Nwam LLC Reduces Stock Position in Meta Platforms, Inc. $META

Key Points

• Nwam LLC trimmed its Meta Platforms stake by 5.9% in the fourth quarter, selling 1,541 shares and leaving it with 24,481 shares worth about $16.5 million.
• Despite the reduction by one investor, Meta remains heavily owned by institutions, with 79.91% of shares held by institutional investors. Several large funds, including Vanguard and State Street, increased their positions.
• Meta beat quarterly expectations, reporting $10.44 EPS on revenue of $56.31 billion, while analysts continue to view the stock favorably with a consensus rating of Moderate Buy and an average target price of $840.31.

Nwam LLC lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,481 shares of the social networking company's stock after selling 1,541 shares during the period. Meta Platforms comprises about 0.9% of Nwam LLC's investment portfolio, making the stock its 17th biggest holding. Nwam LLC's holdings in Meta Platforms were worth $16,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings 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 valued at $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. State Street Corp raised its holdings in shares of Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock valued at $64,158,971,000 after acquiring an additional 1,650,435 shares in the last quarter. Capital World Investors raised its holdings in shares of Meta Platforms by 0.7% during the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock valued at $28,823,375,000 after acquiring an additional 278,180 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Meta Platforms by 0.8% during the third quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock valued at $12,597,374,000 after acquiring an additional 142,229 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Meta Platforms by 4.1% during the third quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company's stock valued at $10,525,258,000 after acquiring an additional 558,792 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 1.4%

Shares of NASDAQ META opened at $602.61 on Wednesday. The firm's 50 day moving average price is $620.35 and its 200-day moving average price is $637.91. The company has a market cap of $1.52 trillion, a PE ratio of 21.91, a P/E/G ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-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.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the firm earned $6.43 EPS. Meta Platforms's revenue was up 33.1% on a year-over-year basis. On average, equities research analysts expect that Meta Platforms, Inc. will post 29.65 EPS for the current fiscal year.

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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 56,571 shares of the business's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 171,517 shares of company stock valued at $109,138,067. 13.53% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on META shares. Rothschild & Co Redburn set a $900.00 target price on Meta Platforms in a report on Monday, January 26th. Argus restated a "buy" rating and set a $800.00 target price on shares of Meta Platforms in a report on Monday, February 2nd. Robert W. Baird upped their target price on Meta Platforms from $815.00 to $830.00 and gave the stock an "outperform" rating in a report on Thursday, January 29th. Jefferies Financial Group upped their target price on Meta Platforms from $910.00 to $1,000.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Finally, Canaccord Genuity Group upped their target price on Meta Platforms from $900.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $840.31.

More Meta Platforms News

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

• Negative Sentiment: Meta began laying off about 8,000 employees, or roughly 10% of its workforce, as part of a broader AI-first transformation. The move highlights rising restructuring costs and suggests more cuts could follow later this year. Meta Begins Laying Off 8,000 Employees Amid A.I. Transformation
• Negative Sentiment: Reports that Meta is cutting jobs while ramping up AI investment have kept attention on margin pressure and the scale of the company’s AI spending bill, which some investors view as a near-term drag on earnings. Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
• Neutral Sentiment: Meta offered rival AI chatbot makers limited free access to WhatsApp in Europe before charging once usage limits are reached. The move could support platform engagement and developer adoption, but the financial impact is still unclear. Exclusive: Meta offers AI rival chatbots limited free WhatsApp access, sources say
• Neutral Sentiment: Meta also drew attention for new AI-related product and safety initiatives, including an incognito chat feature for WhatsApp’s AI assistant and new parental supervision tools, but these are not likely to move the stock in the near term. Meta Platforms (META) Launching Incognito Chat for WhatsApp AI Assistant

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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