Comerica Bank Sells 22,982 Shares of Meta Platforms, Inc. $META

Comerica Bank lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 391,003 shares of the social networking company’s stock after selling 22,982 shares during the period. Meta Platforms makes up approximately 1.0% of Comerica Bank’s portfolio, making the stock its 13th biggest position. Comerica Bank’s holdings in Meta Platforms were worth $258,097,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms in the third quarter valued at approximately $26,000. Key Capital Management INC bought a new stake in Meta Platforms during the fourth quarter worth about $48,000. Fairway Wealth LLC raised its holdings in Meta Platforms by 36.8% in the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock valued at $51,000 after buying an additional 21 shares during the last quarter. Evergreen Private Wealth LLC increased its position in Meta Platforms by 64.8% during the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock valued at $65,000 after purchasing an additional 35 shares during the period. Finally, PMV Capital Advisers LLC grew its position in shares of Meta Platforms by 26.3% during the 4th quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after buying an additional 20 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In related news, COO Javier Olivan sold 926 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $607.74, for a total value of $562,767.24. Following the completion of the transaction, the chief operating officer owned 7,779 shares of the company’s stock, valued at approximately $4,727,609.46. This represents a 10.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total value of $386,860.00. Following the completion of the sale, the director owned 3,847 shares of the company’s stock, valued at $2,565,949. This trade represents a 13.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 168,193 shares of company stock worth $107,642,717. Company insiders own 13.61% of the company’s stock.

Key Meta Platforms News

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

• Positive Sentiment: Several analysts remain bullish on Meta Platforms, with recent notes from firms like BofA and Erste Group lifting earnings estimates or price targets after strong Q1 results, reinforcing expectations for meaningful upside. Article Title
• Positive Sentiment: Meta’s AI push is drawing attention as the company reportedly works on AI agents and improved models like Muse Spark, which could support new products and future monetization opportunities. Article Title
• Neutral Sentiment: Commentary pieces continue to frame Meta as an important AI and large-cap tech name, but these are mostly opinion-driven and do not add new fundamental information for the stock. Article Title
• Neutral Sentiment: Meta was also mentioned in a deal roundup about acquiring Assured Robot Intelligence, but the report provided little detail, so the market impact is unclear. Article Title
• Negative Sentiment: Reports highlighting employee dissatisfaction and impending layoffs suggest Meta’s AI transformation is creating internal friction, while also reminding investors that the company’s AI ambitions come with higher costs. Article Title
• Negative Sentiment: Investor concern remains centered on Meta’s enormous 2026 capex plan, estimated at $125 billion to $145 billion, which is fueling fears that profitability could come under pressure before AI investments pay off. Article Title

Analyst Upgrades and Downgrades

Several brokerages have recently commented on META. Guggenheim reduced their price objective on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Cantor Fitzgerald reduced their target price on Meta Platforms from $850.00 to $750.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wells Fargo & Company boosted their target price on Meta Platforms from $765.00 to $770.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Pivotal Research lowered their price objective on Meta Platforms from $930.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein decreased their price objective on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.31.

Meta Platforms Price Performance

META stock opened at $609.63 on Friday. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. 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 company has a fifty day simple moving average of $627.67 and a two-hundred day simple moving average of $645.30. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

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 firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.Meta Platforms’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company earned $6.43 EPS. Analysts anticipate that Meta Platforms, Inc. will post 29.67 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, March 16th. Meta Platforms’s payout ratio is presently 7.63%.

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.