Praxis Investment Management Inc. Boosts Holdings in Meta Platforms, Inc. $META

Praxis Investment Management Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,911 shares of the social networking company’s stock after buying an additional 3,071 shares during the period. Meta Platforms comprises about 1.9% of Praxis Investment Management Inc.’s holdings, making the stock its 11th biggest position. Praxis Investment Management Inc.’s holdings in Meta Platforms were worth $32,286,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms in the third quarter worth about $26,000. Key Capital Management INC purchased a new position in shares of Meta Platforms in the fourth quarter worth about $48,000. Fairway Wealth LLC increased its stake in shares of Meta Platforms by 36.8% in the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock worth $51,000 after purchasing an additional 21 shares in the last quarter. Dorato Capital Management purchased a new position in shares of Meta Platforms in the fourth quarter worth about $62,000. Finally, PMV Capital Advisers LLC increased its stake in shares of Meta Platforms by 26.3% in the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wolfe Research reduced their target price on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Sanford C. Bernstein reduced their target price on shares of Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Pivotal Research reduced their target price on shares of Meta Platforms from $930.00 to $910.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, Tigress Financial lifted their target price on shares of Meta Platforms from $935.00 to $945.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 18th. Four research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $840.31.

Meta Platforms Trading Down 0.7%

Shares of Meta Platforms stock opened at $614.23 on Friday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm has a market cap of $1.55 trillion, a PE ratio of 22.33, a PEG ratio of 1.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The company has a 50 day simple moving average of $622.18 and a two-hundred day simple moving average of $640.72.

Meta Platforms (NASDAQ:META) last announced its earnings results 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. 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 during the quarter, compared to analyst estimates of $55.56 billion. During the same period in the previous year, the business posted $6.43 earnings per share. Meta Platforms’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts expect that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert M. Kimmitt sold 580 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total value of $386,860.00. Following the completion of the sale, the director directly owned 3,847 shares in the company, valued at approximately $2,565,949. The trade was a 13.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 926 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $604.57, for a total transaction of $559,831.82. Following the completion of the sale, the chief operating officer owned 6,853 shares of the company’s stock, valued at approximately $4,143,118.21. The trade was a 11.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 160,352 shares of company stock valued at $102,559,436. Company insiders own 13.61% of the company’s stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Bill Ackman’s Pershing Square continues to hold Meta alongside other megacap AI leaders, reinforcing the view that META remains a core long-term AI and digital ads name. Microsoft, Meta, Amazon and Google. Is Ackman’s Hedge Fund Just a Mag 7 Play?
• Positive Sentiment: Analysts and market commentary continue to point out that Meta’s latest earnings beat was strong, with faster revenue growth and better-than-expected EPS, which supports the bull case despite recent volatility.
• Neutral Sentiment: Meta is getting attention as one of the most-watched stocks on Zacks, suggesting investors are closely focused on what comes next for AI spending, ad growth, and margins. Meta Platforms, Inc. (META) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Meta is still a key part of the AI trade, but commentary about an AI bubble and crowded megacap positioning is keeping sentiment cautious around the stock. UBS warns AI stocks are overheating as growth expectations collide with history
• Negative Sentiment: Meta’s CFO said 2026 capital expenditures are expected to keep rising, intensifying concerns that heavy AI infrastructure spending could weigh on free cash flow and near-term profitability. Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up
• Negative Sentiment: Meta is facing fresh legal and regulatory pressure, including a New Mexico youth-safety trial, an Italian lawsuit over minors’ social media use, and a California suit tied to AI scam ads and advertising practices. Meta and Google fund US kids’ groups, as critics warn of social media risk
• Negative Sentiment: Some fund managers trimmed META holdings, which may add to near-term caution even though other investors increased exposure. ARK Investment’s Cathie Wood Cuts Meta Platforms Stake Sharply

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.