Meta Platforms, Inc. $META Shares Sold by Osprey Private Wealth LLC

Key Points

• Osprey Private Wealth LLC trimmed its Meta stake by 3.9% in the first quarter, selling 782 shares and leaving it with 19,266 shares valued at about $11.0 million. Meta remains its 7th largest position, representing 3.2% of holdings.
• Insider selling continued at Meta, with Director Robert M. Kimmitt and COO Javier Olivan both selling shares in recent 10b5-1 transactions. Over the last quarter, insiders sold 39,503 shares worth about $24.2 million.
• Meta’s latest results and outlook remain solid: the company beat quarterly EPS and revenue estimates, and analysts still rate the stock a “Moderate Buy” with a consensus target price of $830.45. The shares were trading at $664.54, with the stock also paying a small quarterly dividend of $0.525.

Osprey Private Wealth LLC lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,266 shares of the social networking company's stock after selling 782 shares during the quarter. Meta Platforms makes up 3.2% of Osprey Private Wealth LLC's holdings, making the stock its 7th largest position. Osprey Private Wealth LLC's holdings in Meta Platforms were worth $11,023,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of META. Auto Owners Insurance Co lifted its holdings in Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock valued at $69,502,379,000 after purchasing an additional 105,154,977 shares in the last quarter. Norges Bank purchased a new stake in shares of Meta Platforms during the fourth quarter worth about $22,152,075,000. Vanguard Group Inc. increased its stake in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Meta Platforms by 488.1% during the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company's stock worth $3,608,445,000 after purchasing an additional 4,537,076 shares during the last quarter. Finally, State Street Corp raised its position in shares of Meta Platforms by 5.1% during the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 500 shares of the firm's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the sale, the director directly owned 3,443 shares in the company, valued at approximately $2,092,483.25. This trade represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of Meta Platforms stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the transaction, the chief operating officer directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 39,503 shares of company stock valued at $24,241,859. 13.53% of the stock is owned by company insiders.

Meta Platforms Trading Down 2.5%

Shares of Meta Platforms stock opened at $664.54 on Friday. The stock has a market cap of $1.68 trillion, a P/E ratio of 24.16, a P/E/G ratio of 1.20 and a beta of 1.25. The stock's 50 day simple moving average is $602.45 and its 200-day simple moving average is $626.87. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year 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.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly 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 return on equity of 36.93% and a net margin of 32.84%.The firm 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 earned $6.43 earnings per share. The business's revenue for the quarter was up 33.1% on a year-over-year basis. Analysts predict that Meta Platforms, Inc. will post 29.42 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Analyst Ratings Changes

Several research firms recently issued reports on META. Guggenheim lowered their price objective on Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Wolfe Research reduced their target price on Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Piper Sandler began coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued an "overweight" rating on the stock. Truist Financial dropped their price target on Meta Platforms from $900.00 to $840.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Finally, Wedbush initiated coverage on Meta Platforms in a research note on Thursday. They issued a "neutral" rating and a $671.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $830.45.

Key Meta Platforms News

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

• Positive Sentiment: Analysts and market commentary continue to frame Meta as a major AI winner, with reports citing significant upside potential and strong hedge fund support. Muse Image: Can Meta Platforms Inc (META) Kill Two Birds With One Stone?
• Positive Sentiment: Meta is still drawing bullish attention for its heavy AI infrastructure spending, including plans for large-scale data center investment and in-house chip development, which investors view as evidence of an aggressive AI strategy. How Meta Platforms (META) Is Strengthening Its AI Infrastructure With Custom Chips and Massive Computing Expansion
• Positive Sentiment: Meta also received a fresh analyst update from Wedbush with a neutral rating and a $671 price target, implying modest upside from current levels. Benzinga coverage of Wedbush rating
• Neutral Sentiment: Coverage around Meta’s AI chatbot safety changes and oversight-board findings adds to the company’s public-policy and product discussion, but these items are not clearly major financial catalysts. Meta now alerts parents if their teen discussed suicide or self-harm with its AI chatbot Meta Oversight Board finds top AI models less likely to criticize repressive regimes
• Negative Sentiment: Meta is facing a lawsuit from former employees alleging AI-driven layoffs disproportionately affected workers on protected leave, which could create legal and reputational risk. Meta employees sue over alleged AI-driven layoffs targeting workers on leave
• Negative Sentiment: Some broader commentary points to insider selling and concerns about the size of Meta’s capital spending, which could weigh on sentiment if investors worry about returns on its AI investments. Meta Vs. Microsoft: Insider Selling Shows Meta's 1.4 Trillion Existential Crisis Worse Than Microsoft's Legal Woes Meta Is Betting $50 Billion on AI Data Centers. Where Does The Stock Go From Here?

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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