Financiere des Professionnels Fonds d investissement inc. Grows Position in Meta Platforms, Inc. $META

Financiere des Professionnels Fonds d investissement inc. grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 1,333.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,715 shares of the social networking company’s stock after acquiring an additional 28,572 shares during the quarter. Meta Platforms comprises approximately 1.0% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 21st biggest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in Meta Platforms were worth $17,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. Auto Owners Insurance Co grew its holdings in shares of Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after buying an additional 105,154,977 shares in the last quarter. State Street Corp grew its holdings in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after buying an additional 4,395,763 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Meta Platforms by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after buying an additional 878,396 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Meta Platforms by 0.8% in the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock valued at $26,112,735,000 after buying an additional 310,947 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Key Meta Platforms News

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

• Positive Sentiment: Wells Fargo raised its price target on Meta and kept an overweight rating, signaling expectations for meaningful upside from current levels. Benzinga report on Wells Fargo target hike
• Positive Sentiment: Rothschild & Co Redburn also boosted its target and reiterated a buy rating, reflecting growing optimism that Meta can monetize AI more effectively. Benzinga report on Rothschild & Co Redburn target hike
• Positive Sentiment: Multiple reports highlighted Meta’s expanding AI strategy, including possible cloud/compute sales and large enterprise deals, which could create a new revenue stream and support margins over time.
• Positive Sentiment: Bank of America said Meta is positioned to beat second-quarter expectations, citing healthy ad demand and AI-driven improvements ahead of earnings later this month.
• Positive Sentiment: Wall Street commentary continues to frame Meta as a key beneficiary of the AI spending boom, with investors watching whether infrastructure investment can be monetized faster than expected.
• Neutral Sentiment: A comparison piece versus Pinterest and a broader “Mag 7” article mainly added background, but did not change the core investment thesis for META.
• Negative Sentiment: Meta is facing a Tennessee trial over claims that Instagram was designed to be addictive and contributed to youth mental-health issues, adding legal and regulatory risk.
• Negative Sentiment: A New York Times report said Meta’s AI moderation mistakenly banned user accounts, raising questions about product reliability and trust in its automated systems.
• Negative Sentiment: Ongoing investor concerns remain around heavy AI spending, data-center financing, and whether returns on that capital will justify the expense.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on META. Arete Research set a $735.00 price objective on shares of Meta Platforms and gave the company a “buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $725.00 target price (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Bank of America reduced their price target on Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Susquehanna upgraded Meta Platforms from a “positive” rating to a “positive” rating in a report on Tuesday, June 2nd. Finally, Benchmark initiated coverage on Meta Platforms in a research report on Tuesday, June 2nd. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $835.64.

Insider Transactions at Meta Platforms

In related news, Director Robert M. Kimmitt sold 500 shares of Meta Platforms stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total value of $303,875.00. Following the transaction, the director owned 3,443 shares in the company, valued at approximately $2,092,483.25. This trade represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. This trade represents a 65.03% 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. Insiders sold a total of 37,948 shares of company stock worth $23,184,319 in the last ninety days. Insiders own 13.53% of the company’s stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $643.81 on Wednesday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm has a 50 day moving average price of $604.93 and a 200 day moving average price of $626.52. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.14 and a beta of 1.25. 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 (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.43 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 29.47 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

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.