NewEdge Wealth LLC Cuts Holdings in Meta Platforms, Inc. $META

Posted by George Bondi on Jul 27th, 2026

NewEdge Wealth LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,387 shares of the social networking company’s stock after selling 12,552 shares during the quarter. Meta Platforms comprises about 1.5% of NewEdge Wealth LLC’s investment portfolio, making the stock its 11th biggest position. NewEdge Wealth LLC’s holdings in Meta Platforms were worth $125,518,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. RHL Group LLC bought a new stake in Meta Platforms in the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at approximately $42,000. Bayban grew its holdings in shares of Meta Platforms by 100.0% in the first quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 35 shares in the last quarter. Finally, Key Capital Management INC purchased a new position in shares of Meta Platforms in the fourth quarter valued at $48,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms News Summary

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

Positive Sentiment: A new free verification badge system for Facebook users, which may improve trust and platform quality. Fast Company article
Positive Sentiment: A dedicated Marketplace seller app with tools for merchants, aimed at making Facebook commerce more useful and organized. Reuters article
Positive Sentiment: Wall Street commentary remained constructive, with articles highlighting Meta as a strong momentum stock and a potentially attractive AI-era value name.
Positive Sentiment: Analyst sentiment stayed favorable, including a report that Wells Fargo raised its price target on Meta to $835.00.

Insider Activity

In related news, CFO Susan J. Li sold 9,195 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the transaction, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $8,014,978.24. This represents a 41.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,393 shares of company stock valued at $22,141,163 in the last quarter. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of META opened at $595.19 on Monday. 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 business has a fifty day moving average of $604.51 and a 200 day moving average of $625.53. The company has a market cap of $1.51 trillion, a PE ratio of 21.64, a P/E/G ratio of 1.01 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.

Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data 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. 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 analysts’ expectations of $55.56 billion. During the same quarter in the previous year, the business posted $6.43 earnings per share. The business’s revenue was up 33.1% compared to the same quarter last year. On average, sell-side analysts expect that Meta Platforms, Inc. will post 29.49 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s payout ratio is currently 7.63%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on META shares. The Goldman Sachs Group downgraded shares of Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Roth Capital restated a “buy” rating on shares of Meta Platforms in a report on Thursday, April 30th. Raymond James Financial upped their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Rothschild & Co Redburn increased their price target on shares of Meta Platforms from $900.00 to $1,000.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Five analysts have rated the stock with a Strong Buy rating, thirty-four have given 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $835.64.

Read Our Latest Stock Report on Meta Platforms

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.