Texas Yale Capital Corp. Has $1.95 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Texas Yale Capital Corp. nearly doubled its Meta Platforms stake in the fourth quarter, increasing holdings by 98.5% to 2,959 shares valued at about $1.95 million.
• Meta continues to draw major institutional interest, with hedge funds and other investors owning 79.91% of the stock, even as some insiders sold shares during the last quarter.
• The article highlights several positive developments for Meta, including a $115 million workforce academy partnership for data center jobs, the end of an Italian investigation into its WhatsApp AI bot, and a new Best Buy “Meta Lab” initiative to showcase VR and AI hardware.

Texas Yale Capital Corp. raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 98.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,959 shares of the social networking company's stock after acquiring an additional 1,468 shares during the quarter. Texas Yale Capital Corp.'s holdings in Meta Platforms were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First National Bank Sioux Falls increased its position in Meta Platforms by 0.7% in the 4th 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 in the last quarter. Levin Capital Strategies L.P. increased its position in Meta Platforms by 1.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after acquiring an additional 14 shares in the last quarter. Vista Capital Partners Inc. increased its position 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 acquiring an additional 14 shares in the last quarter. Arcataur Capital Management LLC increased its position 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 acquiring an additional 15 shares in the last quarter. Finally, Acorn Creek Capital LLC increased its position in Meta Platforms by 0.7% in 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 acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

More Meta Platforms News

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

• Positive Sentiment: Meta announced a partnership with Associated Builders and Contractors to launch a $115 million workforce academy that will train construction technicians for its data center projects, helping address labor shortages and supporting its AI infrastructure expansion. Article Title
• Positive Sentiment: Italy’s competition regulator dropped its investigation into Meta’s WhatsApp AI bot, removing a legal overhang tied to how the company integrates AI into WhatsApp. Article Title
• Positive Sentiment: Meta also partnered with Best Buy to create “Meta Lab” experiential spaces where shoppers can test VR headsets and AI glasses, which could help boost hardware awareness and adoption. Article Title

Insider Activity

In related news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction that occurred on 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 transaction, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. This trade represents a 65.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at $6,645,103.65. The trade was a 20.83% 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. Insiders sold 41,305 shares of company stock worth $25,567,928 over the last quarter. 13.53% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on META. Piper Sandler began coverage on shares of Meta Platforms in a research report on Tuesday, June 2nd. They issued an "overweight" rating for the company. Susquehanna upgraded shares of Meta Platforms from a "positive" rating to a "positive" rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group cut shares of Meta Platforms from a "buy" rating to a "sell" rating in a research report on Tuesday, June 2nd. Truist Financial lowered their price target on shares of Meta Platforms from $900.00 to $840.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Finally, UBS Group cut shares of Meta Platforms from a "buy" rating to a "neutral" rating in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $840.60.

Meta Platforms Stock Down 1.3%

Shares of NASDAQ:META opened at $585.39 on Tuesday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a 50 day moving average of $619.59 and a 200-day moving average of $636.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $1.48 trillion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.05 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 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 company had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter in the previous year, the company earned $6.43 EPS. Meta Platforms's revenue was up 33.1% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms's dividend payout ratio (DPR) is presently 7.63%.

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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