Meta Platforms, Inc. $META Shares Bought by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services increased its Meta stake by 35.3% in the fourth quarter, ending with 23,800 shares valued at about $15.7 million. Meta now ranks as the firm’s 19th-largest holding.
• Meta reported strong quarterly results, with earnings of $10.44 per share and revenue of $56.31 billion, both ahead of analyst expectations. Revenue rose 33.1% year over year, and analysts still expect full-year EPS of 29.35.
• Insider activity was mixed, as CFO Susan J. Li and COO Javier Olivan sold shares under pre-arranged trading plans, while institutional ownership remains high at 79.91%. The company also announced a quarterly dividend of $0.525 per share, payable June 25.

Texas Capital Bank Wealth Management Services Inc raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,800 shares of the social networking company's stock after buying an additional 6,209 shares during the period. Meta Platforms makes up approximately 0.9% of Texas Capital Bank Wealth Management Services Inc's holdings, making the stock its 19th largest holding. Texas Capital Bank Wealth Management Services Inc's holdings in Meta Platforms were worth $15,710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms in the third quarter valued at $26,000. RHL Group LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth $29,000. Key Capital Management INC purchased a new stake in shares of Meta Platforms in the 4th quarter worth about $48,000. Finally, Entrust Financial LLC purchased a new stake in shares of Meta Platforms in the 4th quarter worth about $48,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a report on Tuesday. Barclays increased their price target on shares of Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Cantor Fitzgerald dropped their price objective on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Finally, KeyCorp restated an "overweight" rating and set a $760.00 price objective 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 assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $840.60.

Insiders Place Their Bets

In other news, CFO Susan J. Li sold 9,195 shares of the firm's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares in the company, valued at $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the sale, the chief operating officer directly owned 10,557 shares of the company's stock, valued at approximately $6,645,103.65. This represents a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 42,860 shares of company stock worth $26,555,260. 13.53% of the stock is owned by company insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $593.00 on Friday. The stock has a market capitalization of $1.50 trillion, a P/E ratio of 21.56, a P/E/G ratio of 1.11 and a beta of 1.23. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month 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. The firm's 50-day moving average is $618.83 and its two-hundred day moving average is $636.57.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share 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 quarter in the previous year, the business posted $6.43 earnings per share. Equities analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms's payout ratio is 7.63%.

Key Stories Impacting Meta Platforms

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

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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