Strategy Capital LLC Trims Position in Meta Platforms, Inc. $META

Strategy Capital LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,299 shares of the social networking company’s stock after selling 17,177 shares during the quarter. Meta Platforms accounts for about 7.2% of Strategy Capital LLC’s portfolio, making the stock its 7th largest position. Strategy Capital LLC’s holdings in Meta Platforms were worth $97,891,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of META. Brighton Jones LLC boosted its stake in shares of Meta Platforms by 1.7% in the 4th 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 boosted its stake in shares of Meta Platforms by 10.2% in the 4th 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 boosted its stake in shares of Meta Platforms by 294.7% in the 1st 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. bought a new stake in shares of Meta Platforms in the 2nd quarter valued at $213,000. Finally, Capital & Planning LLC bought a new stake in shares of Meta Platforms in the 2nd quarter valued at $322,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 0.3%

Shares of NASDAQ META opened at $566.98 on Friday. The firm has a market cap of $1.43 trillion, a PE ratio of 20.61, a P/E/G ratio of 1.01 and a beta of 1.23. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company’s fifty day simple moving average is $621.15 and its 200 day simple moving average is $635.89. 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 issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The business 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 was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned $6.43 earnings per share. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

More Meta Platforms News

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

• Positive Sentiment: Meta is expanding its AI infrastructure globally, including a new AI-enabled data center partnership in India with Reliance Industries, reinforcing confidence in its long-term artificial intelligence strategy.
• Positive Sentiment: The company launched Instagram Plus globally, an optional subscription product that could help diversify revenue beyond advertising.
• Positive Sentiment: Analysts and commentary from Morgan Stanley, Zacks, and others continued to describe Meta as a high-quality growth and compounder stock, with recent earnings still viewed as strong.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the transaction, the chief financial officer owned 13,186 shares in the company, valued at approximately $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares in the company, valued at approximately $6,645,103.65. The trade was a 20.83% decrease in their position. 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. Insiders sold 41,305 shares of company stock valued at $25,567,928 in the last ninety days. Insiders own 13.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on META shares. 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. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. KeyCorp reaffirmed an “overweight” rating and issued a $760.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. Tigress Financial upped their price objective on shares of Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Sanford C. Bernstein reduced their price objective on shares of Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $840.60.

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.