Tempo Wealth LLC Invests $5.02 Million in Meta Platforms, Inc. $META

Key Points

• Tempo Wealth LLC initiated a new position in Meta Platforms in the fourth quarter, buying 7,606 shares valued at about $5.02 million. The stake represents roughly 0.9% of the firm’s holdings and is its 27th largest position.
• Meta continues to attract heavy institutional interest, with hedge funds and other investors owning 79.91% of the stock. Several other firms also recently established new positions in META.
• Meta’s recent fundamentals remain strong: it beat Q1 earnings expectations with $10.44 EPS on $56.31 billion in revenue, and the company also announced a quarterly dividend of $0.525 per share.

Tempo Wealth LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,606 shares of the social networking company's stock, valued at approximately $5,020,000. Meta Platforms makes up approximately 0.9% of Tempo Wealth LLC's holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms during the 3rd quarter worth approximately $26,000. RHL Group LLC bought a new position in Meta Platforms in the fourth quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the 4th quarter valued at $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms in the 4th quarter valued at $29,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of META opened at $577.22 on Friday. The firm has a market cap of $1.46 trillion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The firm's 50-day simple moving average is $621.27 and its 200 day simple moving average is $634.15.

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 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 firm had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. During the same period last year, the business posted $6.43 earnings per share. The business's revenue for the quarter was up 33.1% compared to the same quarter last year. On average, analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on META. Erste Group Bank cut Meta Platforms from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. UBS Group downgraded Meta Platforms from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 2nd. Truist Financial lowered their price target on Meta Platforms from $900.00 to $840.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Arete Research set a $735.00 price objective on Meta Platforms and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $1,015.00 price objective on shares of Meta Platforms in a report on Thursday, May 28th. Three equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $840.60.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 140 shares of Meta Platforms stock in a transaction on Monday, June 15th. The stock was sold at an average price of $600.00, for a total transaction of $84,000.00. Following the completion of the sale, the chief operating officer owned 12,846 shares of the company's stock, valued at approximately $7,707,600. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider directly owned 1,118 shares of the company's stock, valued at approximately $681,890.56. The trade was a 65.03% 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. Insiders sold 40,568 shares of company stock worth $25,057,365 in the last ninety days. 13.53% of the stock is owned by company insiders.

Key Headlines 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 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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