Altman Advisors Inc. Has $3.52 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Altman Advisors Inc. cut its Meta Platforms stake by 17.2% in the fourth quarter, selling 1,106 shares and ending with 5,339 shares valued at about $3.52 million.
• Meta stock was trading down 1.4% at $602.61, leaving the company with a market capitalization of about $1.52 trillion. The shares remain well below their 52-week high of $796.25.
• Meta’s latest earnings beat expectations, with EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year. Analysts still mostly rate the stock a Moderate Buy, though several recently lowered price targets.

Altman Advisors Inc. trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,339 shares of the social networking company's stock after selling 1,106 shares during the quarter. Meta Platforms makes up 1.2% of Altman Advisors Inc.'s portfolio, making the stock its 21st biggest position. Altman Advisors Inc.'s holdings in Meta Platforms were worth $3,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. State Street Corp raised its position in shares of Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock valued at $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Danske Bank A S bought a new position in Meta Platforms during the 3rd quarter worth approximately $1,191,175,000. PFA Pension Forsikringsaktieselskab bought a new position in Meta Platforms during the 4th quarter worth approximately $813,994,000. Finally, Concentrum Wealth Management boosted its stake in Meta Platforms by 948.7% during the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock worth $913,000 after acquiring an additional 1,124,998 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Down 1.4%

NASDAQ META opened at $602.61 on Wednesday. The stock has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.07 and a beta of 1.25. The stock's 50 day moving average price is $620.35 and its two-hundred day moving average price is $637.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company's quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.43 EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Key Meta Platforms News

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

• Negative Sentiment: Meta began laying off about 8,000 employees, or roughly 10% of its workforce, as part of a broader AI-first transformation. The move highlights rising restructuring costs and suggests more cuts could follow later this year. Meta Begins Laying Off 8,000 Employees Amid A.I. Transformation
• Negative Sentiment: Reports that Meta is cutting jobs while ramping up AI investment have kept attention on margin pressure and the scale of the company’s AI spending bill, which some investors view as a near-term drag on earnings. Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
• Neutral Sentiment: Meta offered rival AI chatbot makers limited free access to WhatsApp in Europe before charging once usage limits are reached. The move could support platform engagement and developer adoption, but the financial impact is still unclear. Exclusive: Meta offers AI rival chatbots limited free WhatsApp access, sources say
• Neutral Sentiment: Meta also drew attention for new AI-related product and safety initiatives, including an incognito chat feature for WhatsApp’s AI assistant and new parental supervision tools, but these are not likely to move the stock in the near term. Meta Platforms (META) Launching Incognito Chat for WhatsApp AI Assistant

Analyst Upgrades and Downgrades

Several equities research analysts have commented on META shares. Mizuho lowered their target price on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a research note on Tuesday, May 5th. Guggenheim decreased their price target on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. UBS Group decreased their price target on shares of Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a report on Thursday, April 30th. BMO Capital Markets boosted their price target on shares of Meta Platforms from $710.00 to $730.00 and gave the company a "market perform" rating in a report on Thursday, January 29th. Finally, Barclays boosted their price target on shares of Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Four research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $840.31.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 9,195 shares of the company'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 $8,014,978.24. This represents a 41.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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. Also, CTO Andrew Bosworth sold 7,847 shares of the company's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the sale, the chief technology officer owned 414 shares in the company, valued at approximately $251,641.62. This represents a 94.99% 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. Over the last quarter, insiders have sold 171,517 shares of company stock valued at $109,138,067. 13.53% of the stock is owned by insiders.

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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