CDM Financial Counseling Services Inc. Invests $674,000 in Meta Platforms, Inc. $META

CDM Financial Counseling Services Inc. purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,021 shares of the social networking company’s stock, valued at approximately $674,000.

A number of other hedge funds have also modified their holdings of the business. Tucker Asset Management LLC grew its holdings in shares of Meta Platforms by 15.5% during the 4th quarter. Tucker Asset Management LLC now owns 395 shares of the social networking company’s stock worth $261,000 after purchasing an additional 53 shares during the period. Pacific Heights Asset Management LLC grew its holdings in shares of Meta Platforms by 18.8% during the 4th quarter. Pacific Heights Asset Management LLC now owns 190,000 shares of the social networking company’s stock worth $125,417,000 after purchasing an additional 30,000 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Meta Platforms by 0.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 51,508 shares of the social networking company’s stock worth $34,000,000 after purchasing an additional 220 shares during the period. Dougherty & Associates LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth $2,080,000. Finally, High Note Wealth LLC grew its holdings in shares of Meta Platforms by 3.5% during the 4th quarter. High Note Wealth LLC now owns 5,158 shares of the social networking company’s stock worth $3,405,000 after purchasing an additional 174 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on META. TD Cowen lowered their price target on Meta Platforms from $820.00 to $800.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Truist Financial lowered their target price on Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and set a $810.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Wedbush raised their target price on Meta Platforms from $880.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $840.19.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer owned 414 shares of the company’s stock, valued at approximately $251,641.62. This trade represents a 94.99% decrease in their position. The sale was disclosed in a legal filing 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 837 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $609.35, for a total value of $510,025.95. Following the sale, the chief operating officer directly owned 14,660 shares in the company, valued at $8,933,071. This trade represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last 90 days, insiders have sold 95,471 shares of company stock valued at $60,616,955. Corporate insiders own 13.53% of the company’s stock.

More Meta Platforms News

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

Meta Platforms Price Performance

Shares of NASDAQ META opened at $612.34 on Wednesday. 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 fifty-two week low of $520.26 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.55 trillion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The stock’s 50-day simple moving average is $617.09 and its 200-day simple moving average is $636.70.

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

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.