AMF Tjanstepension AB Boosts Position in Meta Platforms, Inc. $META

Key Points

• AMF Tjanstepension AB increased its Meta Platforms stake by 2.0% in Q1, adding 10,135 shares to bring its total holding to 516,431 shares valued at about $295.5 million.
• Meta’s latest quarterly results beat expectations, with EPS of $10.44 and revenue of $56.31 billion, while revenue rose 33.1% year over year.
• Insider selling continued, with director Robert M. Kimmitt and COO Javier Olivan both selling shares under pre-arranged trading plans; analysts currently rate Meta Moderate Buy with a consensus target price of $830.45.

AMF Tjanstepension AB raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 516,431 shares of the social networking company's stock after buying an additional 10,135 shares during the period. Meta Platforms comprises 2.0% of AMF Tjanstepension AB's investment portfolio, making the stock its 15th largest position. AMF Tjanstepension AB's holdings in Meta Platforms were worth $295,466,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Keybank National Association OH grew its position in shares of Meta Platforms by 15.7% during the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after acquiring an additional 18,169 shares during the last quarter. WMS Group LLC acquired a new stake in shares of Meta Platforms in the 4th quarter worth about $876,000. Diversified Trust Co. lifted its position in Meta Platforms by 4.1% in the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after purchasing an additional 3,336 shares during the last quarter. Consolidated Investment Group LLC lifted its position in Meta Platforms by 61.2% in the 4th quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock valued at $5,215,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 purchasing an additional 7,269,279 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Meta Platforms news, Director Robert M. Kimmitt sold 500 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total transaction of $303,875.00. Following the sale, the director owned 3,443 shares in the company, valued at approximately $2,092,483.25. The trade was a 12.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at $5,708,013.06. This represents a 26.06% 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. Insiders sold a total of 39,503 shares of company stock valued at $24,241,859 over the last three months. Insiders own 13.53% of the company's stock.

Meta Platforms Stock Down 2.8%

META stock opened at $646.01 on Friday. The firm has a market cap of $1.63 trillion, a PE ratio of 23.48, a P/E/G ratio of 1.14 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a 50 day simple moving average of $603.17 and a 200 day simple moving average of $627.00.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.43 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's dividend payout ratio is currently 7.63%.

Analyst Upgrades and Downgrades

Several research analysts have commented on META shares. Wedbush initiated coverage on shares of Meta Platforms in a research report on Thursday. They issued a "neutral" rating and a $671.00 target price for the company. Arete Research set a $735.00 target price on Meta Platforms and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Bank of America cut their target price on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a research note on Monday, April 20th. Wall Street Zen lowered Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Mizuho decreased their price target on Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $830.45.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
• Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
• Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
• Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
• Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title

Meta Platforms Company 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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