Meta Platforms, Inc. $META Shares Sold by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA cut its Meta Platforms stake by 3.3% in the fourth quarter, selling 1,286 shares and leaving it with 37,600 shares valued at about $24.83 million.
• Meta insiders have also been selling recently: Curtis J. Mahoney and Director Robert M. Kimmitt both reduced their positions, and insiders sold 40,568 shares worth about $25.1 million over the last 90 days.
• Despite the selling, Meta’s fundamentals remain strong, with its latest quarter beating EPS estimates and revenue rising 33.1% year over year; analysts still view the stock as a Moderate Buy with a consensus price target around $840.60.

Banque Transatlantique SA lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,600 shares of the social networking company's stock after selling 1,286 shares during the period. Banque Transatlantique SA's holdings in Meta Platforms were worth $24,830,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new position in Meta Platforms in the third quarter worth about $26,000. RHL Group LLC bought a new position in Meta Platforms during the 4th quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms in the 4th quarter worth about $29,000. Niles Investment Management LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $29,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the 4th quarter valued at $42,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction 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. This trade represents a 65.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 504 shares of Meta Platforms stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the transaction, the director directly owned 3,943 shares in the company, valued at approximately $2,481,290.47. This trade represents a 11.33% 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 ninety days, insiders sold 40,568 shares of company stock valued at $25,057,365. Corporate insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $577.22 on Friday. The company's fifty day moving average is $621.27 and its two-hundred day moving average is $634.15. The company has a market cap of $1.46 trillion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.02 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 quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

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

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

META has been the subject of a number of research analyst reports. Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a research note on Tuesday, June 2nd. Truist Financial lowered their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Cantor Fitzgerald dropped their target price on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Raymond James Financial raised shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $810.00 price target on shares of Meta Platforms in a research report on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $840.60.

More Meta Platforms News

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

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for 'AI for work' transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

Meta Platforms 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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