-term debate. Meta Q2 Preview: CAPEX And Free Cash Flow In Focus
- Negative Sentiment: Meta is facing a new lawsuit from former employees alleging it used AI tools and workplace metrics to target workers on medical, parental, or other protected leave during layoffs. That raises legal and reputational risk for META. Meta used AI to target workers with medical conditions for layoffs, former employees’ lawsuit claims
Meta Platforms Price Performance
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, beating analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the business posted $6.43 earnings per share. Research analysts anticipate that Meta Platforms, Inc. will post 29.42 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.
Insider Activity at Meta Platforms
In related news, Director Robert M. Kimmitt sold 500 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total transaction of $303,875.00. Following the sale, the director owned 3,443 shares in the company, valued at $2,092,483.25. The trade was a 12.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer directly owned 9,498 shares of the company’s stock, valued at approximately $5,708,013.06. The trade was a 26.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 39,503 shares of company stock valued at $24,241,859 in the last 90 days. 13.53% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Wedbush upgraded Meta Platforms from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research note on Wednesday, July 8th. Wells Fargo & Company lifted their price objective on Meta Platforms from $765.00 to $767.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Sanford C. Bernstein reduced their target price on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Finally, KeyCorp reissued an “overweight” rating and set a $760.00 target price 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-six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $835.90.
View Our Latest Stock Analysis on META
About Meta Platforms
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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