Stenger Family Office LLC Grows Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Stenger Family Office LLC increased its Meta stake by 27.5% in the fourth quarter, buying 4,790 additional shares and bringing its total holding to 22,213 shares worth about $14.7 million.
• Meta continues to attract broad institutional support, with 79.91% of shares owned by institutions and several other firms also modestly adding to their positions during the period.
• The company’s fundamentals remain strong, as its latest quarterly earnings beat expectations with $10.44 EPS on $56.31 billion in revenue, while analysts maintain a “Moderate Buy” view and a consensus price target of $840.60.

Stenger Family Office LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,213 shares of the social networking company's stock after purchasing an additional 4,790 shares during the quarter. Meta Platforms makes up about 3.0% of Stenger Family Office LLC's holdings, making the stock its 10th biggest position. Stenger Family Office LLC's holdings in Meta Platforms were worth $14,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. First National Bank Sioux Falls increased its position in shares of Meta Platforms by 0.7% during the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after acquiring an additional 14 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in Meta Platforms by 1.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock worth $649,000 after purchasing an additional 14 shares during the last quarter. Vista Capital Partners Inc. grew its stake in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after purchasing an additional 14 shares during the period. Arcataur Capital Management LLC grew its stake in Meta Platforms by 0.9% in the 4th quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock valued at $1,146,000 after purchasing an additional 15 shares during the period. Finally, Acorn Creek Capital LLC increased its position in shares of Meta Platforms by 0.7% during the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock valued at $1,398,000 after purchasing an additional 15 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $577.22 on Friday. The company's 50 day simple moving average is $621.27 and its two-hundred day simple moving average is $634.15. 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, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The stock has a market capitalization of $1.46 trillion, a PE ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.23.

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 for 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 quarter last year, the business posted $6.43 earnings per share. Analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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 given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

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 Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the transaction, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. The trade was a 65.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the transaction, the director directly owned 3,943 shares in the company, valued at $2,481,290.47. The trade was a 11.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 40,568 shares of company stock worth $25,057,365. 13.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cantor Fitzgerald lowered their price objective on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Bank of America lowered their price target 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. Morgan Stanley dropped their price objective on Meta Platforms from $825.00 to $775.00 and set an "overweight" rating on the stock in a research note on Monday, March 30th. Wolfe Research reduced their price objective on Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Finally, BNP Paribas Exane assumed coverage on Meta Platforms in a research report on Tuesday, June 2nd. They issued an "outperform" rating for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $840.60.

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.

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