Telligent Fund LP Has $4.62 Million Stock Holdings in Meta Platforms, Inc. $META

Telligent Fund LP lowered its stake in Meta Platforms, Inc. (NASDAQ:META) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,000 shares of the social networking company’s stock after selling 1,000 shares during the quarter. Meta Platforms accounts for 5.1% of Telligent Fund LP’s portfolio, making the stock its 9th biggest position. Telligent Fund LP’s holdings in Meta Platforms were worth $4,621,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after buying an additional 7,269,279 shares during the period. State Street Corp increased its stake in shares of Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock valued at $64,158,971,000 after buying an additional 1,650,435 shares during the period. Danske Bank A S purchased a new position in shares of Meta Platforms during the third quarter valued at approximately $1,191,175,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Meta Platforms during the fourth quarter valued at approximately $813,994,000. Finally, Concentrum Wealth Management increased its stake in shares of Meta Platforms by 948.7% during the third quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company’s stock valued at $913,000 after buying an additional 1,124,998 shares during the period. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna raised Meta Platforms from a “positive” rating to a “positive” rating in a research note on Tuesday, June 2nd. Mizuho reduced their target price on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $810.00 target price on shares of Meta Platforms in a research note on Monday, June 1st. Barclays boosted their target price on Meta Platforms from $800.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group cut Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $840.60.

Meta Platforms Price Performance

Shares of META stock opened at $593.00 on Monday. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.05 and a beta of 1.23. The business’s fifty day moving average is $618.83 and its 200 day moving average is $636.81. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META) last released its 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. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. During the same period in the prior year, the firm posted $6.43 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Research analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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 paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio is currently 7.63%.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares of the company’s stock, valued at $251,641.62. This represents a 94.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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, Director Robert M. Kimmitt sold 504 shares of the company’s stock in a transaction 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 41,305 shares of company stock valued at $25,567,928. 13.53% of the stock is currently owned by corporate insiders.

More Meta Platforms News

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

• Negative Sentiment: Meta is reportedly weighing a large stock sale to fund AI infrastructure, sparking dilution concerns and pressuring the shares. Article: Meta weighs big equity raising after blockbuster Google deal
• Negative Sentiment: Meta’s AI rollout has faced another delay, with the Muse Spark developer API still lacking a launch date, raising questions about when the company can monetize its AI investments. Article: Meta repeatedly pushes back new AI model release for developers
• Negative Sentiment: Privacy concerns resurfaced after reports that Meta smart glasses could use facial-recognition-style “faceprint” tracking, which could invite regulatory scrutiny and consumer backlash. Article: Code Reveals Meta Smart Glasses Can Use ‘Faceprint’ Tracking, Raising Privacy Alarms
• Negative Sentiment: Meta is also battling renewed policy and legal pressure in Australia over proposed payments for news, adding another regulatory overhang. Article: Meta accuses Australia of breaching FTA, invokes US ‘trade action’
• Neutral Sentiment: Meta continues to receive bullish long-term commentary from some analysts and investors who view it as a major AI and advertising platform, but that optimism is being overshadowed today by funding and execution concerns. Article: Analyst Sees Multi-Billion Dollar Potential In Meta Platforms’ Subscription Model

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.