Roundview Capital LLC Raises Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Roundview Capital LLC increased its Meta Platforms stake by 6.2% in the fourth quarter, buying 2,210 additional shares and bringing its total holding to 37,792 shares worth about $24.9 million.
• Meta is getting support from new product and legal developments, including the launch of a business-focused AI agent for WhatsApp, Messenger, and Instagram, plus a partial regulatory win in Europe over Marketplace.
• Recent financial and analyst signals remain broadly positive: Meta beat quarterly earnings and revenue estimates, and Wall Street still rates the stock a consensus “Moderate Buy” with an average price target of $840.60.

Roundview Capital LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,792 shares of the social networking company's stock after buying an additional 2,210 shares during the quarter. Meta Platforms makes up 1.5% of Roundview Capital LLC's portfolio, making the stock its 13th biggest holding. Roundview Capital LLC's holdings in Meta Platforms were worth $24,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westchester Capital Management Inc. purchased a new stake in Meta Platforms in the third quarter worth about $26,000. RHL Group LLC bought a new position in shares of Meta Platforms in the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms in the fourth quarter worth about $29,000. Key Capital Management INC bought a new position in shares of Meta Platforms in the fourth quarter worth about $48,000. Finally, Entrust Financial LLC bought a new position in shares of Meta Platforms in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta launched a new Meta Business Agent for WhatsApp, Messenger, and Instagram, targeting enterprise customers and giving investors a potential new revenue stream beyond advertising. Reuters article
• Positive Sentiment: Meta won a partial legal victory in Europe over the EU’s treatment of Marketplace under tech rules, easing one regulatory overhang. Reuters article
• Positive Sentiment: Analysts remain constructive overall, with at least one recent upgrade to strong-buy and multiple bullish price targets tied to Meta’s commerce and AI initiatives. Finviz reference

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group lowered Meta Platforms from a "buy" rating to a "neutral" rating in a research note on Tuesday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $1,015.00 price objective on shares of Meta Platforms in a research note on Thursday, May 28th. Stifel Nicolaus dropped their price objective on Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a research note on Friday, May 1st. Wedbush raised Meta Platforms from an "outperform" rating to a "neutral" rating in a research note on Tuesday. Finally, Raymond James Financial raised Meta Platforms from an "underperform" rating to an "outperform" rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $840.60.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares in the company, valued at $681,890.56. This trade represents a 65.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 837 shares of the firm's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $526,715.73. Following the transaction, the chief operating officer owned 12,986 shares in the company, valued at $8,171,959.94. The trade was a 6.06% 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 42,860 shares of company stock valued at $26,555,260. Company insiders own 13.53% of the company's stock.

Meta Platforms Trading Up 0.7%

Shares of NASDAQ META opened at $627.57 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The business's 50 day moving average price is $618.87 and its 200-day moving average price is $636.87. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a market cap of $1.59 trillion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.10 and a beta of 1.23.

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

Meta Platforms Announces Dividend

The firm 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. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, June 15th. 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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