First Eagle Investment Management trims Meta Platforms stake

First Eagle Investment Management LLC, managed by Jean Marie Eveillard, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund reduced its position by 182,005 shares.

Recent Updates on Meta Platforms, Inc. stock

Over the past month, Meta Platforms’ stock has been volatile but generally trending higher, with recent snapshots showing gains ranging from roughly flat to up about 12%, and 12‑month performance improving from low- to mid‑single‑digit percentage gains. Despite short-term pullbacks, Wall Street remains strongly bullish, consistently assigning a StrongBuy rating and 12‑month average price targets clustered around $825–$860, implying substantial upside from recent trading levels in the mid‑$600s to high‑$700s. The latest quarterly report is a key driver: Meta delivered a robust Q4 with about $59.9 billion in revenue (up ~23% year over year), ad revenue growth in the low‑ to mid‑20% range, and EPS of $8.88, all ahead of expectations, alongside first‑quarter guidance that signals accelerating revenue growth. Multiple top analysts (from Pivotal, Piper Sandler, Citi, Wolfe, and BofA) highlight strong engagement trends (notably Instagram Reels and video) and improving ad efficiency driven by AI ranking and recommendation systems, and several have raised their price targets. At the same time, Meta has issued 2026 expense and capex guidance that is well above prior forecasts, reflecting heavy investment in AI infrastructure and data centers, including long‑term nuclear‑power partnerships with Vistra, TerraPower, and Oklo to secure up to 6.6 GW of energy capacity by 2035; analysts generally view this elevated spending as de‑risked and strategically vital, expecting it to underpin mid‑20% revenue growth and profit expansion beyond 2026.

Spark’s Take on META Stock

According to Spark, TipRanks’ AI Analyst, META is a Outperform.

The score is driven primarily by very strong profitability and cash generation, tempered by rising leverage and signs of moderating growth. Technicals remain supportive but look overbought, while valuation is somewhat expensive with a very low dividend yield. Earnings call takeaways were positive on ad and AI momentum, but the large planned 2026 expense/capex ramp and ongoing Reality Labs losses add execution risk.

To see Spark’s full report on META stock, click here.

More about Meta Platforms, Inc.

YTD Price Performance: 1.35%

Average Trading Volume: 17,710,202

Current Market Cap: $1692.7B