Proem Advisors LLC Cuts Stake in Meta Platforms, Inc. $META

Proem Advisors LLC reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 62.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the social networking company’s stock after selling 22,000 shares during the quarter. Meta Platforms comprises approximately 1.0% of Proem Advisors LLC’s holdings, making the stock its 12th largest position. Proem Advisors LLC’s holdings in Meta Platforms were worth $8,581,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Washington Trust Bank grew its holdings in Meta Platforms by 4.8% during the 4th quarter. Washington Trust Bank now owns 24,533 shares of the social networking company’s stock valued at $16,194,000 after buying an additional 1,127 shares in the last quarter. Rinkey Investments grew its holdings in Meta Platforms by 91.4% during the 4th quarter. Rinkey Investments now owns 1,208 shares of the social networking company’s stock valued at $798,000 after buying an additional 577 shares in the last quarter. Money Concepts Capital Corp grew its holdings in Meta Platforms by 9.6% during the 4th quarter. Money Concepts Capital Corp now owns 8,027 shares of the social networking company’s stock valued at $5,299,000 after buying an additional 700 shares in the last quarter. Tsfg LLC grew its holdings in Meta Platforms by 6.3% during the 4th quarter. Tsfg LLC now owns 1,981 shares of the social networking company’s stock valued at $1,307,000 after buying an additional 118 shares in the last quarter. Finally, Mascoma Wealth Management LLC grew its holdings in Meta Platforms by 2.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 897 shares of the social networking company’s stock valued at $592,000 after buying an additional 20 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a report on Thursday, January 29th. Wolfe Research lowered their target price on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Raymond James Financial lowered their target price on Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating for the company in a research report on Monday, January 26th. Argus reiterated a “buy” rating and set a $800.00 target price on shares of Meta Platforms in a research report on Monday, February 2nd. Finally, Guggenheim lowered their target price on Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.19.

Meta Platforms News Roundup

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

• Positive Sentiment: Several bullish takes argue Meta is undervalued relative to its earnings power, with strong profitability, buybacks, and AI investments that could support long-term growth if the company’s spending translates into revenue. Meta Platforms: A Call Option On The AI Race
• Positive Sentiment: Meta’s AI and product rollout efforts remain active, including expanded AI features in WhatsApp and renewed focus on smart glasses, which reinforce its long-term AI and AR strategy. Meta Platforms, Inc. (META) Expands AI Private Chats and Renewable Energy Deals
• Positive Sentiment: Analysts still see upside, with Wells Fargo only slightly trimming its target while maintaining an Overweight rating, suggesting Wall Street remains constructive on Meta’s AI infrastructure bet. Wells Fargo Trims Meta Platforms Price Target to $765
• Neutral Sentiment: Meta settled the first U.S. school-district lawsuit tied to social media addiction, reducing legal overhang for now, though broader litigation risk remains unresolved. Meta settles first US case over school costs tied to youth mental health
• Neutral Sentiment: CEO Mark Zuckerberg said he does not expect more companywide layoffs this year, which may calm employees but is unlikely to materially change the stock’s near-term outlook. Exclusive: Meta CEO tells employees he does not expect more company-wide layoffs this year
• Neutral Sentiment: Meta also continues to see insider sales and debate around layoffs, but those moves were largely tied to pre-arranged tax-withholding plans and are less likely to be a major market signal. Susan Li Sells 2,127 Shares of Meta Platforms
• Negative Sentiment: Meta’s biggest drag remains its aggressive AI spending, with 2026 capex guidance still extremely high and investors questioning whether layoffs will generate enough savings to offset that bill. Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
• Negative Sentiment: The company’s 10% workforce reduction and related restructuring have raised concerns about morale, execution risk, and whether management is cutting costs fast enough to support AI investments. Meta Begins Laying Off Thousands of Employees as It Transforms Around AI
• Negative Sentiment: Meta is also facing fresh regulatory and legal scrutiny, including EU complaints over handling financial scams and ongoing criticism tied to youth mental-health lawsuits. Google, Meta, TikTok face EU consumer complaints about handling of financial scams

Insider Buying and Selling

In related news, COO Javier Olivan sold 837 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $609.35, for a total value of $510,025.95. Following the completion of the sale, the chief operating officer directly owned 14,660 shares in the company, valued at $8,933,071. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, CFO Susan J. Li sold 9,195 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was 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 of the company’s stock, valued at approximately $8,014,978.24. This represents a 41.08% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 152,728 shares of company stock worth $96,925,217 over the last three months. 13.53% of the stock is owned by insiders.

Meta Platforms Stock Up 0.4%

NASDAQ META opened at $607.38 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $1.54 trillion, a P/E ratio of 22.08, a P/E/G ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The stock has a 50 day moving average price of $618.57 and a 200-day moving average price of $637.18.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.Meta Platforms’s revenue was up 33.1% on a year-over-year basis. During the same period last year, the company earned $6.43 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal 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.