Meta Platforms, Inc. $META Shares Bought by Colonial River Investments LLC

Colonial River Investments LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 25.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,186 shares of the social networking company’s stock after buying an additional 2,044 shares during the period. Meta Platforms comprises about 2.4% of Colonial River Investments LLC’s portfolio, making the stock its 9th biggest holding. Colonial River Investments LLC’s holdings in Meta Platforms were worth $6,723,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of META. Brighton Jones LLC raised its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares in the last quarter. Headwater Capital Co Ltd raised its holdings in shares of Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after buying an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Meta Platforms during the 2nd quarter worth $213,000. Finally, Capital & Planning LLC acquired a new position in shares of Meta Platforms during the 2nd quarter worth $322,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

More Meta Platforms News

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

• Negative Sentiment: Meta began laying off about 8,000 employees, or roughly 10% of its workforce, as part of a broader AI-first transformation. The move highlights rising restructuring costs and suggests more cuts could follow later this year. Meta Begins Laying Off 8,000 Employees Amid A.I. Transformation
• Negative Sentiment: Reports that Meta is cutting jobs while ramping up AI investment have kept attention on margin pressure and the scale of the company’s AI spending bill, which some investors view as a near-term drag on earnings. Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
• Neutral Sentiment: Meta offered rival AI chatbot makers limited free access to WhatsApp in Europe before charging once usage limits are reached. The move could support platform engagement and developer adoption, but the financial impact is still unclear. Exclusive: Meta offers AI rival chatbots limited free WhatsApp access, sources say
• Neutral Sentiment: Meta also drew attention for new AI-related product and safety initiatives, including an incognito chat feature for WhatsApp’s AI assistant and new parental supervision tools, but these are not likely to move the stock in the near term. Meta Platforms (META) Launching Incognito Chat for WhatsApp AI Assistant

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 837 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $609.35, for a total value of $510,025.95. Following the sale, the chief operating officer owned 14,660 shares in the company, valued at approximately $8,933,071. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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, 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 value of $5,589,088.80. Following the completion of the sale, the chief financial officer owned 13,186 shares in the company, valued at $8,014,978.24. This trade represents a 41.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders have sold 171,517 shares of company stock worth $109,138,067. Insiders own 13.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on META. Monness Crespi & Hardt boosted their price objective on Meta Platforms from $808.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Roth Mkm restated a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. Canaccord Genuity Group boosted their price objective on Meta Platforms from $900.00 to $930.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Citizens Jmp restated a “market outperform” rating and set a $900.00 price objective on shares of Meta Platforms in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Meta Platforms from $880.00 to $920.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $840.31.

Meta Platforms Trading Down 1.4%

NASDAQ META opened at $602.61 on Wednesday. The business’s 50-day moving average price is $620.35 and its two-hundred day moving average price is $637.91. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The firm has a market capitalization of $1.52 trillion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. 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) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the company posted $6.43 EPS. The business’s revenue was up 33.1% on a year-over-year basis. On average, analysts expect that Meta Platforms, Inc. will post 29.65 EPS for the current year.

Meta Platforms 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.