Keudell Morrison Wealth Management Takes Position in Meta Platforms, Inc. $META

Key Points

• Keudell Morrison Wealth Management disclosed a new fourth-quarter stake in Meta Platforms, buying 3,142 shares valued at about $2.07 million.
• Institutional interest in Meta remains strong, with several funds adding to positions and 79.91% of the stock now owned by institutional investors.
• Meta reported strong quarterly results, with EPS of $10.44 beating estimates and revenue rising 33.1% year over year; the company also announced a quarterly dividend of $0.525 per share.

Keudell Morrison Wealth Management acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,142 shares of the social networking company's stock, valued at approximately $2,074,000.

Several other institutional investors and hedge funds have also made changes to their positions in META. Brighton Jones LLC boosted its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. Headwater Capital Co Ltd boosted its holdings in shares of Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in shares of Meta Platforms in the second quarter valued at approximately $213,000. Finally, Capital & Planning LLC bought a new position in shares of Meta Platforms in the second quarter valued at approximately $322,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Javier Olivan sold 2,778 shares of the firm's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer owned 10,557 shares of the company's stock, valued at approximately $6,645,103.65. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the transaction, the insider directly owned 1,118 shares of the company's stock, valued at $681,890.56. This represents a 65.03% decrease in their position. 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 90 days, insiders sold 40,890 shares of company stock worth $25,315,558. Company insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $632.51 on Monday. The company has a 50 day moving average price of $617.84 and a 200 day moving average price of $636.92. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. 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 firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.12 and a beta of 1.23.

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

Meta Platforms Announces Dividend

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 paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Analyst Ratings Changes

Several research firms have recently issued reports on META. Tigress Financial increased their price objective on shares of Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a report on Wednesday, March 18th. Mizuho reduced their target price on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a report on Tuesday, May 5th. Weiss Ratings restated a "buy (b)" rating on shares of Meta Platforms in a report on Friday, March 27th. Citizens Jmp restated a "market outperform" rating and set a $900.00 target price on shares of Meta Platforms in a report on Tuesday, April 21st. Finally, Argus restated a "buy" rating and set a $800.00 target price on shares of Meta Platforms in a report on Monday, February 2nd. Four research 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. Based on data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $840.19.

Key Stories Impacting 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 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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