Osbon Capital Management LLC Buys Shares of 1,401 Meta Platforms, Inc. $META

Key Points

• Osbon Capital Management opened a new position in Meta Platforms during the fourth quarter, buying 1,401 shares worth about $925,000. Meta now represents roughly 0.9% of the fund’s portfolio.
• Meta continues to attract attention for its AI expansion, including new computing deals with Crusoe and a data-center partnership in India, which are seen as supporting its longer-term growth strategy. Wall Street commentary also remains constructive on Meta’s AI prospects despite the stock’s recent pullback.
• The stock faces some headwinds from insider selling and negative headlines, including the departure of a senior AI executive, security concerns tied to its AI chatbot, and ongoing regulatory pressure. Meta’s recent earnings and dividend remain supportive, but analysts are mixed after recent rating cuts from Goldman Sachs and UBS.

Osbon Capital Management LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,401 shares of the social networking company's stock, valued at approximately $925,000. Meta Platforms makes up about 0.9% of Osbon Capital Management LLC's portfolio, making the stock its 23rd biggest position.

Other hedge funds also recently made changes to their positions in the company. First National Bank Sioux Falls lifted its stake in Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after purchasing an additional 14 shares during the last quarter. Levin Capital Strategies L.P. grew its stake in shares of Meta Platforms by 1.4% during the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after buying an additional 14 shares during the last quarter. Vista Capital Partners Inc. grew its stake in shares of Meta Platforms by 1.3% during the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock worth $794,000 after buying an additional 14 shares during the last quarter. Arcataur Capital Management LLC increased its holdings in shares of Meta Platforms by 0.9% during the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock worth $1,146,000 after buying an additional 15 shares in the last quarter. Finally, Acorn Creek Capital LLC increased its holdings in shares of Meta Platforms by 0.7% during the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock worth $1,398,000 after buying an additional 15 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

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

Insider Activity

In other news, CFO Susan J. Li sold 9,195 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares of the company's stock, valued at $251,641.62. This represents a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 39,013 shares of company stock worth $24,115,999 in the last 90 days. 13.53% of the stock is owned by company insiders.

Meta Platforms Stock Performance

NASDAQ META opened at $577.22 on Monday. The firm has a market capitalization of $1.46 trillion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The business's 50-day moving average price is $621.27 and its two-hundred day moving average price is $634.10. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm's revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company earned $6.43 earnings per share. On average, analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced 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 yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's dividend payout ratio is currently 7.63%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group downgraded Meta Platforms from a "buy" rating to a "sell" rating in a report on Tuesday, June 2nd. UBS Group cut Meta Platforms from a "buy" rating to a "neutral" rating in a report on Tuesday, June 2nd. BNP Paribas Exane initiated coverage on Meta Platforms in a research report on Tuesday, June 2nd. They issued an "outperform" rating for the company. Truist Financial cut their price target on Meta Platforms from $900.00 to $840.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Finally, Roth Mkm restated a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price 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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