Baskin Financial Services Inc. Acquires 750 Shares of Meta Platforms, Inc. $META

April 29, 2026

Baskin Financial Services Inc. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 39,577 shares of the social networking company’s stock after purchasing an additional 750 shares during the period. Meta Platforms makes up approximately 2.0% of Baskin Financial Services Inc.’s portfolio, making the stock its 24th biggest holding. Baskin Financial Services Inc.’s holdings in Meta Platforms were worth $26,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sentinel Pension Advisors LLC grew its holdings in Meta Platforms by 1.6% during the third quarter. Sentinel Pension Advisors LLC now owns 915 shares of the social networking company’s stock worth $672,000 after buying an additional 14 shares in the last quarter. Alpine Bank Wealth Management lifted its stake in Meta Platforms by 0.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 4,301 shares of the social networking company’s stock valued at $3,159,000 after acquiring an additional 14 shares in the last quarter. Valued Wealth Advisors LLC boosted its holdings in Meta Platforms by 3.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 454 shares of the social networking company’s stock worth $334,000 after acquiring an additional 14 shares during the last quarter. Vista Capital Partners Inc. grew its stake in shares of Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock worth $794,000 after acquiring an additional 14 shares in the last quarter. Finally, V2 Financial group LLC grew its position in Meta Platforms by 0.6% in the 3rd quarter. V2 Financial group LLC now owns 2,662 shares of the social networking company’s stock worth $1,955,000 after purchasing an additional 15 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Key Meta Platforms News

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

Positive Sentiment: Meta signed a multi‑year agreement to reserve up to 1 GW of space‑based solar power to support its AI data‑center needs — a long‑dated but high‑profile effort to secure continuous renewable power for heavy AI compute, which supports the company’s long‑term AI growth and cost profile. Meta partners with space startup Overview Energy
Positive Sentiment: Early reception to Meta’s new Muse Spark model is constructive — the product marks a shift in strategy (less open‑source Llama-style releases) and raises the stakes for CEO commentary on monetization at earnings. Positive AI-product signals can support multiple revenue levers if Wall Street sees a clear path to commercial adoption. Meta’s new AI model shows early promise
Positive Sentiment: Reliance‑Meta joint venture progress in India (appointing a founding CEO) signals faster enterprise AI deployment in a large market — a potential revenue growth channel outside core consumer ads. Reliance and Meta’s joint venture signals India shift
Positive Sentiment: Operational partnership with CBRE to train fiber technicians supports Meta’s data‑center expansion and network reliability, reducing execution risk on infrastructure rollouts tied to AI workloads. Meta Platforms partners with CBRE
Neutral Sentiment: Analysts and commentary emphasize that advertising metrics (ad revenue and engagement) remain the primary near‑term driver; Q1 results and management guidance will determine whether recent AI‑driven ad strength is durable. Large moves are expected around the print. Advertising results remain key
Neutral Sentiment: Market narratives warn investors to look for proof that AI spending is producing returns — elevated CapEx guidance or unclear ROI could pressure sentiment even if revenue beats. Traders expect volatility around the earnings release. Will this week’s earnings be ‘good enough’?
Negative Sentiment: China has blocked Meta’s acquisition of AI startup Manus and Meta is preparing to unwind the deal — an unexpected setback that removes an incremental capability and highlights geopolitical risk for cross‑border AI deals. That raises strategic and execution uncertainty. Meta prepares to undo Manus acquisition
Negative Sentiment: Broader regulatory pressure: EU regulators say new rules will target cloud and AI services — tighter rules could raise compliance costs and constrain go‑to‑market options for AI products in Europe. EU to target cloud services and AI
Negative Sentiment: Reputational/regulatory drag: FTC data shows Americans lost $2.1B to social‑media scams last year, with >2/3 tied to Meta apps — policymakers and advertisers watch trust metrics, which can affect user engagement and ad pricing over time. Americans lost $2.1 billion to social media scams

Meta Platforms Stock Performance

Shares of META opened at $671.34 on Wednesday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60. The stock’s fifty day moving average price is $629.76 and its two-hundred day moving average price is $648.51. The firm has a market cap of $1.70 trillion, a PE ratio of 28.57, a PEG ratio of 1.10 and a beta of 1.31.

Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, topping the consensus estimate of $8.16 by $0.72. The company had revenue of $59.89 billion during the quarter, compared to the consensus estimate of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.02 EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.83 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 8.94%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on META. Rosenblatt Securities cut their target price on Meta Platforms from $1,144.00 to $1,015.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Erste Group Bank downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. DA Davidson boosted their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Barclays reaffirmed an “overweight” rating and set a $800.00 target price (up from $770.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Finally, Wolfe Research lowered their target price on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $837.09.

Read Our Latest Stock Analysis on META

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 926 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $680.09, for a total value of $629,763.34. Following the completion of the transaction, the chief operating officer directly owned 9,631 shares in the company, valued at approximately $6,549,946.79. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of Meta Platforms stock in a transaction 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 sale, the director directly owned 3,847 shares of the company’s stock, valued at $2,565,949. This represents a 13.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 165,600 shares of company stock worth $106,023,973 in the last three months. 13.61% of the stock is currently owned by insiders.

Meta Platforms Company Profile

(Free Report)

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.