Kingdom Financial Group LLC. Sells 1,361 Shares of Meta Platforms, Inc. $META

Key Points

• Kingdom Financial Group LLC. cut its Meta Platforms stake by 90.8% in the fourth quarter, selling 1,361 shares and leaving it with 138 shares worth about $91,000.
• Meta is pursuing new revenue streams, including paid subscriptions across its apps and Meta AI, and it may eventually explore a cloud business using excess AI/data-center capacity.
• Despite some regulatory and insider-selling concerns, analysts remain broadly positive: Meta has a Moderate Buy consensus rating, and the company recently reported strong quarterly earnings with revenue up 33.1% year over year.

Kingdom Financial Group LLC. lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 90.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138 shares of the social networking company's stock after selling 1,361 shares during the period. Kingdom Financial Group LLC.'s holdings in Meta Platforms were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. bought a new position in Meta Platforms during the third quarter worth about $26,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms during the fourth quarter worth about $29,000. Key Capital Management INC bought a new position in shares of Meta Platforms during the 4th quarter valued at about $48,000. Entrust Financial LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at about $48,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Meta Platforms by 36.8% during the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock valued at $51,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Key Meta Platforms News

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”

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America cut their price objective on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Wolfe Research cut their price objective on Meta Platforms from $850.00 to $800.00 and set an "outperform" rating on the stock in a report on Friday, April 10th. Wells Fargo & Company cut their price objective on Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Piper Sandler reiterated an "overweight" rating and set a $800.00 price objective (down from $880.00) on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $900.00 price objective on shares of Meta Platforms in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $840.19.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. The trade was a 41.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, CTO Andrew Bosworth sold 7,847 shares of the business'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 sale, 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 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. Over the last quarter, insiders have sold 40,890 shares of company stock valued at $25,315,558. 13.53% of the stock is owned by insiders.

Meta Platforms Price Performance

NASDAQ:META opened at $632.51 on Monday. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.23. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The stock's 50 day moving average price is $617.84 and its two-hundred day moving average price is $636.92. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

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

Meta Platforms Announces Dividend

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

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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