ABN Amro Investment Solutions Acquires 73,497 Shares of Meta Platforms, Inc. $META

Key Points

• ABN Amro Investment Solutions increased its Meta Platforms stake by 138.6% in the fourth quarter, buying 73,497 additional shares and bringing its total holdings to 126,519 shares worth about $83.5 million.
• Meta reported strong quarterly results, with earnings of $10.44 per share beating estimates and revenue rising 33.1% year over year to $56.31 billion.
• The company also announced a quarterly dividend of $0.525 per share, while analysts currently rate the stock a Moderate Buy with a consensus price target of $840.19.

ABN Amro Investment Solutions raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 138.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,519 shares of the social networking company's stock after acquiring an additional 73,497 shares during the period. Meta Platforms comprises approximately 1.2% of ABN Amro Investment Solutions' portfolio, making the stock its 15th biggest holding. ABN Amro Investment Solutions' holdings in Meta Platforms were worth $83,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westchester Capital Management Inc. bought a new stake in Meta Platforms during the 3rd quarter valued at approximately $26,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at $29,000. Key Capital Management INC bought a new stake in shares of Meta Platforms during the 4th quarter valued at $48,000. Entrust Financial LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at $48,000. Finally, Fairway Wealth LLC boosted its holdings in shares of Meta Platforms by 36.8% during the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock valued at $51,000 after buying an additional 21 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. This trade represents a 65.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares in the company, valued at approximately $8,014,978.24. The trade was a 41.08% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 42,445 shares of company stock valued at $26,306,420 in the last 90 days. 13.53% of the stock is owned by company insiders.

Meta Platforms Price Performance

NASDAQ META opened at $632.51 on Friday. The business's fifty day moving average price is $617.84 and its 200-day moving average price is $636.88. The stock has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. During the same period in the prior year, the firm earned $6.43 EPS. The company's revenue was up 33.1% compared to the same quarter last year. On average, equities analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta's Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
• Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
• Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
• Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”

Wall Street Analyst Weigh In

META has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on Meta Platforms from $825.00 to $775.00 and set an "overweight" rating on the stock in a research report on Monday, March 30th. Erste Group Bank cut Meta Platforms from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Mizuho dropped their price target on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company dropped their price target on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Finally, Wall Street Zen cut shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $840.19.

About Meta Platforms

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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