Jag Capital Management LLC Sells 28,981 Shares of Meta Platforms, Inc. $META

Key Points

• Jag Capital Management cut its Meta stake by 38.3% in the fourth quarter, selling 28,981 shares and leaving it with 46,678 shares worth about $30.8 million.
• Meta’s latest earnings beat expectations, reporting $10.44 EPS on revenue of $56.31 billion, with revenue up 33.1% year over year.
• The company also announced a quarterly dividend of $0.525 per share, while analysts still view the stock favorably overall with a consensus Moderate Buy rating and target price around $840.19.

Jag Capital Management LLC decreased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 38.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,678 shares of the social networking company's stock after selling 28,981 shares during the quarter. Meta Platforms accounts for about 3.3% of Jag Capital Management LLC's portfolio, making the stock its 8th largest position. Jag Capital Management LLC's holdings in Meta Platforms were worth $30,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new position in Meta Platforms in the third quarter valued at about $26,000. Strategic Wealth Advisors LLC acquired a new position in Meta Platforms in the fourth quarter valued at about $29,000. Key Capital Management INC acquired a new position in Meta Platforms in the fourth quarter valued at about $48,000. Entrust Financial LLC acquired a new position in Meta Platforms in the fourth quarter valued at about $48,000. Finally, Fairway Wealth LLC lifted its stake in Meta Platforms by 36.8% in the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock valued at $51,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Stock Down 0.4%

NASDAQ:META opened at $632.51 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company 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. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The stock has a 50-day simple moving average of $617.84 and a 200 day simple moving average of $636.88.

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 (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 return on equity of 36.93% and a net margin of 32.84%.Meta Platforms's quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the company earned $6.43 earnings per share. On average, sell-side analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a dividend of $0.525 per share. The ex-dividend date is 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 presently 7.63%.

Analyst Ratings Changes

Several equities research analysts have issued reports on META shares. Arete Research restated a "neutral" rating on shares of Meta Platforms in a report on Thursday, March 5th. Erste Group Bank downgraded Meta Platforms from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Roth Mkm restated a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Royal Bank Of Canada restated an "outperform" rating and issued a $810.00 price target on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Stifel Nicolaus lowered their price target on Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and a consensus target price of $840.19.

Insider Transactions at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction dated 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. This trade represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, CFO Susan J. Li sold 9,195 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the transaction, the chief financial officer owned 13,186 shares of the company's stock, valued at approximately $8,014,978.24. The trade was a 41.08% 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 have sold a total of 42,445 shares of company stock valued at $26,306,420 in the last ninety days. Corporate insiders own 13.53% of the company's stock.

Trending Headlines about Meta Platforms

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”

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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