iA Global Asset Management Inc. Sells 8,734 Shares of Meta Platforms, Inc. $META

Key Points

• iA Global Asset Management trimmed its Meta Platforms stake by 3.0% in the first quarter, selling 8,734 shares and still holding 282,888 shares valued at about $161.8 million.
• Meta’s fundamentals remain strong: the company beat quarterly EPS and revenue estimates, with revenue up 33.1% year over year, and it also paid a quarterly dividend of $0.525 per share.
• Investor sentiment is mixed as analysts remain generally bullish, but concerns persist over heavy AI spending, slower-than-expected AI agent development, and regulatory friction around WhatsApp expansion in India.

iA Global Asset Management Inc. lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,888 shares of the social networking company's stock after selling 8,734 shares during the quarter. Meta Platforms comprises 2.3% of iA Global Asset Management Inc.'s investment portfolio, making the stock its 8th biggest holding. iA Global Asset Management Inc.'s holdings in Meta Platforms were worth $161,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RHL Group LLC acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth approximately $29,000. Niles Investment Management LLC bought a new position in shares of Meta Platforms in the 4th quarter worth $29,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms in the 4th quarter worth $42,000. Finally, Key Capital Management INC acquired a new stake in Meta Platforms in the 4th quarter valued at $48,000. 79.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 2,778 shares of the business's stock in a transaction on 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 owned 10,557 shares of the company's stock, valued at approximately $6,645,103.65. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the company's 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 of the company's stock, valued at $251,641.62. This trade represents a 94.99% decrease in their position. 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. In the last three months, insiders sold 39,013 shares of company stock valued at $24,115,999. Insiders own 13.53% of the company's stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta is being viewed more favorably by some analysts because its AI-powered ads are reportedly improving advertiser returns, which supports revenue growth and suggests its AI spending is starting to pay off. Meta's Capex Is Paying Off, But The Market Doesn't Care
• Positive Sentiment: Reports that Meta may rent out excess GPU capacity and build a cloud-computing business are boosting sentiment, since investors see a potential new monetization avenue beyond digital advertising. Meta's push into cloud computing means Wall Street has to prepare for lower margins
• Positive Sentiment: Meta’s broader AI strategy is also getting support from bullish coverage that argues the company is chasing a huge enterprise AI-compute opportunity and could eventually re-rate higher if execution improves. Senior Analyst: Meta Is Chasing A $2 Trillion AI Compute Opportunity, But It's Years Behind
• Neutral Sentiment: Meta remains a highly followed stock, with traders and analysts continuing to debate whether its AI investment cycle will translate into sustainable earnings growth or just higher spending. Meta Platforms, Inc. (META) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Zuckerberg also acknowledged that Meta’s AI agents are progressing slower than expected, which reinforces investor concerns that some of the company’s ambitious AI initiatives may take longer to monetize. Zuckerberg says AI agent development going slower than expected
• Negative Sentiment: India reportedly asked Meta to delay its WhatsApp username rollout over fraud concerns, creating a potential regulatory hurdle for one of Meta’s most important messaging growth initiatives. India asks Meta to hold WhatsApp username rollout over fraud fears

Meta Platforms Stock Down 0.0%

META opened at $582.88 on Monday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.47 trillion, a P/E ratio of 21.19, a PEG ratio of 1.03 and a beta of 1.25. The company's 50-day moving average is $602.79 and its 200 day moving average is $628.06. 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 (NASDAQ:META - Get Free Report) last issued 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. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.43 EPS. Research analysts expect that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. Meta Platforms's dividend payout ratio is currently 7.63%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on META. Stifel Nicolaus lowered their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a report on Friday, May 1st. UBS Group downgraded shares of Meta Platforms from a "buy" rating to a "neutral" rating in a research report on Tuesday, June 2nd. Wedbush upgraded shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a report on Tuesday, June 2nd. Cantor Fitzgerald dropped their price target on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Finally, Wolfe Research cut their price target on Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $840.64.

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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