Free Trial

Cypress Asset Management Inc. TX Acquires 1,307 Shares of Meta Platforms, Inc. $META

Meta Platforms logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • Cypress Asset Management bought 1,307 shares of Meta, increasing its stake to 14,678 shares worth $9.689 million, making Meta about 2.1% of its portfolio and its 14th largest holding.
  • Meta reported a strong Q1 beat, with EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion (up 33.1% year-over-year), supporting a consensus "Moderate Buy" and a $840.31 average target.
  • Significant near-term risks include heavy capex/data‑center financing (about $13 billion) and mounting legal/regulatory pressure — notably publisher copyright suits, EU/Irish probes, and a New Mexico youth‑harm trial — alongside substantial insider stock sales.
  • Five stocks to consider instead of Meta Platforms.

Cypress Asset Management Inc. TX raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,678 shares of the social networking company's stock after buying an additional 1,307 shares during the period. Meta Platforms comprises about 2.1% of Cypress Asset Management Inc. TX's holdings, making the stock its 14th largest position. Cypress Asset Management Inc. TX's holdings in Meta Platforms were worth $9,689,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in META. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms in the third quarter valued at $26,000. Key Capital Management INC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at about $48,000. Fairway Wealth LLC raised its holdings in shares of Meta Platforms by 36.8% in the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock valued at $51,000 after purchasing an additional 21 shares during the last quarter. Dorato Capital Management purchased a new stake in shares of Meta Platforms in the fourth quarter valued at about $62,000. Finally, PMV Capital Advisers LLC raised its holdings in shares of Meta Platforms by 26.3% in the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company's stock valued at $63,000 after purchasing an additional 20 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $604.96 on Wednesday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a 50-day simple moving average of $628.61 and a 200 day simple moving average of $646.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $1.53 trillion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter last year, the company posted $6.43 earnings per share. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. On average, research analysts predict that Meta Platforms, Inc. will post 29.59 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 16th. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America lowered their target price on shares of Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a report on Monday, April 20th. KeyCorp reiterated an "overweight" rating and issued a $760.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. TD Cowen lowered their target price on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a report on Friday, March 27th. Finally, 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 report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus target price of $840.31.

Read Our Latest Analysis on Meta Platforms

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 8,089 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer owned 2,841 shares in the company, valued at $1,793,352.84. This trade represents a 74.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan J. Li sold 56,571 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $644.70, for a total transaction of $36,471,323.70. The disclosure for this sale is available in the SEC filing. Insiders sold 166,638 shares of company stock worth $106,697,681 over the last quarter. 13.61% of the stock is currently owned by company insiders.

More Meta Platforms News

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

Meta Platforms Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Meta Platforms Right Now?

Before you consider Meta Platforms, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.

While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines