Meta Platforms, Inc. $META is Triglav Investments D.O.O.'s 7th Largest Position

Key Points

• Triglav Investments D.O.O. cut its Meta Platforms stake by 14.1% in the fourth quarter, but Meta still ranks as its 7th-largest holding and about 3.7% of its portfolio.
• Meta is facing several near-term headwinds, including reports of a possible equity raise to fund AI infrastructure, delays in AI product launches, and renewed privacy and regulatory scrutiny.
• Despite those concerns, analysts remain broadly constructive: Meta reported strong quarterly earnings that beat expectations, and Wall Street’s consensus rating is Moderate Buy with an average price target of $840.60.

Triglav Investments D.O.O. lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,477 shares of the social networking company's stock after selling 14,670 shares during the period. Meta Platforms accounts for about 3.7% of Triglav Investments D.O.O.'s holdings, making the stock its 7th biggest position. Triglav Investments D.O.O.'s holdings in Meta Platforms were worth $59,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in 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 buying an additional 7,269,279 shares in the last quarter. State Street Corp grew its stake in Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after buying an additional 1,650,435 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 buying an additional 878,396 shares in the last quarter. Capital World Investors grew its stake in Meta Platforms by 0.7% in the 3rd quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock worth $28,823,375,000 after buying an additional 278,180 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Meta Platforms by 0.8% in the 3rd quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock worth $12,597,374,000 after acquiring an additional 142,229 shares during the last quarter. Hedge funds and other institutional investors own 79.91% 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

META has been the subject of a number of recent analyst reports. Tigress Financial upped their price target on shares of Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a report on Wednesday, March 18th. Cantor Fitzgerald decreased their price objective on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Roth Mkm restated a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Mizuho reduced their target price on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 5th. Finally, Bank of America cut their price objective on shares of Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Three equities research 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 stock. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $840.60.

Insider Activity

In related news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction dated Monday, May 18th. The stock was 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 directly owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Meta Platforms 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 owned 1,118 shares of the company's stock, valued at $681,890.56. The trade was a 65.03% 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. Insiders sold 41,305 shares of company stock valued at $25,567,928 over the last ninety days. 13.53% of the stock is owned by corporate insiders.

Meta Platforms Stock Performance

META opened at $593.00 on Monday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.05 and a beta of 1.23. The company's 50 day moving average is $618.83 and its 200 day moving average is $636.81. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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 company had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter last year, the business earned $6.43 EPS. The firm's revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders 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 payout ratio is presently 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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