Meta Platforms, Inc. $META is Telligent Fund LP's 9th Largest Position

Key Points

• Telligent Fund LP reduced its Meta stake by 12.5% in the fourth quarter, selling 1,000 shares and leaving it with 7,000 shares worth about $4.62 million. Meta now makes up 5.1% of the fund’s portfolio and is its 9th largest holding.
• Meta reported strong quarterly results, with earnings of $10.44 per share versus analysts’ $6.67 estimate and revenue of $56.31 billion, up 33.1% year over year. The company also announced a quarterly dividend of $0.525 per share, or $2.10 annually.
• Investor sentiment remains mixed: several analysts still rate Meta a buy, but the stock is facing concerns over possible AI-related fundraising, delayed AI product launches, and privacy/regulatory pressures. Insider selling has also been notable, with CFO Susan J. Li and other executives trimming shares over the last 90 days.

Telligent Fund LP lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the social networking company's stock after selling 1,000 shares during the quarter. Meta Platforms comprises 5.1% of Telligent Fund LP's portfolio, making the stock its 9th largest holding. Telligent Fund LP's holdings in Meta Platforms were worth $4,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in META. Vanguard Group Inc. grew its holdings in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after buying an additional 7,269,279 shares in the last quarter. State Street Corp grew its holdings in Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock valued at $64,158,971,000 after buying an additional 1,650,435 shares in the last quarter. Danske Bank A S purchased a new position in Meta Platforms during the 3rd quarter valued at about $1,191,175,000. PFA Pension Forsikringsaktieselskab purchased a new position in Meta Platforms during the 4th quarter valued at about $813,994,000. Finally, Concentrum Wealth Management grew its holdings in Meta Platforms by 948.7% during the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock valued at $913,000 after buying an additional 1,124,998 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $593.00 on Monday. The business has a 50 day moving average of $618.83 and a 200 day moving average of $636.81. The company has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.05 and a beta of 1.23. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

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

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a $0.525 dividend. 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 payout ratio is presently 7.63%.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction that occurred 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 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 filing 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, insider Curtis J. Mahoney sold 2,079 shares of the business'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 value of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. The trade was a 65.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,305 shares of company stock worth $25,567,928 over the last ninety days. Corporate insiders own 13.53% of the company's stock.

Meta Platforms News Roundup

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

• Negative Sentiment: Meta is reportedly weighing a large stock sale to fund AI infrastructure, sparking dilution concerns and pressuring the shares. Article: Meta weighs big equity raising after blockbuster Google deal
• Negative Sentiment: Meta’s AI rollout has faced another delay, with the Muse Spark developer API still lacking a launch date, raising questions about when the company can monetize its AI investments. Article: Meta repeatedly pushes back new AI model release for developers
• Negative Sentiment: Privacy concerns resurfaced after reports that Meta smart glasses could use facial-recognition-style “faceprint” tracking, which could invite regulatory scrutiny and consumer backlash. Article: Code Reveals Meta Smart Glasses Can Use 'Faceprint' Tracking, Raising Privacy Alarms
• Negative Sentiment: Meta is also battling renewed policy and legal pressure in Australia over proposed payments for news, adding another regulatory overhang. Article: Meta accuses Australia of breaching FTA, invokes US 'trade action'
• Neutral Sentiment: Meta continues to receive bullish long-term commentary from some analysts and investors who view it as a major AI and advertising platform, but that optimism is being overshadowed today by funding and execution concerns. Article: Analyst Sees Multi-Billion Dollar Potential In Meta Platforms’ Subscription Model

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on META. Benchmark began coverage on Meta Platforms in a report on Tuesday, June 2nd. They set a "buy" rating for the company. TD Cowen reduced their target price on Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Arete Research set a $735.00 target price on Meta Platforms and gave the company a "buy" rating in a report on Tuesday, June 2nd. Raymond James Financial upgraded Meta Platforms from an "underperform" rating to an "outperform" rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $840.60.

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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