Meta Platforms, Inc. $META Shares Purchased by Unison Asset Management LLC

Unison Asset Management LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 294.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,783 shares of the social networking company’s stock after purchasing an additional 30,452 shares during the quarter. Meta Platforms makes up 12.1% of Unison Asset Management LLC’s portfolio, making the stock its biggest holding. Unison Asset Management LLC’s holdings in Meta Platforms were worth $26,920,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in META. Brighton Jones LLC increased its stake in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its stake in Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Meta Platforms in the second quarter valued at $213,000. Finally, Capital & Planning LLC acquired a new position in Meta Platforms in the second quarter valued at $322,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert M. Kimmitt sold 504 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the sale, the director owned 3,943 shares of the company’s stock, valued at $2,481,290.47. This represents a 11.33% decrease in their ownership of the stock. The sale 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, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the sale, the chief technology officer directly owned 414 shares of the company’s stock, valued at $251,641.62. The trade was a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 42,860 shares of company stock valued at $26,555,260. 13.53% of the stock is owned by insiders.

More Meta Platforms News

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

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $627.57 on Friday. The firm has a market capitalization of $1.59 trillion, a PE ratio of 22.81, a P/E/G ratio of 1.10 and a beta of 1.23. 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 business has a 50-day moving average of $618.87 and a two-hundred day moving average of $636.87. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last announced 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. The company had revenue of $56.31 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $6.43 earnings per share. As a group, research analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced 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 0.3%. Meta Platforms’s dividend payout ratio is presently 7.63%.

Analyst Upgrades and Downgrades

META has been the subject of several analyst reports. UBS Group lowered Meta Platforms from a “buy” rating to a “neutral” rating in a research note on Tuesday. Susquehanna upgraded Meta Platforms from a “positive” rating to a “positive” rating in a research note on Tuesday. Arete Research set a $735.00 price target on Meta Platforms and gave the stock a “buy” rating in a research note on Tuesday. Sanford C. Bernstein dropped their price target on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Finally, BNP Paribas Exane assumed coverage on Meta Platforms in a research note on Tuesday. They set an “outperform” rating for the company. Three 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’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average 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.