Expressive Wealth LLC Buys Shares of 1,977 Meta Platforms, Inc. $META

Key Points

• Expressive Wealth LLC initiated a new position in Meta Platforms, buying 1,977 shares valued at about $1.305 million in the fourth quarter. The stake represents roughly 1.4% of the firm’s portfolio.
• Meta shares were down 5.5% and traded around $593, despite the company reporting strong quarterly results earlier, including earnings of $10.44 per share and revenue of $56.31 billion that beat estimates.
• Investors are weighing several headwinds, including reports that Meta may raise equity to fund AI infrastructure, delays in new AI product launches, and renewed privacy and regulatory concerns. Analysts remain broadly positive, with a consensus Moderate Buy rating and an average price target of $840.60.

Expressive Wealth LLC bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,977 shares of the social networking company's stock, valued at approximately $1,305,000. Meta Platforms comprises about 1.4% of Expressive Wealth LLC's holdings, making the stock its 21st biggest position.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the last quarter. State Street Corp boosted its holdings in shares of Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Meta Platforms during the third quarter worth $1,191,175,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Meta Platforms during the fourth quarter worth $813,994,000. Finally, Concentrum Wealth Management boosted its holdings in shares of Meta Platforms by 948.7% during the third quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock worth $913,000 after purchasing an additional 1,124,998 shares during the last quarter. 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:

• Negative Sentiment: Meta is reportedly weighing a large stock sale to fund AI infrastructure, sparking dilution concerns and pressuring the shares. Article: Meta weighs big equity raising after blockbuster Google deal
• Negative Sentiment: Meta’s AI rollout has faced another delay, with the Muse Spark developer API still lacking a launch date, raising questions about when the company can monetize its AI investments. Article: Meta repeatedly pushes back new AI model release for developers
• Negative Sentiment: Privacy concerns resurfaced after reports that Meta smart glasses could use facial-recognition-style “faceprint” tracking, which could invite regulatory scrutiny and consumer backlash. Article: Code Reveals Meta Smart Glasses Can Use 'Faceprint' Tracking, Raising Privacy Alarms
• Negative Sentiment: Meta is also battling renewed policy and legal pressure in Australia over proposed payments for news, adding another regulatory overhang. Article: Meta accuses Australia of breaching FTA, invokes US 'trade action'
• Neutral Sentiment: Meta continues to receive bullish long-term commentary from some analysts and investors who view it as a major AI and advertising platform, but that optimism is being overshadowed today by funding and execution concerns. Article: Analyst Sees Multi-Billion Dollar Potential In Meta Platforms’ Subscription Model

Meta Platforms Trading Down 5.5%

Shares of META opened at $593.00 on Friday. The stock's fifty day simple moving average is $618.83 and its 200 day simple moving average is $636.57. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.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 company posted $6.43 earnings per share. The firm's revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business 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 of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 2,778 shares of the firm's stock in a transaction dated 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 directly owned 10,557 shares of the company's stock, valued at $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. 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 dated 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 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 three months, insiders sold 42,860 shares of company stock valued at $26,555,260. 13.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on META. Arete Research set a $735.00 price objective on Meta Platforms and gave the stock a "buy" rating in a report on Tuesday. Guggenheim decreased their price objective on Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. KeyCorp restated an "overweight" rating and set a $760.00 price objective on shares of Meta Platforms in a report on Thursday, April 30th. TD Cowen decreased their price objective on Meta Platforms from $820.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $810.00 price objective on shares of Meta Platforms in a report on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $840.60.

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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