MayTech Global Investments LLC Increases Stock Position in Meta Platforms, Inc. $META

Key Points

• MayTech Global Investments increased its Meta Platforms stake by 0.8% in the fourth quarter, bringing its holdings to 121,534 shares worth about $80.2 million. Meta is now the fund’s third-largest holding and makes up roughly 8.1% of its portfolio.
• Meta continues to attract heavy institutional interest, with major investors like Vanguard, State Street, and Geode Capital also adding shares. Institutions now own 79.91% of the company.
• Recent company updates were mixed but generally constructive: Meta beat quarterly earnings expectations, announced a $0.525 quarterly dividend, and saw several analyst upgrades, though insiders also sold shares and some analysts remain cautious.

MayTech Global Investments LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 121,534 shares of the social networking company's stock after purchasing an additional 1,017 shares during the quarter. Meta Platforms accounts for approximately 8.1% of MayTech Global Investments LLC's holdings, making the stock its 3rd biggest holding. MayTech Global Investments LLC's holdings in Meta Platforms were worth $80,227,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the last quarter. State Street Corp grew its holdings in shares of Meta Platforms by 5.1% in the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after purchasing an additional 878,396 shares during the last quarter. Capital World Investors grew its holdings in shares of Meta Platforms by 0.8% in the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock worth $26,112,735,000 after purchasing an additional 310,947 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Meta Platforms by 2.2% in the 4th quarter. Morgan Stanley now owns 37,553,102 shares of the social networking company's stock worth $24,788,429,000 after purchasing an additional 823,883 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Up 4.7%

Shares of NASDAQ:META opened at $593.48 on Tuesday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company's 50-day moving average price is $621.53 and its two-hundred day moving average price is $635.75. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.50 trillion, a P/E ratio of 21.57, a P/E/G ratio of 1.00 and a beta of 1.23.

Meta Platforms (NASDAQ:META - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the prior year, the firm earned $6.43 EPS. The company's revenue was up 33.1% on a year-over-year basis. As a group, research analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given 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 yield of 0.4%. Meta Platforms's dividend payout ratio is presently 7.63%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the company's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares in the company, valued at approximately $251,641.62. This represents a 94.99% 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. 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 company's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the transaction, the chief financial officer owned 13,186 shares in the company, valued at approximately $8,014,978.24. The trade was a 41.08% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 39,170 shares of company stock valued at $24,218,565. 13.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on META shares. Raymond James Financial raised shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a report on Tuesday, June 2nd. Piper Sandler assumed coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They issued an "overweight" rating on the stock. Rosenblatt Securities reissued a "buy" rating and set a $1,015.00 price objective on shares of Meta Platforms in a report on Thursday, May 28th. Wedbush raised shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a report on Tuesday, June 2nd. Finally, Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $840.60.

Meta Platforms News Summary

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

• Positive Sentiment: Meta launched new Facebook AI Mode features that pull answers from public information across its apps, including Groups and Reels, which analysts say could create a major new revenue stream and improve engagement. Article Title
• Positive Sentiment: Options traders are showing bullish interest after Meta’s AI-fueled pop, suggesting investors are positioning for further upside tied to the new product rollout. Article Title
• Positive Sentiment: Coverage highlighting Meta’s chip ambitions and broader AI strategy is reinforcing the view that its massive AI capex could eventually translate into greater control over infrastructure and better margins. Article Title
• Neutral Sentiment: Several investor-commentary pieces pointed to long-term value creation and argued Meta’s valuation looks attractive versus its growth, but these were mainly opinion-driven rather than new company-specific catalysts. Article Title
• Negative Sentiment: Investors are still weighing Meta’s huge AI spending, which some articles say could pressure profitability or even raise questions about future financing and dilution if the company keeps ramping investment. Article Title
• Negative Sentiment: Meta is also facing reputational and regulatory headwinds, including criticism over AI-unit working conditions, the unwind of its Manus deal, and a proposed UK social media ban for users under 16 that could weigh on future engagement. Article Title

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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