Rothschild Wealth LLC Has $2.27 Million Stake in Meta Platforms, Inc. $META

Key Points

• Rothschild Wealth LLC increased its Meta Platforms stake by 47.9% in the fourth quarter, buying 1,113 additional shares and lifting its holdings to 3,436 shares worth about $2.27 million.
• Meta continues to draw strong institutional interest, with 79.91% of the stock owned by hedge funds and institutions, even as some insiders have recently sold shares.
• Analysts remain broadly positive on Meta, and the company recently posted better-than-expected earnings with $10.44 EPS on $56.31 billion in revenue, while also introducing a quarterly dividend of $0.525 per share.

Rothschild Wealth LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 47.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,436 shares of the social networking company's stock after buying an additional 1,113 shares during the period. Rothschild Wealth LLC's holdings in Meta Platforms were worth $2,268,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms during the third quarter worth about $26,000. RHL Group LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $29,000. Finally, Key Capital Management INC acquired a new stake in Meta Platforms during the fourth quarter worth about $48,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

More Meta Platforms News

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

• Positive Sentiment: Meta’s new AI Mode in Facebook Search and related AI tools could open a new monetization stream and improve engagement across its apps. Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
• Positive Sentiment: Bank of America reiterated a Buy rating, saying Meta’s AI strategy remains a key growth catalyst. BofA Reiterates Buy Rating on Meta Platforms (META) Cites AI Strategy a Key Growth Catalyst
• Positive Sentiment: Threads reached 500 million monthly active users, highlighting continued platform growth and stronger user engagement. Meta's Threads reaches 500 million monthly users, rolls out new features
• Neutral Sentiment: Meta’s CTO said morale in the AI unit is near historic lows, which may reflect execution challenges even as the company doubles down on AI. Meta's CTO says morale is almost 'the worst it's ever been'
• Negative Sentiment: Apple’s upcoming AI-powered AirPods and smart glasses could intensify competition in the AI wearables market, potentially challenging Meta’s device strategy. Apple to launch AI-juiced AirPods and sunglasses, going head-to-head with Meta
• Negative Sentiment: Reports of consumer-protection lawsuits in Europe add another regulatory overhang for Meta. Consumer Protection: Three Chances for Damages from Meta Platforms

Analyst Ratings Changes

A number of brokerages have issued reports on META. Rosenblatt Securities reiterated a "buy" rating and set a $1,015.00 price objective on shares of Meta Platforms in a research note on Thursday, May 28th. Citizens Jmp restated a "market outperform" rating and issued a $900.00 price target on shares of Meta Platforms in a research note on Tuesday, April 21st. Tigress Financial raised their price target on shares of Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a research note on Wednesday, March 18th. Truist Financial reduced their price target on shares of 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, UBS Group downgraded shares of Meta Platforms from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $840.60.

Meta Platforms Trading Up 1.1%

META opened at $600.21 on Wednesday. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $622.04 and a 200-day moving average of $635.51. The stock has a market cap of $1.52 trillion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data 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. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. During the same period in the prior year, the company posted $6.43 earnings per share. Meta Platforms's revenue for the quarter was up 33.1% compared to the same quarter last year. On average, sell-side analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is 7.63%.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 837 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $629.29, for a total transaction of $526,715.73. Following the completion of the sale, the chief operating officer directly owned 12,986 shares in the company, valued at $8,171,959.94. This represents a 6.06% 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. Also, Director Robert M. Kimmitt sold 504 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $317,162.16. Following the sale, the director 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,170 shares of company stock valued at $24,218,565 over the last 90 days. 13.53% of the stock is owned by company insiders.

About Meta Platforms

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.