Frank Rimerman Advisors LLC Raises Stock Position in Meta Platforms, Inc. $META

Frank Rimerman Advisors LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,558 shares of the social networking company’s stock after buying an additional 3,119 shares during the period. Meta Platforms makes up approximately 1.6% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 13th largest position. Frank Rimerman Advisors LLC’s holdings in Meta Platforms were worth $24,349,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. RHL Group LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC acquired a new position in Meta Platforms during the fourth quarter worth $29,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms during the fourth quarter worth $42,000. Bayban boosted its position in shares of Meta Platforms by 100.0% during the first quarter. Bayban now owns 70 shares of the social networking company’s stock worth $40,000 after buying an additional 35 shares during the period. Finally, Key Capital Management INC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $656.73 on Tuesday. The firm has a market capitalization of $1.66 trillion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. 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 business’s fifty day moving average price is $599.00 and its 200 day moving average price is $626.80. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $55.56 billion. During the same period in the prior year, the firm posted $6.43 EPS. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 7.63%.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 3,348 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the transaction, the chief operating officer directly owned 9,498 shares in the company, valued at $5,708,013.06. This represents a 26.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the firm’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 sale, the chief technology officer directly owned 414 shares in the company, valued at approximately $251,641.62. The trade was a 94.99% decrease in their position. The SEC filing for this sale provides additional information. 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 ninety days, insiders sold 40,083 shares of company stock valued at $24,628,719. 13.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on META. The Goldman Sachs Group downgraded Meta Platforms from a “buy” rating to a “sell” rating in a report on Tuesday, June 2nd. Wells Fargo & Company lifted their target price on Meta Platforms from $765.00 to $767.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Tigress Financial boosted their price target on shares of Meta Platforms from $935.00 to $945.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 18th. Piper Sandler assumed coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They set an “overweight” rating on the stock. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $835.90.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: UBS kept a buy rating on Meta while lowering its price target to $766 from $865, implying meaningful upside from current levels and signaling analysts still see room for gains despite recent volatility.
• Positive Sentiment: Multiple articles highlighted Meta’s expanded AI ambitions, including a major scale-up of its Louisiana Hyperion data center to 5 gigawatts and more than $50 billion in projected cost, reinforcing the company’s commitment to AI infrastructure and long-term growth.
• Positive Sentiment: Some market commentary framed Meta as one of the strongest mega-cap AI stories, citing its ability to fund AI investment with a profitable ad business and noting that its new AI model is priced well below rivals, which could help adoption.
• Neutral Sentiment: Several reports focused on technical factors, saying META looked overbought and near resistance, which may be contributing to short-term weakness rather than reflecting a change in fundamentals.
• Negative Sentiment: Investors are also weighing concerns that Meta’s AI spending is rising fast, with 2026 capex now expected at $125 billion to $145 billion, raising questions about near-term returns on investment and pressuring sentiment.
• Negative Sentiment: Meta pulled down an AI image tool after privacy backlash, and the company is facing criticism over AI advertising tools that allegedly create poor results for brands, adding reputational and regulatory noise.
• Negative Sentiment: Additional headlines noted a Chinese regulatory setback on a planned AI acquisition and an EU probe into Facebook and Instagram design features, which could increase legal and compliance uncertainty.

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.