My Personal CFO LLC Has $225,000 Position in Meta Platforms, Inc. $META

Key Points

• My Personal CFO LLC cut its Meta Platforms stake by 71.8% in the first quarter, leaving it with 394 shares valued at about $225,000.
• Meta reported strong first-quarter earnings, posting $10.44 EPS versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year.
• The company continues to attract major institutional ownership, though some analysts have turned more cautious; recent actions included a dividend payout and a mix of insider sales and rating changes.

My Personal CFO LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 71.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394 shares of the social networking company's stock after selling 1,001 shares during the quarter. My Personal CFO LLC's holdings in Meta Platforms were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in 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 acquiring an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co grew its position in shares of Meta Platforms by 76,587.7% in 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 during the last quarter. State Street Corp grew its position in shares of Meta Platforms by 5.1% in the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock valued at $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Meta Platforms by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after purchasing an additional 878,396 shares during the period. Finally, Capital World Investors increased its stake in shares of Meta Platforms by 0.8% during the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock worth $26,112,735,000 after purchasing an additional 310,947 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $612.91 on Thursday. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.00 and a beta of 1.25. 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 debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a fifty day moving average price of $606.34 and a 200-day moving average price of $628.95.

Meta Platforms (NASDAQ:META - Get Free Report) last issued 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. The company had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.Meta Platforms's revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the business earned $6.43 earnings per share. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Activity

In other news, COO Javier Olivan sold 2,778 shares of the company's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the sale, the chief operating officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction that occurred on 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 sale, the insider owned 1,118 shares in the company, valued at $681,890.56. This represents a 65.03% 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. Insiders have sold a total of 39,013 shares of company stock valued at $24,115,999 over the last quarter. 13.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on META shares. The Goldman Sachs Group downgraded Meta Platforms from a "buy" rating to a "sell" rating in a research note on Tuesday, June 2nd. UBS Group cut Meta Platforms from a "buy" rating to a "neutral" rating in a research report on Tuesday, June 2nd. Wolfe Research dropped 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. Benchmark started coverage on shares of Meta Platforms in a research report on Tuesday, June 2nd. They issued a "buy" rating for the company. Finally, Wells Fargo & Company decreased their price target on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $840.60.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Reports that Meta is developing a cloud business to sell excess AI computing capacity and AI model access lifted the stock, since it could turn prior AI spending into near-term revenue and reduce reliance on ads.
• Positive Sentiment: Wall Street reaction has been broadly constructive, with traders rotating into Meta while some AI infrastructure rivals sold off on fears of new competition from a company with major scale and cash flow.
• Neutral Sentiment: Meta also named Alex Schultz as its first chief data officer and promoted Denise Moreno to chief marketing officer, a management change aimed at improving data-driven decision-making in the AI era.
• Neutral Sentiment: Unusually heavy call-option activity showed traders positioning for more upside, reinforcing the market’s bullish tone but not changing the fundamental story by itself.
• Negative Sentiment: Separately, Meta lost a bid to dismiss a multistate lawsuit alleging Facebook and Instagram are addictive to children, keeping a legal overhang in place.

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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