1,237 Shares in Meta Platforms, Inc. $META Bought by Stronghold Wealth Management L.L.C.

Stronghold Wealth Management L.L.C. acquired a new position in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,237 shares of the social networking company’s stock, valued at approximately $817,000. Meta Platforms accounts for about 1.2% of Stronghold Wealth Management L.L.C.’s investment portfolio, making the stock its 16th largest holding.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the last quarter. State Street Corp grew its stake in shares of Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the last quarter. Capital World Investors grew its stake in shares of Meta Platforms by 0.7% in the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company’s stock worth $28,823,375,000 after purchasing an additional 278,180 shares during the last quarter. Invesco Ltd. grew its stake in shares of Meta Platforms by 0.8% in the third quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company’s stock worth $12,597,374,000 after purchasing an additional 142,229 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Meta Platforms by 4.1% in the third quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company’s stock worth $10,525,258,000 after purchasing an additional 558,792 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Scotiabank boosted their price objective on shares of Meta Platforms from $685.00 to $700.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research report on Friday, March 27th. Canaccord Genuity Group upped their price target on shares of Meta Platforms from $900.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Sanford C. Bernstein cut their price target on shares of Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Finally, Stifel Nicolaus cut their price target on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Four 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $840.19.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, opening a new recurring-revenue stream and giving investors a clearer path beyond ads. Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Meta is also testing paid AI subscription tiers, signaling another monetization lever for its fast-growing AI products. Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
• Positive Sentiment: CEO Mark Zuckerberg said a Meta cloud computing business is “definitely on the table” if the company ends up with excess data-center capacity, hinting at a possible long-term expansion into a large enterprise market. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Positive Sentiment: Reports said Meta’s ad business remains strong, with AI features improving engagement and pricing power, reinforcing the company’s core earnings engine. META Rides on Solid Momentum in Ad Business: A Sign of More Upside?
• Neutral Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, but it does not by itself change fundamentals.
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s appeal in a Vermont social-media addiction case, allowing a legal challenge over teen safety and app design to proceed. US Supreme Court won’t hear Meta’s challenge to Vermont social media addiction lawsuit
• Negative Sentiment: Meta also faces fresh scrutiny from a Santa Clara County lawsuit alleging it profited from scam ads, adding to regulatory and legal overhangs. Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

Meta Platforms Stock Performance

Shares of META opened at $635.26 on Thursday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.61 trillion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The firm’s fifty day simple moving average is $617.25 and its two-hundred day simple moving average is $636.82. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.43 EPS. As a group, analysts predict that Meta Platforms, Inc. will post 29.49 EPS for the current year.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction dated 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 of the company’s stock, valued at $251,641.62. This represents a 94.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, COO Javier Olivan sold 2,778 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at $6,645,103.65. This trade represents a 20.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,471 shares of company stock valued at $60,616,955 in the last 90 days. 13.53% of the stock is currently owned by corporate insiders.

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.