Clearwave Capital LLC Takes $2.46 Million Position in Meta Platforms, Inc. $META

Key Points

• Clearwave Capital LLC opened a new position in Meta Platforms, buying 3,722 shares valued at about $2.46 million. Meta now accounts for 1.8% of the fund’s holdings.
• Institutional interest in META remains strong overall, with hedge funds and other investors owning 79.91% of the stock. Several funds added to positions in recent filings, though some insider selling was also reported.
• Meta is getting mixed headlines: analysts remain largely bullish on its AI strategy and infrastructure expansion, but the stock is also facing execution, security, and regulatory concerns, including an AI executive departure and a campaign finance penalty ruling.

Clearwave Capital LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,722 shares of the social networking company's stock, valued at approximately $2,457,000. Meta Platforms makes up 1.8% of Clearwave Capital LLC's holdings, making the stock its 14th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in META. Brighton Jones LLC increased its stake 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 worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd lifted its stake in shares of Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in Meta Platforms in the second quarter worth $213,000. Finally, Capital & Planning LLC bought a new stake in Meta Platforms in the second quarter worth $322,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for 'AI for work' transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

Analyst Upgrades and Downgrades

Several research firms have weighed in on META. Rosenblatt Securities restated a "buy" rating and set a $1,015.00 target price on shares of Meta Platforms in a report on Thursday, May 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a research note on Friday, March 27th. Bank of America lowered their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a report on Monday, April 20th. The Goldman Sachs Group downgraded Meta Platforms from a "buy" rating to a "sell" rating in a research note on Tuesday, June 2nd. Finally, Citizens Jmp restated a "market outperform" rating and issued a $900.00 target price on shares of Meta Platforms in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $840.60.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 504 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the transaction, the director directly owned 3,943 shares in the company, valued at approximately $2,481,290.47. This represents a 11.33% decrease in their ownership of the stock. The sale 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, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 1,118 shares of the company's stock, valued at approximately $681,890.56. This trade represents a 65.03% 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. In the last quarter, insiders sold 40,568 shares of company stock worth $25,057,365. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $577.22 on Friday. 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 fifty-two week low of $520.26 and a fifty-two week high of $796.25. The firm has a fifty day moving average price of $621.27 and a two-hundred day moving average price of $634.15. The company has a market cap of $1.46 trillion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23.

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. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period last year, the business posted $6.43 EPS. The business's quarterly revenue was up 33.1% on a year-over-year basis. Analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

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

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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