Meta Platforms, Inc. $META Holdings Lessened by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S cut its Meta Platforms stake by 21.3% in the first quarter, selling 95,976 shares and leaving it with 355,175 shares worth about $201.8 million.
• Meta’s stock has been the subject of mixed analyst activity, but the overall view remains Moderate Buy with a consensus price target of $840.60, according to MarketBeat.
• Meta reported strong quarterly results, with EPS of $10.44 and revenue of $56.31 billion, both beating estimates, even as the stock was down 2.3% amid broader tech-sector weakness and some insider selling.

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,175 shares of the social networking company's stock after selling 95,976 shares during the quarter. Meta Platforms makes up about 2.1% of BI Asset Management Fondsmaeglerselskab A S's investment portfolio, making the stock its 6th largest holding. BI Asset Management Fondsmaeglerselskab A S's holdings in Meta Platforms were worth $201,772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Westchester Capital Management Inc. bought a new position in Meta Platforms in the 3rd quarter worth $26,000. RHL Group LLC bought a new stake in Meta Platforms during the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the fourth quarter valued at about $29,000. Safe Harbor Fiduciary LLC purchased a new stake in Meta Platforms in the fourth quarter worth about $42,000. Finally, Key Capital Management INC purchased a new stake in Meta Platforms in the fourth quarter worth about $48,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

META has been the topic of a number of analyst reports. Sanford C. Bernstein lowered their price objective on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating on the stock in a research report on Thursday, April 30th. Citizens Jmp reissued a "market outperform" rating and issued a $900.00 target price on shares of Meta Platforms in a report on Tuesday, April 21st. Raymond James Financial upgraded shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a research note on Tuesday, June 2nd. Stifel Nicolaus lowered their price target on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Finally, TD Cowen dropped their price target on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $840.60.

Insider Buying and Selling at Meta Platforms

In other news, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction dated 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 owned 1,118 shares in the company, valued at $681,890.56. This trade represents a 65.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 504 shares of Meta Platforms stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the sale, the director directly owned 3,943 shares in the company, valued at $2,481,290.47. This trade represents a 11.33% 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. In the last ninety days, insiders have sold 39,013 shares of company stock worth $24,115,999. Insiders own 13.53% of the company's stock.

Key Meta Platforms News

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

• Positive Sentiment: Meta is making a major strategic push in India, investing $900 million in fintech startup CRED and appointing its founder, Kunal Shah, to lead WhatsApp. Investors may view this as a growth-oriented move that strengthens Meta’s positioning in a key market. Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
• Positive Sentiment: Analysts and commentators continued to highlight upside potential for META, with reports noting Wall Street price targets implying substantial upside and framing the recent pullback as a buying opportunity. Meta Taps New WhatsApp Boss as Part of $900 Million Investment
• Neutral Sentiment: Meta is expanding Instagram beyond mobile with new TV features, a product move that could open another engagement channel but is not yet a material financial catalyst. Meta Takes on Streaming Giants With New ‘Instagram for TV' Offerings
• Neutral Sentiment: Meta is pausing an internal mouse-tracking and employee activity program while it reviews data-security concerns. The move may reduce near-term controversy, but it also underscores internal governance and privacy issues around its AI efforts. Meta to pause internal mouse-tracking tech while examining data security issues
• Negative Sentiment: Reports of a leaked employee-activity database from Meta’s AI training program intensified backlash and raised concerns about internal data security and employee trust, which can weigh on sentiment. Meta pauses an AI training program that tracks employees' keystrokes after a companywide leak
• Negative Sentiment: Shares are also being dragged by a broader tech selloff, with Meta included in a drop across the Magnificent 7 as investors rotate out of high-growth names. The Magnificent 7 Selloff Is a Rare Buying Opportunity

Meta Platforms Stock Down 2.3%

NASDAQ META opened at $563.85 on Tuesday. The stock's 50 day moving average is $619.98 and its 200 day moving average is $633.52. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The stock has a market cap of $1.43 trillion, a PE ratio of 20.50, a P/E/G ratio of 1.02 and a beta of 1.23.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $6.43 EPS. Research analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is presently 7.63%.

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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