Meta Platforms, Inc. $META Shares Sold by Diversified Trust Co

Key Points

• Diversified Trust Co reduced its Meta Platforms stake by 12.7% in the first quarter, selling 10,636 shares and leaving it with 73,423 shares worth about $42.0 million.
• Meta insiders also sold shares: CTO Andrew Bosworth and CFO Susan J. Li both completed pre-arranged sales tied to tax withholding, and insiders sold 39,013 shares worth roughly $24.1 million over the last 90 days.
• Meta’s fundamentals remain strong, with the company recently beating earnings expectations and posting 33.1% year-over-year revenue growth, while analysts still maintain a consensus rating of “Moderate Buy” with a $840.60 price target.

Diversified Trust Co cut its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,423 shares of the social networking company's stock after selling 10,636 shares during the quarter. Meta Platforms accounts for about 0.8% of Diversified Trust Co's investment portfolio, making the stock its 20th largest holding. Diversified Trust Co's holdings in Meta Platforms were worth $42,008,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in META. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms in the 3rd quarter valued at about $26,000. RHL Group LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $29,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $42,000. Finally, Key Capital Management INC bought a new position in Meta Platforms in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer directly owned 414 shares of the company's stock, valued at approximately $251,641.62. This trade represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, CFO Susan J. Li sold 9,195 shares of Meta Platforms stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the transaction, the chief financial officer owned 13,186 shares in the company, valued at approximately $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 39,013 shares of company stock worth $24,115,999 over the last ninety days. Insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

META stock opened at $563.85 on Tuesday. The company has a market capitalization of $1.43 trillion, a P/E ratio of 20.50, a PEG ratio of 1.02 and a beta of 1.23. The company has a 50-day simple moving average of $619.98 and a 200 day simple moving average of $633.52. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week 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 released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter last year, the company earned $6.43 EPS. Meta Platforms's quarterly revenue was up 33.1% on a year-over-year basis. Sell-side analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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 dividend yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Mizuho decreased their target price on Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a research note on Tuesday, May 5th. Arete Research set a $735.00 price target on Meta Platforms and gave the stock a "buy" rating in a report on Tuesday, June 2nd. UBS Group lowered Meta Platforms from a "buy" rating to a "neutral" rating in a research report on Tuesday, June 2nd. Wedbush upgraded Meta Platforms from an "outperform" rating to a "neutral" rating in a research note on Tuesday, June 2nd. Finally, Wells Fargo & Company dropped their target price on Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Meta Platforms presently has a consensus 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: Meta is making a major strategic push in India, investing $900 million in fintech startup CRED and appointing its founder, Kunal Shah, to lead WhatsApp. Investors may view this as a growth-oriented move that strengthens Meta’s positioning in a key market. Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
• Positive Sentiment: Analysts and commentators continued to highlight upside potential for META, with reports noting Wall Street price targets implying substantial upside and framing the recent pullback as a buying opportunity. Meta Taps New WhatsApp Boss as Part of $900 Million Investment
• Neutral Sentiment: Meta is expanding Instagram beyond mobile with new TV features, a product move that could open another engagement channel but is not yet a material financial catalyst. Meta Takes on Streaming Giants With New ‘Instagram for TV' Offerings
• Neutral Sentiment: Meta is pausing an internal mouse-tracking and employee activity program while it reviews data-security concerns. The move may reduce near-term controversy, but it also underscores internal governance and privacy issues around its AI efforts. Meta to pause internal mouse-tracking tech while examining data security issues
• Negative Sentiment: Reports of a leaked employee-activity database from Meta’s AI training program intensified backlash and raised concerns about internal data security and employee trust, which can weigh on sentiment. Meta pauses an AI training program that tracks employees' keystrokes after a companywide leak
• Negative Sentiment: Shares are also being dragged by a broader tech selloff, with Meta included in a drop across the Magnificent 7 as investors rotate out of high-growth names. The Magnificent 7 Selloff Is a Rare Buying Opportunity

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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