Railway Pension Investments Ltd Has $225.63 Million Position in Meta Platforms, Inc. $META

Railway Pension Investments Ltd grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 341,820 shares of the social networking company's stock after purchasing an additional 84,500 shares during the period. Meta Platforms comprises approximately 2.7% of Railway Pension Investments Ltd's portfolio, making the stock its 7th biggest position. Railway Pension Investments Ltd's holdings in Meta Platforms were worth $225,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. Westchester Capital Management Inc. bought a new stake in Meta Platforms during the 3rd quarter worth approximately $26,000. RHL Group LLC bought a new stake in Meta Platforms during the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the 4th quarter worth approximately $29,000. Key Capital Management INC bought a new stake in Meta Platforms during the 4th quarter worth approximately $48,000. Finally, Entrust Financial LLC bought a new stake in Meta Platforms during the 4th quarter worth approximately $48,000. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on META. UBS Group downgraded Meta Platforms from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 2nd. Barclays boosted their target price on Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Citizens Jmp restated a "market outperform" rating and issued a $900.00 target price on shares of Meta Platforms in a research note on Tuesday, April 21st. Wall Street Zen downgraded Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Stifel Nicolaus dropped their price objective on Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. Three 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. According to MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $840.60.

Insider Activity

In other news, CFO Susan J. Li sold 9,195 shares of the company's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the transaction, the chief financial officer owned 13,186 shares of the company's stock, valued at approximately $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, COO Javier Olivan sold 2,778 shares of the company's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at approximately $6,645,103.65. The trade was a 20.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 41,305 shares of company stock worth $25,567,928. Company insiders own 13.53% of the company's stock.

More Meta Platforms News

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

• Positive Sentiment: Meta announced a partnership with Associated Builders and Contractors to launch a $115 million workforce academy that will train construction technicians for its data center projects, helping address labor shortages and supporting its AI infrastructure expansion. Article Title
• Positive Sentiment: Italy’s competition regulator dropped its investigation into Meta’s WhatsApp AI bot, removing a legal overhang tied to how the company integrates AI into WhatsApp. Article Title
• Positive Sentiment: Meta also partnered with Best Buy to create “Meta Lab” experiential spaces where shoppers can test VR headsets and AI glasses, which could help boost hardware awareness and adoption. Article Title

Meta Platforms Trading Down 1.3%

NASDAQ:META opened at $585.39 on Tuesday. The company has a market cap of $1.48 trillion, a P/E ratio of 21.28, a P/E/G ratio of 1.05 and a beta of 1.23. The stock's fifty day moving average price is $619.59 and its two-hundred day moving average price is $636.72. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. 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 (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analysts' expectations 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 posted $6.43 earnings per share. As a group, analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms's dividend payout ratio is presently 7.63%.

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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