Rossmore Private Capital Buys 3,317 Shares of Meta Platforms, Inc. $META

Rossmore Private Capital lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 63.0% during the 4th quarter, HoldingsChannel reports. The firm owned 8,585 shares of the social networking company’s stock after acquiring an additional 3,317 shares during the period. Rossmore Private Capital’s holdings in Meta Platforms were worth $5,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in META. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms during the 3rd quarter valued at approximately $26,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $29,000. Key Capital Management INC bought a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $48,000. Fairway Wealth LLC grew its holdings in Meta Platforms by 36.8% during the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock worth $51,000 after acquiring an additional 21 shares during the last quarter. Finally, Merrithew & Thorsten Inc bought a new stake in Meta Platforms during the 4th quarter worth approximately $52,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Up 0.3%

NASDAQ:META opened at $612.34 on Wednesday. The firm’s fifty day moving average is $617.09 and its 200-day moving average is $636.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The firm has a market cap of $1.55 trillion, a P/E ratio of 22.26, a P/E/G ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data 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 net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the firm posted $6.43 EPS. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Equities analysts expect that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Insider Activity at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,847 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, CFO Susan J. Li sold 56,571 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The SEC filing for this sale provides additional information. Insiders have sold 95,471 shares of company stock worth $60,616,955 in the last quarter. Company insiders own 13.53% of the company’s stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Investors are viewing Meta’s massive AI spending more favorably as analysts and market commentators argue the AI boom could last longer than expected, potentially strengthening the company’s competitive position. Article Title
• Positive Sentiment: Several recent pieces continue to frame Meta as a top long-term growth stock and a stock drawing increased investor attention, which can help reinforce bullish sentiment around the name. Article Title
• Neutral Sentiment: Meta is making a major workforce reduction in Washington state as part of a broader AI-driven restructuring, which may improve efficiency over time but also signals a significant internal reset. Article Title
• Neutral Sentiment: The company is also getting additional investor and public scrutiny around AI, jobs, and capital allocation, with commentary suggesting the market is still debating whether Meta’s heavy AI investment will pay off. Article Title
• Neutral Sentiment: JLens is urging shareholders to back a proposal demanding more transparency on content moderation, highlighting ongoing governance and brand-safety concerns ahead of the annual meeting. Article Title
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s challenge to Vermont’s social media addiction lawsuit, keeping legal exposure alive in a case centered on alleged harms to young users. Article Title
• Negative Sentiment: Meta also faces a new lawsuit from Santa Clara County over allegedly scam-related AI ads, adding another regulatory and reputational overhang tied to ad practices and user safety. Article Title

Analyst Ratings Changes

A number of equities research analysts have weighed in on META shares. Royal Bank Of Canada reissued an “outperform” rating and set a $810.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Rosenblatt Securities reissued a “buy” rating and set a $1,015.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. UBS Group reduced their target price on shares of Meta Platforms from $908.00 to $865.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Evercore boosted their target price on shares of Meta Platforms from $875.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $840.19.

Meta Platforms Company 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.