Meta Platforms, Inc. $META Stock Holdings Lessened by DE Burlo Group Inc.

Key Points

• DE Burlo Group Inc. cut its Meta Platforms stake by 63.3% in the fourth quarter, leaving it with 19,220 shares worth about $12.7 million.
• Meta insiders have also been selling shares, including CFO Susan J. Li and Director Robert M. Kimmitt, with 39,170 shares sold by insiders over the last three months.
• Analysts remain broadly constructive despite some mixed calls, with Meta carrying a Moderate Buy consensus and a target price of $840.60; the company also recently beat earnings expectations and announced a quarterly dividend.

DE Burlo Group Inc. reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 63.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,220 shares of the social networking company's stock after selling 33,120 shares during the quarter. Meta Platforms makes up 1.5% of DE Burlo Group Inc.'s portfolio, making the stock its 25th biggest position. DE Burlo Group Inc.'s holdings in Meta Platforms were worth $12,687,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of META. Brighton Jones LLC lifted its position in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the last quarter. Headwater Capital Co Ltd lifted its position in shares of Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after buying an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in shares of Meta Platforms in the 2nd quarter worth about $213,000. Finally, Capital & Planning LLC bought a new position in shares of Meta Platforms in the 2nd quarter worth about $322,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $8,014,978.24. The trade was a 41.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, Director Robert M. Kimmitt sold 504 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $317,162.16. Following the sale, the director owned 3,943 shares in the company, valued at $2,481,290.47. This trade represents a 11.33% 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. Insiders sold 39,170 shares of company stock worth $24,218,565 in the last three months. Insiders own 13.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on META. Susquehanna upgraded shares of Meta Platforms from a "positive" rating to a "positive" rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group downgraded shares of Meta Platforms from a "buy" rating to a "sell" rating in a research report on Tuesday, June 2nd. Arete Research set a $735.00 price objective on shares of Meta Platforms and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Guggenheim cut their price objective on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Finally, Raymond James Financial upgraded shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a research report on Tuesday, June 2nd. Three research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $840.60.

More Meta Platforms News

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

• Positive Sentiment: Meta is expanding its AI infrastructure globally, including a new AI-enabled data center partnership in India with Reliance Industries, reinforcing confidence in its long-term artificial intelligence strategy.
• Positive Sentiment: The company launched Instagram Plus globally, an optional subscription product that could help diversify revenue beyond advertising.
• Positive Sentiment: Analysts and commentary from Morgan Stanley, Zacks, and others continued to describe Meta as a high-quality growth and compounder stock, with recent earnings still viewed as strong.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $566.98 on Monday. The company has a market cap of $1.43 trillion, a PE ratio of 20.61, a P/E/G ratio of 1.00 and a beta of 1.23. The company's 50-day moving average price is $621.15 and its 200 day moving average price is $636.05. 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 quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the previous year, the firm earned $6.43 EPS. Meta Platforms's revenue was up 33.1% on a year-over-year basis. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

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

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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