Meta Platforms, Inc. $META Shares Sold by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. lessened its stake in Meta Platforms, Inc. (NASDAQ:META) by 33.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,090 shares of the social networking company’s stock after selling 5,530 shares during the period. Meta Platforms comprises approximately 4.5% of Peregrine Investment Management Inc.’s portfolio, making the stock its 12th largest position. Peregrine Investment Management Inc.’s holdings in Meta Platforms were worth $7,320,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms in the 3rd quarter valued at approximately $26,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the 4th quarter valued at approximately $29,000. Key Capital Management INC acquired a new stake in Meta Platforms in the 4th quarter valued at approximately $48,000. Fairway Wealth LLC increased 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 purchasing an additional 21 shares during the last quarter. Finally, Merrithew & Thorsten Inc acquired a new stake in Meta Platforms in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the subject of several research reports. KeyCorp reiterated an “overweight” rating and issued a $760.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Pivotal Research dropped their target price on shares of Meta Platforms from $930.00 to $910.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Citigroup reiterated an “outperform” rating on shares of Meta Platforms in a report on Thursday, January 29th. UBS Group dropped their target price on shares of Meta Platforms from $908.00 to $865.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $800.00 target price (down from $880.00) on shares of Meta Platforms in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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

Insiders Place Their Bets

In other news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms 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 completion of the sale, the chief technology officer directly owned 414 shares of the company’s stock, valued at approximately $251,641.62. The trade was a 94.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on 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 sale, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at approximately $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. 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. Insiders sold a total of 152,728 shares of company stock worth $96,925,217 over the last 90 days. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $607.38 on Friday. The company has a fifty day simple moving average of $618.57 and a two-hundred day simple moving average of $637.18. The company has a market cap of $1.54 trillion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.07 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. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

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