Fred Alger Management LLC Has $1.48 Billion Stock Position in Meta Platforms, Inc. $META

Fred Alger Management LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,010,772 shares of the social networking company’s stock after purchasing an additional 177,258 shares during the quarter. Meta Platforms accounts for approximately 5.7% of Fred Alger Management LLC’s holdings, making the stock its 3rd biggest holding. Fred Alger Management LLC’s holdings in Meta Platforms were worth $1,476,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares during the last quarter. Headwater Capital Co Ltd boosted its holdings in shares of Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Meta Platforms in the 2nd quarter worth approximately $213,000. Finally, Capital & Planning LLC bought a new stake in Meta Platforms during the 2nd quarter worth approximately $322,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

More Meta Platforms News

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

• Positive Sentiment: Reports that Meta is preparing to cut roughly 20% of its workforce pushed expectations for multi‑billion dollar annual cost savings and sparked a rally as investors priced in faster path to profitability. Meta shares jump after Reuters report on plans for layoffs of 20% or more
• Positive Sentiment: JPMorgan reiterated an Overweight rating and reiterated a high price target, providing institutional support for the stock amid the headlines. Analysts set Meta stock price target
• Neutral Sentiment: Meta signed a large multi‑year AI infrastructure agreement with Nebius (reported up to $27B) — it secures compute capacity critical for scaling AI but also confirms very large future spend commitments. Markets see this as strategic but capital‑intensive. Meta signs deal worth up to $27 billion with Nebius for AI infrastructure
• Neutral Sentiment: Several bullish analyst/strategy pieces argue the pullback is a buying opportunity given Meta’s scale, ad growth and AI monetization runway — providing counterweight to cost/CapEx concerns. Delays, Compute Deals, And Sky‑High CapEx: Why I’m Still Bullish On Meta
• Neutral Sentiment: Nebius and other cloud partners have seen strong share moves on the deal, highlighting that Meta’s AI commitments are reshaping the supplier landscape even if the direct near‑term benefit to Meta is mixed. Meta’s $27B AI Cloud Deal Sends Nebius Group Stock Soaring
• Negative Sentiment: Multiple reports flag surging AI spending, product delays (Avocado AI, smart glasses) and high CapEx plans — investors worry these investments could pressure margins and cash flow before monetization. Meta Reportedly Plans Job Cuts as AI Spending Surges
• Negative Sentiment: Advertiser pushback on a new Facebook/Instagram payment policy raises modest short‑term ad revenue execution risk if it leads to reduced spend from affected advertisers. Why some Facebook and Instagram advertisers are freaking out about a new payment policy
• Negative Sentiment: Macro/regulatory uncertainty — including EU debates over content‑detection rules — keeps policy risk on investors’ radars; outcomes could affect compliance costs and product implementations in Europe. EU fails to extend rules on child abuse content detection by online platforms

Meta Platforms Stock Up 2.2%

NASDAQ META opened at $627.45 on Tuesday. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 0.95 and a beta of 1.30. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a fifty day moving average of $652.62 and a 200-day moving average of $676.01.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.16 by $0.72. The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.02 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 8.94%.

Analyst Ratings Changes

Several equities analysts have issued reports on META shares. Robert W. Baird lifted their price objective on Meta Platforms from $815.00 to $830.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. TD Cowen restated a “buy” rating on shares of Meta Platforms in a report on Tuesday, January 13th. Stifel Nicolaus raised their target price on Meta Platforms from $785.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a report on Thursday, January 29th. Finally, Monness Crespi & Hardt upped their price target on shares of Meta Platforms from $808.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $844.44.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 56,571 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 8,089 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer owned 2,841 shares in the company, valued at $1,793,352.84. This represents a 74.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 159,830 shares of company stock worth $102,409,190. Company insiders own 13.61% of the company’s stock.

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.