Coatue Management Reduces $550M in Meta Platforms, Inc. ($META)

Coatue Management has significantly reduced its stake in Meta Platforms, Inc. (NasdaqGS: META), selling 969,893 shares. This reduction, reflected in a recent SEC filing, brings Coatue's total holdings to 2,812,056 shares, a 25.6% decrease from its previous position. The shares are valued at approximately $1.59 billion, based on the filing.

What Changed in Coatue Management's Meta Platforms Position

Coatue Management's decision to trim its stake resulted in a reduction of nearly a million shares, from 3,781,949 to 2,812,056 shares, marking a 25.6% decrease. The move was reported in a Form 13F filing, which covers the quarter ending prior to the filing date, so it may not reflect the current position.

Other Institutional Activity in Meta Platforms

Other major institutional investors have also adjusted their positions in Meta Platforms. BlackRock, Inc. reduced its holdings by 2,661,807 shares, leaving it with 168,843,283 shares valued at about $96.6 billion. Vanguard Capital Management LLC added a substantial 142,138,157 shares, bringing its total to the same amount, valued at approximately $81.3 billion. FMR LLC pared its stake by 5,726,859 shares, now holding 116,614,753 shares worth $66.7 billion. Meanwhile, Geode Capital Management, LLC increased its position by 1,358,480 shares to 54,165,192 shares, valued at $30.9 billion.

Meta Platforms Stock Snapshot

Shares of Meta Platforms are currently trading around $566.7. The company boasts a significant market capitalization of $1.44 trillion and has a forward P/E ratio of 15.68, indicating expectations of future earnings growth. Meta's stock has seen a 52-week low of $520.26 and a high of $796.25, with a beta of 1.229, suggesting moderate volatility compared to the market.

Recent Earnings

Meta Platforms reported revenue of approximately $214.96 billion, with a robust growth rate of 33.1%. The company achieved a net margin of 32.8% and a return on equity of 32.9%. Earnings per share stood at $27.51. Meta is expected to release its next earnings report on April 29, 2026.

Dividend

Meta Platforms offers an annual dividend rate of $2.10, yielding 0.37%. The dividend payout ratio is relatively low at 7.64%, suggesting the company retains most of its earnings for growth and development.

Insider Buying and Selling at Meta Platforms, Inc.

Several insiders at Meta Platforms have recently sold shares as part of planned transactions. On June 1, 2026, Robert Kimmitt sold 504 shares at an average price of $629.29. On the same day, Chief Operating Officer Javier Olivan sold 1,466 shares at the same price. Earlier, on May 27, Chief Legal Officer Curtis Mahoney sold 2,079 shares at $609.92. These transactions were conducted under Rule 10b5-1 plans, which allow insiders to sell shares at predetermined times to avoid accusations of insider trading.

Analysts Set New Price Targets

Analysts continue to see potential in Meta Platforms. On May 5, 2026, Mizuho maintained its 'buy' rating with a price target of $835. Stifel also held a 'buy' rating with a target of $780 as of May 1. JP Morgan downgraded the stock to 'hold' with a target of $725 on April 30. The consensus among analysts is a 'strong buy' with a mean price target of $828.80, based on 59 opinions.

About Meta Platforms

Meta Platforms, Inc., headquartered in Menlo Park, California, is a global leader in social networking and virtual reality. The company operates through its Family of Apps segment, which includes Facebook, Instagram, Messenger, and WhatsApp, and its Reality Labs segment, which focuses on virtual and augmented reality products. Led by CEO Mark Zuckerberg, Meta employs over 77,000 people worldwide, driving innovation in communication and social interaction.

Bottom Line

The recent filing from Coatue Management shows a notable reduction in its Meta Platforms stake, demonstrating the dynamic nature of institutional investments. Meta Platforms continues to be a focal point in the tech sector, with its substantial market cap and innovative product offerings. While 13F filings provide insight into past positions, they may not reflect current holdings, so investors should consider this context when evaluating the information.