1,212 Shares in Meta Platforms, Inc. $META Acquired by Keynote Financial Services LLC

Key Points

• Keynote Financial Services LLC opened a new position in Meta Platforms during the fourth quarter, buying 1,212 shares valued at about $800,000.
• Meta continues to attract institutional interest, with several hedge funds increasing their stakes; overall, institutional investors own 79.91% of the company’s shares.
• The article highlights positive business momentum, including Meta’s AI infrastructure expansion and the global launch of Instagram Plus, which could help diversify revenue beyond advertising.

Keynote Financial Services LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,212 shares of the social networking company's stock, valued at approximately $800,000.

Several other hedge funds have also recently added to or reduced their stakes in META. Brighton Jones LLC grew its position in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares in the last quarter. Headwater Capital Co Ltd grew its holdings in shares of Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Meta Platforms during the 2nd quarter valued at $213,000. Finally, Capital & Planning LLC purchased a new position in shares of Meta Platforms during the 2nd quarter valued at $322,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta is expanding its AI infrastructure globally, including a new AI-enabled data center partnership in India with Reliance Industries, reinforcing confidence in its long-term artificial intelligence strategy.
• Positive Sentiment: The company launched Instagram Plus globally, an optional subscription product that could help diversify revenue beyond advertising.
• Positive Sentiment: Analysts and commentary from Morgan Stanley, Zacks, and others continued to describe Meta as a high-quality growth and compounder stock, with recent earnings still viewed as strong.

Meta Platforms Price Performance

Shares of META stock opened at $566.98 on Friday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm's 50 day moving average is $621.15 and its 200-day moving average is $635.89. The firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.01 and a beta of 1.23. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the business earned $6.43 earnings per share. Meta Platforms's quarterly revenue was up 33.1% on a year-over-year basis. Sell-side analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms's dividend payout ratio is currently 7.63%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This trade represents a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 2,778 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the sale, the chief operating officer owned 10,557 shares in the company, valued at approximately $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,305 shares of company stock valued at $25,567,928. 13.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on META. Stifel Nicolaus reduced their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a research note on Friday, May 1st. KeyCorp reissued an "overweight" rating and set a $760.00 target price on shares of Meta Platforms in a research report on Thursday, April 30th. Wells Fargo & Company dropped their price objective on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Wall Street Zen downgraded shares of Meta Platforms from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Morgan Stanley lowered their target price on shares of Meta Platforms from $825.00 to $775.00 and set an "overweight" rating on the stock in a research note on Monday, March 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $840.60.

Meta Platforms Profile

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.

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