Tulsa Wealth Advisors INC Makes New $4.92 Million Investment in Meta Platforms, Inc. $META

Key Points

• Tulsa Wealth Advisors opened a new position in Meta Platforms, buying 7,448 shares worth about $4.92 million in the fourth quarter. The stake makes up roughly 1.6% of its portfolio and is its 19th-largest holding.
• Meta continues to attract interest from institutional investors, with several other hedge funds also increasing their holdings. Overall, 79.91% of Meta’s stock is owned by institutions.
• Analysts remain broadly positive on Meta, with the stock carrying a Moderate Buy consensus and an average price target of $840.60. Meta also recently beat earnings estimates, reporting $10.44 EPS on $56.31 billion in revenue for the quarter.

Tulsa Wealth Advisors INC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,448 shares of the social networking company's stock, valued at approximately $4,916,000. Meta Platforms comprises approximately 1.6% of Tulsa Wealth Advisors INC's investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also made changes to their positions in META. Keybank National Association OH raised its holdings in shares of Meta Platforms by 15.7% in the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after acquiring an additional 18,169 shares during the last quarter. Becker Capital Management Inc. boosted its stake in shares of Meta Platforms by 5.0% during the third quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock valued at $25,741,000 after acquiring an additional 1,657 shares during the last quarter. Diversified Trust Co. boosted its stake in shares of Meta Platforms by 4.1% during the fourth quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after acquiring an additional 3,336 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Meta Platforms by 16.2% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock valued at $5,091,000 after acquiring an additional 968 shares during the last quarter. Finally, Consolidated Investment Group LLC increased its position in Meta Platforms by 61.2% during the 4th quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock worth $5,215,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on META shares. Tigress Financial upped their target price on shares of Meta Platforms from $935.00 to $945.00 and gave the company a "strong-buy" rating in a report on Wednesday, March 18th. Susquehanna upgraded shares of Meta Platforms from a "positive" rating to a "positive" rating in a report on Tuesday, June 2nd. Wedbush raised shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a research report on Tuesday, June 2nd. Wells Fargo & Company reduced their price objective on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Finally, Morgan Stanley decreased their target price on shares of Meta Platforms from $825.00 to $775.00 and set an "overweight" rating on the stock in a research report on Monday, March 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $840.60.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $577.22 on Friday. The stock has a 50-day simple moving average of $621.27 and a 200-day simple moving average of $634.15. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 20.98, a PEG ratio of 1.02 and a beta of 1.23. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. 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 (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.43 earnings per share. Equities analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm 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 $0.525 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms's dividend payout ratio is presently 7.63%.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 9,195 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $8,014,978.24. This represents a 41.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, COO Javier Olivan sold 2,778 shares of the firm's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 40,568 shares of company stock worth $25,057,365. 13.53% of the stock is currently owned by insiders.

Trending Headlines about 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 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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