OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,589 Shares of Meta Platforms, Inc. $META

Key Points

• OCONNOR, a UBS Asset Management unit, sharply reduced its Meta position in the fourth quarter, selling 6,589 shares and leaving it with 1,411 shares worth about $931,000.
• Meta insiders also sold stock, including Director Robert M. Kimmitt and COO Javier Olivan, with insiders selling 39,013 shares worth about $24.1 million over the last 90 days.
• Wall Street remains broadly positive on Meta despite some target-price cuts, with a consensus “Moderate Buy” rating and an average target price of $840.60, while the stock recently opened at $577.22.

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 82.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,411 shares of the social networking company's stock after selling 6,589 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Meta Platforms were worth $931,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in META. SHP Wealth Management acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $4,705,000. Keenan LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at approximately $245,000. Stenger Family Office LLC increased its stake in Meta Platforms by 27.5% during the 4th quarter. Stenger Family Office LLC now owns 22,213 shares of the social networking company's stock worth $14,663,000 after purchasing an additional 4,790 shares in the last quarter. Financial Avengers Inc. increased its stake in Meta Platforms by 8.9% during the 4th quarter. Financial Avengers Inc. now owns 1,113 shares of the social networking company's stock worth $734,000 after purchasing an additional 91 shares in the last quarter. Finally, Employees Provident Fund Board acquired a new stake in Meta Platforms during the 4th quarter worth approximately $808,268,000. Institutional investors own 79.91% of the company's stock.

Insider Activity

In related news, Director Robert M. Kimmitt sold 504 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the transaction, the director directly owned 3,943 shares of the company's stock, valued at approximately $2,481,290.47. This trade represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 140 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $600.00, for a total transaction of $84,000.00. Following the transaction, the chief operating officer owned 12,846 shares in the company, valued at approximately $7,707,600. The trade was a 1.08% 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. In the last 90 days, insiders sold 39,013 shares of company stock valued at $24,115,999. 13.53% of the stock is owned by insiders.

Meta Platforms Stock Performance

Meta Platforms stock opened at $577.22 on Monday. The company has a market cap of $1.46 trillion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.23. The firm has a 50-day moving average of $621.27 and a 200-day moving average of $634.10. 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, Inc. has a one year low of $520.26 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the prior year, the company posted $6.43 earnings per share. Meta Platforms's revenue was up 33.1% on a year-over-year basis. On average, equities analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on META. Wolfe Research reduced their price target on shares of Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Wells Fargo & Company cut their price objective on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Meta Platforms in a research note on Friday, March 27th. Bank of America lowered their target price on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a report on Monday, April 20th. Finally, Erste Group Bank downgraded Meta Platforms from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $840.60.

Key Meta Platforms News

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

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for 'AI for work' transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

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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