Millennium Capital Advisors LLC Takes Position in Meta Platforms, Inc. $META

Millennium Capital Advisors LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,638 shares of the social networking company’s stock, valued at approximately $7,022,000. Meta Platforms comprises 4.1% of Millennium Capital Advisors LLC’s investment portfolio, making the stock its 4th largest holding.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position 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 increased its position 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 increased its position 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. increased its position 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 increased its position 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. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on META. Roth Mkm restated a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. TD Cowen decreased their price objective on shares of Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Jefferies Financial Group upped their price objective on shares of Meta Platforms from $910.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Wolfe Research decreased their price objective on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Finally, Mizuho reduced their price target on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Four investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $840.19.

Insider Activity

In other news, COO Javier Olivan sold 837 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $609.35, for a total transaction of $510,025.95. Following the completion of the sale, the chief operating officer owned 14,660 shares of the company’s stock, valued at approximately $8,933,071. This represents a 5.40% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the sale, the chief technology officer directly owned 414 shares of the company’s stock, valued at approximately $251,641.62. This trade represents a 94.99% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 95,471 shares of company stock valued at $60,616,955. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $610.26 on Tuesday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The firm’s 50 day simple moving average is $617.12 and its two-hundred day simple moving average is $636.87. The stock has a market capitalization of $1.54 trillion, a P/E ratio of 22.18, a PEG ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results 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 business had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. During the same period last year, the business earned $6.43 earnings per share. The business’s quarterly revenue was up 33.1% on a year-over-year basis. As a group, analysts expect that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

More Meta Platforms News

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

• Positive Sentiment: Meta is being viewed as an early leader in the AI trade, with recent commentary arguing the market may be underestimating how much AI could boost the company’s long-term earnings and valuation. The AI Trade Might Be Grossly Underestimated — and It Could Be Time To Rethink How We View the Mag 7
• Positive Sentiment: Meta’s AI strategy is getting more attention, including reporting on CTO Andrew Bosworth’s push to use AI to reshape the workforce and improve efficiency, which could support margins over time. Meet Mark Zuckerberg’s Right-Hand Man Who’s Unleashing AI at Meta
• Positive Sentiment: Analysts remain bullish on Meta Platforms despite recent volatility, reinforcing confidence that the company’s ad business and AI investments can continue driving upside. Wall Street analysts predict Meta stock price for the next 12 months
• Positive Sentiment: Meta is expanding its AI ecosystem through a $125 million UCLA semiconductor hub with partners including Broadcom and Synopsys, which could help strengthen long-term AI infrastructure and talent development. Meta, Broadcom And Others Launch $125 Million UCLA AI Chip Hub
• Neutral Sentiment: Coverage about a potential AI “sidekick” or digital twin for Mark Zuckerberg adds to the company’s AI narrative, but it is more of a concept story than a confirmed business catalyst. Mark Zuckerberg May Already Have an AI Agent Sidekick — Could This Be the Future for CEOs?
• Neutral Sentiment: Meta’s expanding use of WhatsApp in government services in Gujarat is a positive adoption signal, but the direct financial impact is still unclear. Gujarat moves to WhatsApp governance, signs MoU with Meta Platforms
• Negative Sentiment: Meta is also dealing with scrutiny over the environmental impact of its data centers, after lawmakers raised concerns about water usage and called for an EPA probe, which could create regulatory and reputational pressure. AOC Raises Concerns Over Meta Data Center Water Impact

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.