New Millennium Group LLC Has $10.46 Million Position in Meta Platforms, Inc. $META

New Millennium Group LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 33.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,239 shares of the social networking company’s stock after acquiring an additional 3,539 shares during the period. Meta Platforms comprises about 4.8% of New Millennium Group LLC’s portfolio, making the stock its 5th largest position. New Millennium Group LLC’s holdings in Meta Platforms were worth $10,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms during the third quarter worth about $26,000. Bare Financial Services Inc bought a new stake in Meta Platforms in the 2nd quarter valued at approximately $30,000. Briaud Financial Planning Inc acquired a new position in Meta Platforms during the 2nd quarter worth approximately $42,000. Knuff & Co LLC acquired a new position in Meta Platforms during the 2nd quarter worth approximately $44,000. Finally, WFA Asset Management Corp grew its stake in shares of Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after acquiring an additional 20 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms News Roundup

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

• Positive Sentiment: Major AMD GPU agreement strengthens Meta’s AI scale and supplier diversification, supporting long‑term ad/AI monetization potential even as it implies higher capital spending. META Taps AMD GPUs
• Positive Sentiment: Report that Meta will rent Google TPUs to accelerate model development gives the company faster access to compute and reduces dependence on any single vendor, aiding short‑term AI progress. Google signs multibillion-dollar AI chip deal with Meta
• Positive Sentiment: Meta’s quarterly cash dividend ($0.525/share) adds a modest income component and can help stabilize the stock amid a heavy AI capex cycle. MarketBeat META overview
• Neutral Sentiment: Meta is reportedly planning a stablecoin/payments pilot in H2 2026 — a long‑term monetization opportunity that could boost creator payouts and cross‑border settlement, but timing, partners and regulation remain key uncertainties. CoinDesk: Meta stablecoin plans
• Neutral Sentiment: Short interest in META declined meaningfully in February, reducing a potential downside crowd and making rallies easier to sustain (short‑covering risk lower).
• Negative Sentiment: Insider selling: CFO Susan Li reported large share sales (most recently disclosed Feb. 24 filing), and COO Javier Olivan sold shares — routine but can be interpreted negatively by some investors. SEC filing: Susan J. Li sale
• Negative Sentiment: Ongoing litigation and regulatory scrutiny — high‑profile U.S. trial over alleged social‑media harm and EU antitrust disputes — keep headline risk and potential compliance costs elevated. Reuters: social‑media trial Reuters: EU court adviser on antitrust
• Negative Sentiment: AI talent movement (e.g., OpenAI hiring a Meta researcher) and high ongoing capex projections (guidance points to elevated 2026 spending) are reminders that competition for talent and costly infrastructure could pressure margins before long‑term gains materialize. Reuters: OpenAI hires Meta researcher

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 926 shares of Meta Platforms stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $652.68, for a total transaction of $604,381.68. Following the completion of the sale, the chief operating officer directly owned 17,039 shares of the company’s stock, valued at approximately $11,121,014.52. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Andrew Bosworth sold 8,089 shares of the business’s stock in a transaction dated 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 sale, the chief technology officer directly owned 2,841 shares of the company’s stock, valued at approximately $1,793,352.84. The trade was a 74.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 103,837 shares of company stock valued at $66,356,760. 13.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Monness Crespi & Hardt boosted their price objective 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. Bank of America increased their price objective on shares of Meta Platforms from $810.00 to $885.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Argus reaffirmed a “buy” rating and issued a $800.00 target price on shares of Meta Platforms in a research report on Monday, February 2nd. Robert W. Baird upped their target price on Meta Platforms from $815.00 to $830.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus raised their price target on Meta Platforms from $785.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $844.44.

Meta Platforms Price Performance

NASDAQ:META opened at $657.01 on Friday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market capitalization of $1.66 trillion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 1.01 and a beta of 1.28. The stock’s 50 day moving average price is $656.04 and its two-hundred day moving average price is $686.79. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72. The business had revenue of $59.89 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.02 EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 16th. Meta Platforms’s dividend payout ratio is currently 8.94%.

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.