Diversify Wealth Management LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 236.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,830 shares of the social networking company's stock after purchasing an additional 71,523 shares during the quarter. Meta Platforms comprises 1.1% of Diversify Wealth Management LLC's holdings, making the stock its 17th largest position. Diversify Wealth Management LLC's holdings in Meta Platforms were worth $58,260,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RHL Group LLC purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $28,000. Strategic Wealth Advisors LLC purchased a new position in Meta Platforms in the fourth quarter valued at $29,000. Niles Investment Management LLC purchased a new position in Meta Platforms in the fourth quarter valued at $29,000. Bayban boosted its position in Meta Platforms by 100.0% during the first quarter. Bayban now owns 70 shares of the social networking company's stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 79.91% of the company's stock.
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
- Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
- Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
- Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
- Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title
Insiders Place Their Bets
In other news, COO Javier Olivan sold 3,348 shares of the firm's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares in the company, valued at $5,708,013.06. This trade represents a 26.06% decrease in their ownership of the stock. The sale 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. Also, insider Curtis J. Mahoney sold 2,079 shares of the company's stock in a transaction that occurred on 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 approximately $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. In the last quarter, insiders sold 39,503 shares of company stock valued at $24,241,859. Corporate insiders own 13.53% of the company's stock.
Meta Platforms Trading Down 2.8%
Shares of NASDAQ:META opened at $646.01 on Friday. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The company has a market cap of $1.63 trillion, a PE ratio of 23.48, a P/E/G ratio of 1.17 and a beta of 1.25. 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's 50 day moving average is $603.17 and its two-hundred day moving average is $627.00.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results 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 firm 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%.The firm's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the company posted $6.43 earnings per share. Equities analysts predict that Meta Platforms, Inc. will post 29.42 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms's payout ratio is 7.63%.
Wall Street Analysts Forecast Growth
META has been the subject of a number of research analyst reports. Wedbush began coverage on shares of Meta Platforms in a research report on Thursday. They set a "neutral" rating and a $671.00 price objective for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Meta Platforms in a research note on Wednesday, July 8th. Erste Group Bank raised Meta Platforms from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Stifel Nicolaus decreased their price objective on Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Finally, Roth Capital reaffirmed a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $830.45.
View Our Latest Analysis on META
Meta Platforms Company Profile
(
Free Report)
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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