PKO Investment Management Joint Stock Co Raises Holdings in Meta Platforms, Inc. $META

PKO Investment Management Joint Stock Co increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 33.3% in the 4th quarter, HoldingsChannel reports. The fund owned 40,000 shares of the social networking company’s stock after purchasing an additional 10,000 shares during the quarter. Meta Platforms makes up approximately 2.1% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 11th biggest holding. PKO Investment Management Joint Stock Co’s holdings in Meta Platforms were worth $26,404,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms during the third quarter worth $26,000. Key Capital Management INC purchased a new position in shares of Meta Platforms during the fourth quarter worth $48,000. Fairway Wealth LLC boosted its position in shares of Meta Platforms by 36.8% during the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock worth $51,000 after buying an additional 21 shares during the period. Evergreen Private Wealth LLC boosted its position in shares of Meta Platforms by 64.8% during the third quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock worth $65,000 after buying an additional 35 shares during the period. Finally, PMV Capital Advisers LLC boosted its position in shares of Meta Platforms by 26.3% during the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after buying an additional 20 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 580 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $667.00, for a total value of $386,860.00. Following the sale, the director directly owned 3,847 shares in the company, valued at $2,565,949. This trade represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 926 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $604.57, for a total value of $559,831.82. Following the completion of the sale, the chief operating officer owned 6,853 shares in the company, valued at approximately $4,143,118.21. This represents a 11.90% 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 90 days, insiders sold 169,231 shares of company stock worth $108,239,954. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Up 2.3%

Shares of NASDAQ META opened at $616.63 on Thursday. The stock has a market cap of $1.56 trillion, a P/E ratio of 22.41, a PEG ratio of 1.06 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The business’s fifty day simple moving average is $623.98 and its 200-day simple moving average is $641.75.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $6.43 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 29.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on META shares. Royal Bank Of Canada restated an “outperform” rating and set a $810.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. Wells Fargo & Company raised their price target on Meta Platforms from $765.00 to $770.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Canaccord Genuity Group raised their price target on Meta Platforms from $900.00 to $930.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Wolfe Research lowered their price target on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Finally, Sanford C. Bernstein reduced their price objective on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $840.31.

Meta Platforms News Roundup

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

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.