Meta Platforms, Inc. $META Position Trimmed by First Horizon Corp

First Horizon Corp lowered its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,843 shares of the social networking company’s stock after selling 901 shares during the period. First Horizon Corp’s holdings in Meta Platforms were worth $13,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of META. Keybank National Association OH boosted its stake in Meta Platforms by 15.7% in the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company’s stock worth $88,319,000 after purchasing an additional 18,169 shares during the period. WMS Group LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at $876,000. Diversified Trust Co. boosted its position in shares of Meta Platforms by 4.1% in the fourth quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company’s stock worth $55,487,000 after buying an additional 3,336 shares during the period. Consolidated Investment Group LLC grew its holdings in shares of Meta Platforms by 61.2% during the fourth quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company’s stock valued at $5,215,000 after buying an additional 3,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after buying an additional 7,269,279 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research note on Friday, May 1st. The Goldman Sachs Group cut Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein dropped their target price on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Susquehanna raised shares of Meta Platforms from a “positive” rating to a “positive” rating in a research report on Tuesday, June 2nd. Finally, Wolfe Research lowered their price objective on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $835.90.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta’s upcoming Q2 earnings release on July 29 should provide a fresh read on revenue growth, profitability, and the payoff from its AI investments. Meta to Announce Second Quarter 2026 Results
• Neutral Sentiment: Analysts and media continue to debate Meta’s valuation and long-term AI strategy, with some arguing the stock remains attractive while others say spending is getting ahead of near-term returns. Meta Platforms is Overvalued at 5.92X PS: Buy, Sell or Hold the Stock?
• Negative Sentiment: Meta faces a lawsuit alleging its AI-based layoff process discriminated against employees on approved leave, which could add legal costs and hurt investor sentiment around its AI deployment practices. Meta used AI to target workers with medical conditions for layoffs, former employees’ lawsuit claims

Insider Buying and Selling

In other news, CFO Susan J. Li sold 9,195 shares of Meta Platforms stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the transaction, the chief financial officer owned 13,186 shares of the company’s stock, valued at $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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, CTO Andrew Bosworth sold 7,847 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 39,503 shares of company stock worth $24,241,859. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $661.04 on Wednesday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The business has a 50-day moving average of $600.12 and a two-hundred day moving average of $626.76. The stock has a market capitalization of $1.67 trillion, a P/E ratio of 24.03, a P/E/G ratio of 1.16 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.

Meta Platforms (NASDAQ:META) last issued 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 analyst estimates of $55.56 billion. During the same quarter in the prior year, the firm posted $6.43 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities 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. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is 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.