New Age Alpha Advisors LLC Has $18.54 Million Stake in Meta Platforms, Inc. $META

Key Points

• New Age Alpha Advisors LLC trimmed its Meta Platforms stake by 4.8% in the fourth quarter, but still held 28,089 shares valued at about $18.54 million, making META its 11th-largest position.
• Meta continues to draw heavy institutional interest, with firms like Vanguard and State Street boosting holdings; overall, institutional investors own 79.91% of the stock.
• The company posted strong quarterly results, with EPS of $10.44 and revenue of $56.31 billion, both topping estimates, while analysts still rate the stock Moderate Buy with a consensus target of $840.60.

New Age Alpha Advisors LLC decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,089 shares of the social networking company's stock after selling 1,417 shares during the quarter. Meta Platforms accounts for about 0.8% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 11th biggest position. New Age Alpha Advisors LLC's holdings in Meta Platforms were worth $18,541,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in META. Vanguard Group Inc. raised its holdings in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. State Street Corp grew its holdings in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Meta Platforms during the 3rd quarter worth approximately $1,191,175,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $813,994,000. Finally, Concentrum Wealth Management increased its position in shares of Meta Platforms by 948.7% during the third quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock valued at $913,000 after purchasing an additional 1,124,998 shares during the period. Institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 2,778 shares of the business's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares of the company's stock, valued at approximately $6,645,103.65. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their position. 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. In the last ninety days, insiders have sold 40,890 shares of company stock valued at $25,315,558. Insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

META opened at $597.63 on Wednesday. The company has a fifty day moving average price of $617.71 and a two-hundred day moving average price of $636.73. The firm has a market capitalization of $1.51 trillion, a PE ratio of 21.72, a P/E/G ratio of 1.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

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, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business's quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.43 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

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 dividend of $0.525 per share. 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 (DPR) is presently 7.63%.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Wall Street sentiment remains constructive, with analysts including RBC reiterating an outperform view and setting a higher price target, suggesting investors still see meaningful upside in Meta’s core ad and AI businesses.
• Positive Sentiment: A new study ranked Meta among the top S&P 500 companies adopting AI, reinforcing the market’s view that AI remains a key long-term growth driver for the company.
• Positive Sentiment: Meta also announced broader teen-safety controls and new Instagram features aimed at safer, more age-appropriate feeds, which may help ease concerns around user safety and regulation.
• Neutral Sentiment: Several articles highlighted Meta as a long-term growth or value stock, reflecting continued investor interest but not a clear near-term catalyst.
• Negative Sentiment: Meta is dialing back its plan to collect employee mouse movements, clicks, and keystrokes for AI training after staff pushback, underscoring internal resistance to how aggressively the company is pursuing AI data collection. Exclusive: Meta scales back AI mouse clicks tool, citing employee concerns
• Negative Sentiment: Hackers reportedly tricked Meta’s AI chatbot into helping them access Instagram accounts, raising fresh concerns about product security and trust in Meta’s AI systems. They tricked Meta's chatbot to hack into Instagram accounts. It's a warning about how much we trust AI.
• Negative Sentiment: Meta continues to face regulatory and legal pressure over scam ads and child-safety issues, including coordinated European complaints and a proposed group legal action in the UK, which could add compliance costs and reputational risk.

Wall Street Analyst Weigh In

META has been the subject of several research reports. Guggenheim reduced their target price on Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Wall Street Zen cut shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a research report on Friday, March 27th. Finally, Piper Sandler started coverage on shares of Meta Platforms in a research note on Tuesday. They issued an "overweight" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $840.60.

Meta Platforms Company 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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