Meta Platforms, Inc. $META Holdings Reduced by Unique Wealth LLC

Key Points

• Unique Wealth LLC reduced its Meta Platforms stake by 25.2% in the first quarter, selling 914 shares and ending with 2,717 shares worth about $1.55 million.
• Several other institutional investors adjusted their positions in Meta, and the stock remains heavily owned by institutions at 79.91%.
• Meta reported strong quarterly results, with EPS of $10.44 topping estimates and revenue rising 33.1% year over year to $56.31 billion, while analysts currently rate the stock a Moderate Buy.

Unique Wealth LLC cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,717 shares of the social networking company's stock after selling 914 shares during the period. Unique Wealth LLC's holdings in Meta Platforms were worth $1,554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Keybank National Association OH raised its position in Meta Platforms by 15.7% in the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock valued at $88,319,000 after buying an additional 18,169 shares during the last quarter. WMS Group LLC bought a new stake in Meta Platforms in the 4th quarter valued at approximately $876,000. Becker Capital Management Inc. boosted its position in Meta Platforms by 5.0% during the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock worth $25,741,000 after acquiring an additional 1,657 shares during the last quarter. Diversified Trust Co. boosted its position in Meta Platforms by 4.1% during the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock worth $55,487,000 after acquiring an additional 3,336 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its stake in shares of Meta Platforms by 16.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock worth $5,091,000 after acquiring an additional 968 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, Director Robert M. Kimmitt sold 504 shares of the firm's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $317,162.16. Following the sale, the director owned 3,943 shares of the company's stock, valued at approximately $2,481,290.47. This trade represents a 11.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the sale, the insider directly 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. 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. In the last 90 days, insiders have sold 39,013 shares of company stock worth $24,115,999. Corporate insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $562.60 on Tuesday. The firm has a market cap of $1.42 trillion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.23. 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 1-year low of $520.26 and a 1-year high of $796.25. The business's 50 day moving average is $609.99 and its 200-day moving average is $629.84.

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

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Susquehanna upgraded Meta Platforms from a "positive" rating to a "positive" rating in a report on Tuesday, June 2nd. Arete Research set a $735.00 price objective on Meta Platforms and gave the company a "buy" rating in a report on Tuesday, June 2nd. Raymond James Financial raised Meta Platforms from an "underperform" rating to an "outperform" rating in a research report on Tuesday, June 2nd. Finally, Erste Group Bank lowered Meta Platforms from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $840.60.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta is being highlighted as a market outperformer, with coverage noting it has exceeded broader market returns, reinforcing the view that investors still see strong fundamentals behind the stock. Article Title
• Positive Sentiment: Meta and EssilorLuxottica launched a cheaper new line of AI smart glasses starting at $299, which could expand adoption of its wearables strategy and support long-term growth. Article Title
• Positive Sentiment: Meta’s analyst consensus remains “Moderate Buy,” suggesting Wall Street still sees upside potential despite recent volatility. Article Title
• Positive Sentiment: Multiple pieces point to Meta being a preferred growth stock for long-term investors, including commentary citing billionaire Dan Loeb’s bullish stance. Article Title
• Neutral Sentiment: Coverage comparing Meta with Snap underscores Meta’s much larger revenue base and more consistent growth, but this is more of a fundamentals refresher than a new catalyst. Article Title
• Negative Sentiment: Reports that Google is limiting Meta’s use of Gemini AI models raise a potential constraint on Meta’s access to outside AI compute capacity, which could be a modest headwind for its AI development plans. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.