Alkeon Capital Management LLC Has $1.32 Billion Stock Holdings in Meta Platforms, Inc. $META

Posted by ABMN Staff on Jun 17th, 2026

Alkeon Capital Management LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 21.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,992,629 shares of the social networking company’s stock after selling 550,000 shares during the quarter. Meta Platforms accounts for 2.1% of Alkeon Capital Management LLC’s portfolio, making the stock its 6th biggest position. Alkeon Capital Management LLC’s holdings in Meta Platforms were worth $1,315,314,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of META. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms in the third quarter worth about $26,000. RHL Group LLC bought a new stake in shares of Meta Platforms in the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms in the fourth quarter worth about $29,000. Niles Investment Management LLC bought a new stake in shares of Meta Platforms in the fourth quarter worth about $29,000. Finally, Key Capital Management INC bought a new stake in shares of Meta Platforms in the fourth quarter worth about $48,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $600.21 on Wednesday. The firm has a market cap of $1.52 trillion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The stock’s 50-day moving average is $622.04 and its 200-day moving average is $635.51. 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.

Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business’s revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company earned $6.43 earnings per share. Equities analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on META. Rosenblatt Securities restated a “buy” rating and issued a $1,015.00 price target on shares of Meta Platforms in a report on Thursday, May 28th. Mizuho cut their price target on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Arete Research set a $735.00 price target on Meta Platforms and gave the company a “buy” rating in a report on Tuesday, June 2nd. Raymond James Financial upgraded Meta Platforms from an “underperform” rating to an “outperform” rating in a report on Tuesday, June 2nd. Finally, Guggenheim cut their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $840.60.

Read Our Latest Stock Report on META

More Meta Platforms News

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

Positive Sentiment: Meta’s new AI Mode in Facebook Search and related AI tools could open a new monetization stream and improve engagement across its apps. Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
Positive Sentiment: Bank of America reiterated a Buy rating, saying Meta’s AI strategy remains a key growth catalyst. BofA Reiterates Buy Rating on Meta Platforms (META) Cites AI Strategy a Key Growth Catalyst
Positive Sentiment: Threads reached 500 million monthly active users, highlighting continued platform growth and stronger user engagement. Meta’s Threads reaches 500 million monthly users, rolls out new features
Neutral Sentiment: Meta’s CTO said morale in the AI unit is near historic lows, which may reflect execution challenges even as the company doubles down on AI. Meta’s CTO says morale is almost ‘the worst it’s ever been’
Negative Sentiment: Apple’s upcoming AI-powered AirPods and smart glasses could intensify competition in the AI wearables market, potentially challenging Meta’s device strategy. Apple to launch AI-juiced AirPods and sunglasses, going head-to-head with Meta
Negative Sentiment: Reports of consumer-protection lawsuits in Europe add another regulatory overhang for Meta. Consumer Protection: Three Chances for Damages from Meta Platforms

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief technology officer owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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, Director Robert M. Kimmitt sold 504 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the sale, the director owned 3,943 shares of the company’s stock, valued at approximately $2,481,290.47. This trade represents a 11.33% 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. Over the last quarter, insiders have sold 39,170 shares of company stock valued at $24,218,565. Insiders own 13.53% of the company’s stock.

Meta Platforms Company Profile

(Free Report)

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.