14B Captial Management LP bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,400 shares of the social networking company's stock, valued at approximately $6,205,000. Meta Platforms makes up approximately 5.0% of 14B Captial Management LP's portfolio, making the stock its 6th biggest holding.
Several other hedge funds have also added to or reduced their stakes in META. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms in the third quarter worth $26,000. RHL Group LLC bought a new stake in Meta Platforms during the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the fourth quarter valued at about $29,000. Niles Investment Management LLC bought a new stake in Meta Platforms during the fourth quarter valued at about $29,000. Finally, Key Capital Management INC bought a new stake in Meta Platforms during the fourth quarter valued at about $48,000. 79.91% of the stock is owned by institutional investors.
Meta Platforms Trading Down 5.4%
Shares of NASDAQ META opened at $567.58 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The business's 50 day moving average price is $621.93 and its 200-day moving average price is $635.05. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a market cap of $1.44 trillion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.06 and a beta of 1.23.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.Meta Platforms's quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the business posted $6.43 EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.
Meta Platforms Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.
Analyst Ratings Changes
Several research firms have issued reports on META. BNP Paribas Exane started coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an "outperform" rating for the company. Tigress Financial upped their price objective on Meta Platforms from $935.00 to $945.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, March 18th. Bank of America dropped their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Susquehanna raised Meta Platforms from a "positive" rating to a "positive" rating in a research note on Tuesday, June 2nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $1,015.00 price objective on shares of Meta Platforms in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $840.60.
View Our Latest Research Report on META
Insider Buying and Selling
In other news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the transaction, 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 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, CFO Susan J. Li sold 9,195 shares of Meta Platforms stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the transaction, the chief financial officer owned 13,186 shares in the company, valued at $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 40,568 shares of company stock valued at $25,057,365. 13.53% of the stock is owned by insiders.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta said Threads has reached 500 million monthly active users, while new community features and feed controls could improve engagement and strengthen the long-term value of its social platform. Reuters: Meta's Threads reaches 500 million monthly users, rolls out new features
- Positive Sentiment: Meta rolled out AI search and creative tools across Facebook, which analysts say could open a new monetization opportunity and support future ad growth. Proactive Investors: Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
- Positive Sentiment: Bank of America reiterated a Buy view on Meta, citing AI strategy as a key growth catalyst, which may help support investor confidence in the company’s long-term earnings potential. Insider Monkey: BofA reiterates Buy rating on Meta Platforms
- Neutral Sentiment: Meta is expected to pay its next quarterly dividend next week, a routine shareholder return that is supportive but unlikely to be a major near-term stock driver. Finbold: Meta to pay dividends next week
- Negative Sentiment: Reuters reported that a Meta executive overseeing part of the company’s AI-for-work restructuring is leaving, adding to concerns about execution during a major AI transition. Reuters: Meta head of product for 'AI for work' transformation is leaving company
- Negative Sentiment: Two SEC filings showed COO Javier Olivan sold shares under a pre-arranged 10b5-1 plan, which can still weigh on sentiment even though the sales were scheduled. SEC filing for Javier Olivan transaction
- Negative Sentiment: Recent commentary has also focused on Meta’s heavy AI spending, Reality Labs losses, and valuation concerns, reinforcing fears that profit growth could slow if investment remains elevated. Zacks: Meta Platforms is Overvalued at 5.5X PS
Meta Platforms Profile
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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.
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