Deltec Asset Management LLC Sells 6,213 Shares of Meta Platforms, Inc. $META

Deltec Asset Management LLC cut its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,971 shares of the social networking company's stock after selling 6,213 shares during the period. Meta Platforms comprises about 2.2% of Deltec Asset Management LLC's investment portfolio, making the stock its 10th largest position. Deltec Asset Management LLC's holdings in Meta Platforms were worth $11,998,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Keybank National Association OH raised its holdings in shares of Meta Platforms by 15.7% in the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after buying an additional 18,169 shares in the last quarter. WMS Group LLC acquired a new stake in Meta Platforms in the 4th quarter valued at $876,000. Diversified Trust Co. grew its position in Meta Platforms by 4.1% in the fourth quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after acquiring an additional 3,336 shares during the period. Cramer Rosenthal Mcglynn LLC grew its position in Meta Platforms by 16.2% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock valued at $5,091,000 after acquiring an additional 968 shares during the period. Finally, Consolidated Investment Group LLC raised its stake in Meta Platforms by 61.2% during the fourth quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock worth $5,215,000 after acquiring an additional 3,000 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Meta Platforms stock opened at $600.29 on Tuesday. The stock has a 50-day simple moving average of $601.61 and a 200 day simple moving average of $627.66. 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 12-month low of $520.26 and a 12-month high of $796.25. The stock has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.03 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 for the quarter, beating 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 firm had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter last year, the company posted $6.43 EPS. The company's quarterly revenue was up 33.1% compared to the same quarter last year. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Wall Street Analysts Forecast Growth

META has been the topic of several recent analyst reports. KeyCorp restated an "overweight" rating and issued a $760.00 target price on shares of Meta Platforms in a research note on Thursday, April 30th. Raymond James Financial upgraded shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a research report on Tuesday, June 2nd. Weiss Ratings downgraded shares of Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 26th. Wedbush upgraded shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen cut shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $840.64.

Meta Platforms News Summary

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

• Positive Sentiment: Several articles highlighted Meta’s expanding AI and cloud ambitions, including a potential move into the “neocloud” business by renting out excess computing capacity. Supporters argue this could open a new revenue stream and turn heavy AI spending into a long-term advantage.
• Positive Sentiment: Commentary also pointed to Meta’s strong core business, with recent revenue growth and high operating margins reinforcing the case that the company can fund large AI investments while still producing substantial cash flow.
• Neutral Sentiment: One report noted a director sold 500 shares under a pre-arranged 10b5-1 plan. Because the sale was scheduled in advance, it is unlikely to signal a meaningful change in insider sentiment.
• Negative Sentiment: Meta disclosed that four U.S. states are seeking $1.4 trillion in penalties in an upcoming August youth-safety trial over allegations that Facebook and Instagram were designed to be addictive for young users and that the company misled the public about safety. The eye-popping figure raises legal risk and reputational concerns.
• Negative Sentiment: Additional reports said India ordered Meta to remove child abuse-related content and ads from Instagram, adding to regulatory pressure and underscoring ongoing moderation and safety concerns across key markets.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares of the company's stock, valued at approximately $681,890.56. This represents a 65.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 39,513 shares of company stock worth $24,419,874. Company insiders own 13.53% of the company's stock.

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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