Meta Platforms, Inc. $META Shares Acquired by Allworth Financial LP

Allworth Financial LP grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,318 shares of the social networking company’s stock after purchasing an additional 5,630 shares during the period. Allworth Financial LP’s holdings in Meta Platforms were worth $60,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of META. Freemont Management S.A. boosted its holdings in Meta Platforms by 197.5% during the 4th quarter. Freemont Management S.A. now owns 11,900 shares of the social networking company’s stock valued at $7,855,000 after acquiring an additional 7,900 shares during the period. SFE Investment Counsel boosted its holdings in Meta Platforms by 12.5% during the 4th quarter. SFE Investment Counsel now owns 898 shares of the social networking company’s stock valued at $593,000 after acquiring an additional 100 shares during the period. Castle Rock Wealth Management LLC boosted its holdings in Meta Platforms by 1.2% during the 4th quarter. Castle Rock Wealth Management LLC now owns 8,861 shares of the social networking company’s stock valued at $6,087,000 after acquiring an additional 106 shares during the period. Proactive Wealth Strategies LLC boosted its holdings in Meta Platforms by 23.0% during the 4th quarter. Proactive Wealth Strategies LLC now owns 2,227 shares of the social networking company’s stock valued at $1,470,000 after acquiring an additional 417 shares during the period. Finally, Presper Financial Architects LLC boosted its holdings in Meta Platforms by 12.7% during the 4th quarter. Presper Financial Architects LLC now owns 444 shares of the social networking company’s stock valued at $293,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the transaction, the chief technology officer owned 414 shares in the company, valued at approximately $251,641.62. This represents a 94.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, CFO Susan J. Li sold 56,571 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 152,728 shares of company stock worth $96,925,217. 13.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on META shares. UBS Group lowered their target price on Meta Platforms from $908.00 to $865.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Evercore increased their price target on Meta Platforms from $875.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Truist Financial reduced their price target on Meta Platforms from $900.00 to $840.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Arete Research reaffirmed a “neutral” rating on shares of Meta Platforms in a research report on Thursday, March 5th. Four 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 company’s stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.19.

Meta Platforms Price Performance

META stock opened at $610.26 on Friday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 22.18, a P/E/G ratio of 1.08 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 50-day moving average is $617.68 and its two-hundred day moving average is $637.00.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $55.56 billion. During the same quarter in the prior year, the business posted $6.43 EPS. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts anticipate that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched a standalone “Forum” app for Facebook Groups, signaling a new product push that could deepen user engagement and add pressure to competitors like Reddit. Meta quietly launches a new Reddit-like app called Forum
• Positive Sentiment: Meta is cutting jobs and shifting resources toward AI, which investors may view as an efficiency move that supports long-term profit margins and keeps the company focused on its biggest growth area. Meta Cuts 8,000 Jobs, Boosts AI Team: What This Means for Employees
• Neutral Sentiment: Meta also settled a school-district lawsuit over alleged social media addiction harms, removing one legal overhang, though the broader regulatory and litigation risk around its platforms remains. Texas sues Meta, WhatsApp over encryption privacy claims
• Neutral Sentiment: Other headlines around Meta’s dual-class control structure, insider share sales, and broader AI spending debate are adding to the narrative, but they are less likely to drive the stock on their own than the new app launch and workforce reshaping.
• Negative Sentiment: The Texas attorney general’s lawsuit against Meta and WhatsApp over encryption and privacy claims adds another legal risk for investors to monitor. Google, Meta, TikTok face EU consumer complaints about handling of financial scams
• Negative Sentiment: Competition concerns are also in focus after Meta’s Forum app appeared to pressure Reddit shares, reinforcing worries that Meta’s scale lets it copy or crowd out rival social platforms.

About Meta Platforms

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.