Marathon Asset Management Ltd reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,985 shares of the social networking company’s stock after selling 7,814 shares during the quarter. Meta Platforms comprises about 2.4% of Marathon Asset Management Ltd’s portfolio, making the stock its 10th biggest position. Marathon Asset Management Ltd’s holdings in Meta Platforms were worth $63,357,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in META. Brighton Jones LLC raised its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC raised its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares during the period. Headwater Capital Co Ltd raised its stake in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after buying an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms in the second quarter worth approximately $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms in the second quarter worth approximately $322,000. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Stock Performance
Shares of META opened at $632.51 on Friday. 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 company has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.13 and a beta of 1.25. The stock has a 50 day moving average of $617.84 and a 200 day moving average of $636.88. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.
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 dividend 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%.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
- Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta’s Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
- Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
- Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
- Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
- Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”
Insiders Place Their Bets
In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the sale, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 837 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $608.98, for a total value of $509,716.26. Following the completion of the sale, the chief operating officer directly owned 13,823 shares of the company’s stock, valued at $8,417,930.54. This represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 42,445 shares of company stock valued at $26,306,420. Insiders own 13.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on META. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Erste Group Bank downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $810.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. Barclays increased their price objective on Meta Platforms from $800.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a research note on Friday, March 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $840.19.
Read Our Latest Report on META
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.
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