Arcadia Investment Management Corp MI Raises Position in Meta Platforms, Inc. $META

Arcadia Investment Management Corp MI raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,195 shares of the social networking company's stock after purchasing an additional 3,122 shares during the period. Meta Platforms accounts for about 1.1% of Arcadia Investment Management Corp MI's portfolio, making the stock its 29th biggest position. Arcadia Investment Management Corp MI's holdings in Meta Platforms were worth $6,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms during the third quarter valued at approximately $26,000. RHL Group LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at approximately $29,000. Key Capital Management INC bought a new position in shares of Meta Platforms during the fourth quarter valued at approximately $48,000. Finally, Entrust Financial LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at approximately $48,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta continues to be viewed as a major AI winner, with Truist calling out a potential next $20 billion business and analysts remaining bullish on the company’s long-term earnings power.
• Positive Sentiment: The company’s $115 million workforce academy and related data-center training initiatives reinforce its aggressive AI infrastructure buildout and commitment to scaling capacity.
• Positive Sentiment: Meta’s Best Buy partnership to showcase AI glasses and VR headsets could help drive consumer interest and future hardware adoption.
• Negative Sentiment: EU regulators ordered Meta to restore WhatsApp access for rival AI chatbots, adding antitrust pressure and potentially weakening Meta’s platform advantage.
• Negative Sentiment: A newly reported AI bug that enabled Instagram account takeovers raises fresh cybersecurity and trust concerns for the platform.
• Negative Sentiment: Reports that Meta has delayed a key AI rollout are fueling concern that monetization of its AI investments may take longer than expected.

Analyst Ratings Changes

A number of research analysts have recently commented on META shares. Truist Financial cut their target price on Meta Platforms from $900.00 to $840.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Sanford C. Bernstein cut their target price on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating on the stock in a research note on Thursday, April 30th. BNP Paribas Exane started coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an "outperform" rating on the stock. Stifel Nicolaus cut their target price on Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. Finally, Benchmark started coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set a "buy" rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $840.60.

Meta Platforms Stock Down 0.1%

Shares of NASDAQ META opened at $584.59 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.48 trillion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. The stock's fifty day simple moving average is $620.77 and its two-hundred day simple moving average is $636.68. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued 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. The company had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm's quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the business posted $6.43 EPS. As a group, analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Insider Transactions at Meta Platforms

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 value of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares of the company's stock, valued at $681,890.56. This trade represents a 65.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 41,305 shares of company stock worth $25,567,928. Insiders own 13.53% of the company's stock.

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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