Meta Platforms, Inc. $META Holdings Trimmed by LM Advisors LLC

LM Advisors LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 29.0% during the 4th quarter, HoldingsChannel reports. The firm owned 11,475 shares of the social networking company’s stock after selling 4,685 shares during the quarter. Meta Platforms accounts for 4.4% of LM Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. LM Advisors LLC’s holdings in Meta Platforms were worth $7,575,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms during the 3rd quarter valued at $26,000. RHL Group LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $29,000. Key Capital Management INC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $48,000. Finally, Entrust Financial LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on META. Wells Fargo & Company decreased their target price on shares of Meta Platforms from $770.00 to $765.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Piper Sandler began coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They set an “overweight” rating for the company. Mizuho decreased their target price on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a research note on Friday, March 27th. Finally, Guggenheim decreased their target price on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $840.60.

Meta Platforms Price Performance

META stock opened at $566.98 on Monday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a fifty day simple moving average of $621.15 and a 200 day simple moving average of $636.05. The firm has a market cap of $1.43 trillion, a PE ratio of 20.61, a PEG ratio of 1.00 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the business earned $6.43 EPS. Meta Platforms’s quarterly revenue was up 33.1% compared to the same quarter last year. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insiders Place Their Bets

In related news, COO Javier Olivan sold 837 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 $526,715.73. Following the completion of the sale, the chief operating officer owned 12,986 shares of the company’s stock, valued at approximately $8,171,959.94. The trade was a 6.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 504 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $317,162.16. Following the transaction, the director directly owned 3,943 shares of the company’s stock, valued at approximately $2,481,290.47. This represents a 11.33% 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 have sold 39,170 shares of company stock worth $24,218,565 in the last 90 days. 13.53% of the stock is owned by corporate insiders.

Key Stories Impacting Meta Platforms

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.

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.