First Business Financial Services Inc. Boosts Holdings in Meta Platforms, Inc. $META

Key Points

• First Business Financial Services Inc. boosted its Meta Platforms stake by 237.7% in the fourth quarter, bringing its holdings to 3,843 shares worth about $2.54 million.
• Meta reported strong Q1 results, with earnings of $10.44 per share and revenue of $56.31 billion, both above analyst estimates. Revenue grew 33.1% year over year, and analysts expect full-year EPS of 29.35.
• Meta recently announced a quarterly dividend of $0.525 per share, while also exploring new growth avenues such as paid subscriptions across its apps and a possible future cloud business.

First Business Financial Services Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 237.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,843 shares of the social networking company's stock after buying an additional 2,705 shares during the period. First Business Financial Services Inc.'s holdings in Meta Platforms were worth $2,537,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in META. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings 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 worth $5,537,000 after buying an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its holdings in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after buying an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Meta Platforms in the second quarter worth about $213,000. Finally, Capital & Planning LLC purchased a new position in shares of Meta Platforms in the second quarter worth about $322,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity

In related news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares of the company's stock, valued at $681,890.56. The trade was a 65.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer directly owned 414 shares in the company, valued at approximately $251,641.62. The trade was 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. Insiders sold 42,445 shares of company stock valued at $26,306,420 in the last three months. Corporate insiders own 13.53% of the company's stock.

Meta Platforms Trading Down 0.4%

Shares of Meta Platforms stock opened at $632.51 on Friday. The firm has a market cap of $1.60 trillion, a PE ratio of 22.99, a PEG ratio of 1.13 and a beta of 1.25. 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 1 year low of $520.26 and a 1 year high of $796.25. The company has a 50 day simple moving average of $617.84 and a two-hundred day simple moving average of $636.88.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business's quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the business posted $6.43 EPS. Analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's payout ratio is presently 7.63%.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta's Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
• Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
• Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
• Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”

Wall Street Analyst Weigh In

Several research firms have recently weighed in on META. Wall Street Zen downgraded shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Morgan Stanley reduced their target price on shares of Meta Platforms from $825.00 to $775.00 and set an "overweight" rating for the company in a research note on Monday, March 30th. Wolfe Research reduced their target price on shares of Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a research note on Friday, April 10th. Barclays lifted their target price on shares of Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein reduced their target price on shares of Meta Platforms from $900.00 to $850.00 and set an "outperform" rating for the company in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $840.19.

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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