Roundview Capital LLC Grows Stake in Meta Platforms, Inc. $META

Roundview Capital LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,792 shares of the social networking company’s stock after purchasing an additional 2,210 shares during the quarter. Meta Platforms comprises about 1.5% of Roundview Capital LLC’s portfolio, making the stock its 13th biggest position. Roundview Capital LLC’s holdings in Meta Platforms were worth $24,946,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westchester Capital Management Inc. purchased a new position in Meta Platforms during the 3rd quarter worth $26,000. RHL Group LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at $28,000. Strategic Wealth Advisors LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at $29,000. Key Capital Management INC purchased a new position in shares of Meta Platforms in the 4th quarter valued at $48,000. Finally, Entrust Financial LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at $48,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on META shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $725.00 price target (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Friday, March 27th. Bank of America cut their price target on Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $810.00 price target on shares of Meta Platforms in a report on Monday. Finally, Cantor Fitzgerald cut their price target on Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Three equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $840.60.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta launched a new Meta Business Agent for WhatsApp, Messenger, and Instagram, targeting enterprise customers and giving investors a potential new revenue stream beyond advertising. Reuters article
• Positive Sentiment: Meta won a partial legal victory in Europe over the EU’s treatment of Marketplace under tech rules, easing one regulatory overhang. Reuters article
• Positive Sentiment: Analysts remain constructive overall, with at least one recent upgrade to strong-buy and multiple bullish price targets tied to Meta’s commerce and AI initiatives. Finviz reference

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 837 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $526,715.73. Following the sale, the chief operating officer directly owned 12,986 shares of the company’s stock, valued at approximately $8,171,959.94. This trade represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the sale, the director directly owned 3,943 shares in the company, valued at approximately $2,481,290.47. The trade was a 11.33% decrease in their ownership of the stock. 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 42,860 shares of company stock valued at $26,555,260 in the last 90 days. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $627.57 on Friday. The stock has a 50-day moving average of $618.87 and a two-hundred day moving average of $636.87. Meta Platforms, Inc. has a one year low of $520.26 and a one 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. The stock has a market cap of $1.59 trillion, a P/E ratio of 22.81, a P/E/G ratio of 1.10 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last issued its quarterly 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. The company had revenue of $56.31 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $6.43 EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. 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.