Cambient Family Office LLC Boosts Holdings in Meta Platforms, Inc. $META

Key Points

• Cambient Family Office LLC increased its Meta Platforms stake by 25.3% in the first quarter, adding 1,154 shares to bring its total to 5,708 shares valued at about $3.27 million.
• Meta continues to attract broad institutional interest, with hedge funds and other investors owning 79.91% of the stock. Several firms also recently raised their positions, signaling ongoing confidence in the company.
• Analyst sentiment remains mostly positive: Meta has a consensus rating of “Moderate Buy” with an average price target of $840.60, while the stock recently traded near $612.91 after strong quarterly results.

Cambient Family Office LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,708 shares of the social networking company's stock after buying an additional 1,154 shares during the period. Cambient Family Office LLC's holdings in Meta Platforms were worth $3,266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of META. Brighton Jones LLC increased its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the period. Headwater Capital Co Ltd increased its holdings in Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after buying an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Meta Platforms in the second quarter worth about $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms during the 2nd quarter worth about $322,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on META. Susquehanna upgraded Meta Platforms from a "positive" rating to a "positive" rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Raymond James Financial upgraded Meta Platforms from an "underperform" rating to an "outperform" rating in a research report on Tuesday, June 2nd. Guggenheim dropped their price target on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Finally, Tigress Financial boosted their price target on shares of Meta Platforms from $935.00 to $945.00 and gave the stock a "strong-buy" rating in a report on Wednesday, March 18th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $840.60.

Meta Platforms Price Performance

Meta Platforms stock opened at $612.91 on Thursday. The company has a fifty day simple moving average of $606.34 and a 200-day simple moving average of $628.95. The firm has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.00 and a beta of 1.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. 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 results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share 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 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 revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the firm posted $6.43 earnings per share. On average, equities analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS 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 was Monday, June 15th. Meta Platforms's payout ratio is currently 7.63%.

Meta Platforms News Roundup

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

• Positive Sentiment: Reports that Meta is developing a cloud business to sell excess AI computing capacity and AI model access lifted the stock, since it could turn prior AI spending into near-term revenue and reduce reliance on ads.
• Positive Sentiment: Wall Street reaction has been broadly constructive, with traders rotating into Meta while some AI infrastructure rivals sold off on fears of new competition from a company with major scale and cash flow.
• Neutral Sentiment: Meta also named Alex Schultz as its first chief data officer and promoted Denise Moreno to chief marketing officer, a management change aimed at improving data-driven decision-making in the AI era.
• Neutral Sentiment: Unusually heavy call-option activity showed traders positioning for more upside, reinforcing the market’s bullish tone but not changing the fundamental story by itself.
• Negative Sentiment: Separately, Meta lost a bid to dismiss a multistate lawsuit alleging Facebook and Instagram are addictive to children, keeping a legal overhang in place.

Insider Buying and Selling

In other news, insider Curtis J. Mahoney sold 2,079 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 1,118 shares in the company, valued at $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares in the company, valued at approximately $6,645,103.65. The trade was a 20.83% decrease in their position. 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. In the last quarter, insiders have sold 39,013 shares of company stock valued at $24,115,999. 13.53% of the stock is currently owned by company insiders.

Meta Platforms 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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