Meta Platforms, Inc. $META Shares Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,054 shares of the social networking company’s stock after purchasing an additional 1,192 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Meta Platforms were worth $9,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RHL Group LLC acquired a new stake in shares of Meta Platforms during the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $29,000. Niles Investment Management LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $29,000. Bayban lifted its holdings in shares of Meta Platforms by 100.0% in the 1st quarter. Bayban now owns 70 shares of the social networking company’s stock worth $40,000 after acquiring an additional 35 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth approximately $42,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the sale, the director directly owned 3,443 shares in the company, valued at approximately $2,092,483.25. This represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a 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. Also, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the transaction, the insider owned 1,118 shares of the company’s stock, valued at $681,890.56. This represents a 65.03% 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. Insiders have sold a total of 37,948 shares of company stock worth $23,184,319 in the last quarter. 13.53% of the stock is owned by company insiders.

Key Meta Platforms News

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

• Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
• Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
• Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
• Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
• Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title

Analyst Upgrades and Downgrades

Several research firms recently weighed in on META. KeyCorp reiterated an “overweight” rating and issued a $760.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Truist Financial lowered their price target on Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. The Goldman Sachs Group lowered Meta Platforms from a “buy” rating to a “sell” rating in a research report on Tuesday, June 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a report on Wednesday, July 8th. Finally, Wedbush began coverage on Meta Platforms in a report on Thursday. They issued a “neutral” rating and a $671.00 price objective on the stock. Three investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.45.

Meta Platforms Stock Performance

Shares of META stock opened at $646.01 on Monday. The firm has a 50 day moving average of $603.17 and a two-hundred day moving average of $626.78. The stock has a market capitalization of $1.63 trillion, a PE ratio of 23.48, a P/E/G ratio of 1.14 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 data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 earnings per share. On average, research analysts predict that Meta Platforms, Inc. will post 29.46 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued 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 dividend payout ratio is 7.63%.

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.