Future Fund LLC Sells 2,620 Shares of Meta Platforms, Inc. $META

Future Fund LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 46.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,991 shares of the social networking company's stock after selling 2,620 shares during the period. Future Fund LLC's holdings in Meta Platforms were worth $1,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co lifted its position in shares of Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares during the last quarter. State Street Corp lifted its position in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Meta Platforms by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock valued at $34,734,628,000 after purchasing an additional 878,396 shares during the period. Finally, Capital World Investors boosted its stake in shares of Meta Platforms by 0.8% during the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock valued at $26,112,735,000 after purchasing an additional 310,947 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 2.6%

NASDAQ META opened at $627.17 on Thursday. 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 moving average price of $605.14 and a 200 day moving average price of $626.29. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.59 trillion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released 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. The business had revenue of $56.31 billion for 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 revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company earned $6.43 earnings per share. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 30.04 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares in the company, valued at approximately $8,014,978.24. The trade was a 41.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, COO Javier Olivan sold 3,348 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the transaction, the chief operating officer directly owned 9,498 shares of the company's stock, valued at $5,708,013.06. The trade was a 26.06% 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. Over the last quarter, insiders sold 37,948 shares of company stock valued at $23,184,319. 13.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on META. UBS Group lowered their price objective on shares of Meta Platforms from $865.00 to $766.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a research note on Tuesday, June 2nd. Weiss Ratings lowered Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 26th. Piper Sandler initiated coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued an "overweight" rating on the stock. Finally, Roth Capital restated a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $835.64.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: A Florida teen dropped his lawsuit against Meta over alleged social-media addiction harms ahead of trial, reducing legal overhang and removing a potential headline risk for the company.
• Positive Sentiment: Jefferies said Meta’s AI glasses could become a long-term hardware growth driver, noting strong early product reception and Meta’s first-mover advantage in shipping AI glasses at scale.
• Positive Sentiment: Multiple reports highlighted strong demand for AI infrastructure led by Meta, including record hyperscaler leasing and speculation around a large compute deal with Anthropic, reinforcing confidence in Meta’s AI spending strategy.
• Positive Sentiment: Wells Fargo and Rothschild & Co Redburn both raised price targets on Meta, signaling that some Wall Street analysts remain constructive on the stock’s longer-term upside.
• Neutral Sentiment: Meta continues to face mixed sentiment around its AI push, including scrutiny over heavy capital spending and broader concerns about big-tech debt and future infrastructure commitments.
• Neutral Sentiment: Commentary comparing Meta with other Magnificent 7 names suggests investors are watching upcoming earnings closely for signs that the company can re-accelerate enthusiasm around the stock.
• Negative Sentiment: Analysts cited by Zacks warned Meta may report weaker earnings growth in its upcoming results, which could weigh on sentiment if the company disappoints expectations.
• Negative Sentiment: Several articles continued to focus on regulatory and legal risks tied to social-media harms, including criticism of Meta’s platforms and broader scrutiny of addictive features.

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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