Rubicon Advisors GP Acquires New Holdings in Meta Platforms, Inc. $META

Key Points

• Rubicon Advisors GP opened a new position in Meta Platforms during the fourth quarter, buying 2,134 shares worth about $1.41 million. The stock now makes up roughly 1.3% of the firm’s portfolio.
• Meta is still attracting positive attention for its AI strategy, including new computing deals with Crusoe, a data-center partnership in India, and new AI features for Facebook creators. Analysts remain constructive, with some calling META one of the better Magnificent 7 buys.
• Despite the upbeat outlook, Meta faces some risks: a senior AI executive is leaving during a key transition, there are reports of AI-related security issues, and the company is dealing with ongoing regulatory/legal pressure. Institutional ownership remains high at 79.91%.

Rubicon Advisors GP bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,134 shares of the social networking company's stock, valued at approximately $1,409,000. Meta Platforms comprises approximately 1.3% of Rubicon Advisors GP's investment portfolio, making the stock its 19th biggest position.

A number of other large investors have also added to or reduced their stakes in META. Corient Private Wealth LLC raised its stake in Meta Platforms by 21.7% during the 4th quarter. Corient Private Wealth LLC now owns 1,131,151 shares of the social networking company's stock valued at $746,985,000 after buying an additional 201,632 shares during the last quarter. EMC Capital Management boosted its stake in shares of Meta Platforms by 65.8% in the 4th quarter. EMC Capital Management now owns 504 shares of the social networking company's stock worth $329,000 after buying an additional 200 shares during the last quarter. Auto Owners Insurance Co boosted its stake in shares of Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after buying an additional 105,154,977 shares during the last quarter. Lifetime Wealth Management P.C. bought a new stake in shares of Meta Platforms in the fourth quarter worth $123,000. Finally, Union Savings Bank bought a new stake in shares of Meta Platforms in the fourth quarter worth $1,379,000. 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: 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 Stock Performance

Meta Platforms stock opened at $577.22 on Monday. The firm has a 50 day moving average of $621.27 and a 200 day moving average of $634.10. The firm has a market capitalization 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. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. 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 (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter last year, the business earned $6.43 EPS. The firm's revenue was up 33.1% compared to the same quarter last year. As a group, research analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share 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. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is presently 7.63%.

Insider Activity

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 1,118 shares of the company's stock, valued at $681,890.56. This trade represents a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% 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. 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 quarter. Corporate insiders own 13.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Arete Research set a $735.00 target price on Meta Platforms and gave the company a "buy" rating in a report on Tuesday, June 2nd. Morgan Stanley reduced their price target on shares of Meta Platforms from $825.00 to $775.00 and set an "overweight" rating for the company in a research report on Monday, March 30th. Piper Sandler initiated coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued an "overweight" rating on the stock. Bank of America dropped their price objective on shares of Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Finally, Rosenblatt Securities restated a "buy" rating and set a $1,015.00 target price on shares of Meta Platforms in a research report on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently 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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