Kapitalo Investimentos Ltda Has $25.17 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Kapitalo Investimentos Ltda cut its Meta Platforms stake by 22.3% in the first quarter, selling 12,649 shares and ending with 43,993 shares valued at about $25.17 million.
• Meta reported a strong quarter, with EPS of $10.44 versus estimates of $6.67 and revenue of $56.31 billion, up 33.1% from a year earlier.
• Analysts remain mostly bullish on META, with a consensus rating of Moderate Buy and an average price target of $835.64, while recent news highlighted AI, commerce, and verification initiatives.

Kapitalo Investimentos Ltda lessened its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,993 shares of the social networking company's stock after selling 12,649 shares during the period. Meta Platforms accounts for 4.7% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 8th biggest position. Kapitalo Investimentos Ltda's holdings in Meta Platforms were worth $25,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of META. First National Bank Sioux Falls increased its holdings in Meta Platforms by 0.7% during the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after purchasing an additional 14 shares during the period. Levin Capital Strategies L.P. lifted its holdings in Meta Platforms by 1.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after buying an additional 14 shares during the period. Vista Capital Partners Inc. grew its position in shares of Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock worth $794,000 after buying an additional 14 shares during the last quarter. Arcataur Capital Management LLC increased its stake in shares of Meta Platforms by 0.9% during the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock valued at $1,146,000 after buying an additional 15 shares during the period. Finally, Acorn Creek Capital LLC increased its stake in shares of Meta Platforms by 0.7% during the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock valued at $1,398,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $595.19 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The firm has a market capitalization of $1.51 trillion, a P/E ratio of 21.64, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $604.51 and a two-hundred day simple moving average of $625.76.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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 for 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 company's revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.43 EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms's payout ratio is presently 7.63%.

Meta Platforms News Summary

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

• Positive Sentiment: A new free verification badge system for Facebook users, which may improve trust and platform quality. Fast Company article
• Positive Sentiment: A dedicated Marketplace seller app with tools for merchants, aimed at making Facebook commerce more useful and organized. Reuters article
• Positive Sentiment: Wall Street commentary remained constructive, with articles highlighting Meta as a strong momentum stock and a potentially attractive AI-era value name.
• Positive Sentiment: Analyst sentiment stayed favorable, including a report that Wells Fargo raised its price target on Meta to $835.00.

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the transaction, the director owned 3,443 shares of the company's stock, valued at approximately $2,092,483.25. This trade represents a 12.68% decrease in their ownership of the stock. The sale 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, COO Javier Olivan sold 3,348 shares of Meta Platforms 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 transaction, the chief operating officer 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 37,948 shares of company stock worth $23,184,319. 13.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on META shares. TD Cowen dropped their price target on Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Barclays raised their target price on shares of Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $810.00 target price on shares of Meta Platforms in a research note on Monday, June 1st. Citigroup reiterated a "strong-buy" rating on shares of Meta Platforms in a research report on Tuesday. Finally, Benchmark initiated coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued a "buy" rating for the company. Five investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $835.64.

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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