Generate Investment Management Ltd Has $125.72 Million Holdings in Meta Platforms, Inc. $META

Generate Investment Management Ltd raised its position in Meta Platforms, Inc. (NASDAQ:META) by 34.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,743 shares of the social networking company’s stock after purchasing an additional 56,245 shares during the period. Meta Platforms accounts for 6.2% of Generate Investment Management Ltd’s investment portfolio, making the stock its 4th biggest position. Generate Investment Management Ltd’s holdings in Meta Platforms were worth $125,722,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co grew its holdings in shares of Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares in the last quarter. State Street Corp increased its position in shares of Meta Platforms by 5.1% in the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Geode Capital Management LLC raised its stake in Meta Platforms by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after purchasing an additional 878,396 shares in the last quarter. Finally, Capital World Investors lifted its position in Meta Platforms by 0.8% during the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock valued at $26,112,735,000 after purchasing an additional 310,947 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on META shares. Morgan Stanley dropped their price objective on shares of Meta Platforms from $825.00 to $775.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Guggenheim dropped their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Arete Research set a $735.00 price objective on Meta Platforms and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, BNP Paribas Exane started coverage on Meta Platforms in a research report on Tuesday, June 2nd. They set an “outperform” rating on the stock. 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 assigned a Sell rating to the company. Based on data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $840.60.

Meta Platforms Stock Performance

Meta Platforms stock opened at $557.83 on Thursday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $617.09 and a 200-day moving average of $632.24. The firm has a market cap of $1.41 trillion, a P/E ratio of 20.28, a P/E/G ratio of 1.00 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.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 36.93% and a net margin of 32.84%.The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company earned $6.43 EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta is getting recognition from some investors as a long-term AI winner, with articles highlighting it as a top AI stock in billionaire David Tepper’s portfolio and a high-conviction hedge fund holding.
• Positive Sentiment: Meta’s new $299 AI smart glasses broaden its wearable lineup and could help expand consumer adoption beyond higher-priced models. Reuters: Meta announces new range of smart glasses starting at $299
• Positive Sentiment: Facebook is rolling out an AI companion app for creators, which may improve engagement and give Meta another tool to support monetization across its platforms.
• Positive Sentiment: Qualcomm said Meta will be the first major customer for its new data-center CPU, signaling that Meta is continuing to invest heavily in next-generation AI infrastructure. CNBC: Qualcomm announces AI data center CPU, signs Meta as first major customer
• Neutral Sentiment: Meta is giving some engineers a way to leave its AI training unit after a recent reorganization, which may help morale but does not directly change the company’s financial outlook. Business Insider: Meta forced thousands of engineers into AI training work. Now it’s giving some a way out.
• Neutral Sentiment: Reports that Meta is building an experimental prediction markets app could open a new consumer product category, but the revenue impact remains uncertain and the project is still early. Reuters: Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports
• Negative Sentiment: European regulators are escalating an investigation into whether Facebook and Instagram use addictive design features for children, increasing the risk of fines or product changes. Reuters: EU to ramp up Meta probe into addictive design, Bloomberg News reports
• Negative Sentiment: The U.S. government is also pressuring Meta to submit AI models for security reviews, adding another layer of regulatory uncertainty around the company’s AI strategy. Reuters: US presses Meta to agree to AI reviews as security concerns rise

Insider Buying and Selling

In other news, COO Javier Olivan sold 140 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $600.00, for a total value of $84,000.00. Following the sale, the chief operating officer directly owned 12,846 shares of the company’s stock, valued at $7,707,600. The trade was a 1.08% decrease in their position. 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. Also, Director Robert M. Kimmitt sold 504 shares of Meta Platforms 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 owned 3,943 shares of the company’s stock, valued at $2,481,290.47. The trade was a 11.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,013 shares of company stock valued at $24,115,999 over the last quarter. Corporate insiders own 13.53% of the company’s stock.

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.