Sequent Planning LLC Raises Stock Position in Meta Platforms, Inc. $META

Sequent Planning LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 297.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,615 shares of the social networking company’s stock after buying an additional 1,957 shares during the period. Sequent Planning LLC’s holdings in Meta Platforms were worth $1,726,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of META. Vanguard Group Inc. increased its stake 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 worth $132,015,115,000 after buying an additional 7,269,279 shares in the last quarter. State Street Corp increased its stake in Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after buying an additional 1,650,435 shares in the last quarter. Danske Bank A S purchased a new stake in Meta Platforms in the 3rd quarter worth $1,191,175,000. PFA Pension Forsikringsaktieselskab purchased a new stake in Meta Platforms in the 4th quarter worth $813,994,000. Finally, Concentrum Wealth Management increased its stake in Meta Platforms by 948.7% in the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company’s stock worth $913,000 after buying an additional 1,124,998 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group increased their price target on Meta Platforms from $900.00 to $930.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Morgan Stanley cut their price target on Meta Platforms from $825.00 to $775.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Mizuho cut their price objective on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. DA Davidson raised their price objective on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus cut their price objective on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.19.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms 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 completion of the transaction, the chief technology officer owned 414 shares in the company, valued at approximately $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction dated Friday, February 27th. The stock was 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. Over the last quarter, insiders sold 95,471 shares of company stock worth $60,616,955. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Trading Up 3.7%

Shares of Meta Platforms stock opened at $635.26 on Thursday. The firm has a market cap of $1.61 trillion, a price-to-earnings ratio of 23.09, a PEG ratio of 1.08 and a beta of 1.25. The business has a 50-day moving average price of $617.25 and a 200-day moving average price of $636.82. 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 twelve month low of $520.26 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 36.93% and a net margin of 32.84%.The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.43 earnings per share. Equities research analysts anticipate that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

More Meta Platforms News

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

• Positive Sentiment: Meta launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, opening a new recurring-revenue stream and giving investors a clearer path beyond ads. Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Meta is also testing paid AI subscription tiers, signaling another monetization lever for its fast-growing AI products. Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
• Positive Sentiment: CEO Mark Zuckerberg said a Meta cloud computing business is “definitely on the table” if the company ends up with excess data-center capacity, hinting at a possible long-term expansion into a large enterprise market. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Positive Sentiment: Reports said Meta’s ad business remains strong, with AI features improving engagement and pricing power, reinforcing the company’s core earnings engine. META Rides on Solid Momentum in Ad Business: A Sign of More Upside?
• Neutral Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, but it does not by itself change fundamentals.
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s appeal in a Vermont social-media addiction case, allowing a legal challenge over teen safety and app design to proceed. US Supreme Court won’t hear Meta’s challenge to Vermont social media addiction lawsuit
• Negative Sentiment: Meta also faces fresh scrutiny from a Santa Clara County lawsuit alleging it profited from scam ads, adding to regulatory and legal overhangs. Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

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.