Elite Wealth Management Inc. Reduces Holdings in Meta Platforms, Inc. $META

Elite Wealth Management Inc. reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,224 shares of the social networking company’s stock after selling 2,289 shares during the quarter. Meta Platforms accounts for 4.9% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Elite Wealth Management Inc.’s holdings in Meta Platforms were worth $17,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in META. Brighton Jones LLC raised its position 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 acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. Headwater Capital Co Ltd raised its position in Meta Platforms by 294.7% during the first 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. bought a new stake in Meta Platforms during the second quarter worth $213,000. Finally, Capital & Planning LLC bought a new stake in Meta Platforms during the second quarter worth $322,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

Shares of META opened at $616.63 on Thursday. The firm has a market capitalization of $1.56 trillion, a PE ratio of 22.41, a PEG ratio of 1.06 and a beta of 1.25. The company’s 50-day moving average is $623.98 and its 200-day moving average is $641.75. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. 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 released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the prior year, the company posted $6.43 earnings per share. Meta Platforms’s revenue was up 33.1% compared to the same quarter last year. Equities analysts forecast that Meta Platforms, Inc. will post 29.65 EPS for the current year.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta is expanding WhatsApp’s privacy tools with a new “incognito” mode for AI chats, which could help ease user concerns and support adoption of its AI features. Reuters article on WhatsApp incognito mode
• Positive Sentiment: The company also introduced more private messaging and sharing products, including an Instagram feature and additional AI privacy controls, which may help strengthen engagement and user trust over time. CNET article on Instagram Instants
• Neutral Sentiment: Meta is reportedly preparing to monetize WhatsApp more aggressively through a premium subscription model, which could eventually add high-margin recurring revenue, but the financial impact is still speculative. Seeking Alpha article on WhatsApp Plus
• Negative Sentiment: Santa Clara County filed a lawsuit accusing Meta of profiting from scam ads on Facebook and Instagram, adding to concerns that the company may face restitution, damages, and stricter oversight of its ad systems. Business Wire article on Santa Clara County complaint
• Negative Sentiment: Reuters reported that Meta is challenging New Mexico’s proposed $3.7 billion remedy in the teen mental health trial, underscoring the scale of potential liabilities from social media-related lawsuits. Reuters article on New Mexico trial
• Negative Sentiment: Separate reports said Meta lost a court fight in Italy over paying publishers for news snippets, reinforcing that international regulation could create additional costs and legal pressure. Reuters article on Italian publishers ruling

Insider Activity at Meta Platforms

In related news, CTO Andrew Bosworth sold 8,089 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total value of $5,106,100.36. Following the transaction, the chief technology officer directly owned 2,841 shares in the company, valued at approximately $1,793,352.84. This represents a 74.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 2,778 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the transaction, the chief operating officer owned 10,557 shares in the company, valued at $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 169,231 shares of company stock worth $108,239,954. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $810.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating and set a $760.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. TD Cowen dropped their price objective on shares of Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Canaccord Genuity Group increased their price objective on shares of Meta Platforms from $900.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Truist Financial dropped their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $840.31.

Meta Platforms Company 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.