Diversify Wealth Management LLC Grows Stake in Meta Platforms, Inc. $META

Diversify Wealth Management LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 236.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,830 shares of the social networking company’s stock after purchasing an additional 71,523 shares during the quarter. Meta Platforms accounts for 1.1% of Diversify Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Diversify Wealth Management LLC’s holdings in Meta Platforms were worth $58,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First National Bank Sioux Falls increased its position in shares of Meta Platforms by 0.7% during the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock worth $1,321,000 after acquiring an additional 14 shares during the last quarter. Levin Capital Strategies L.P. grew its position in shares of Meta Platforms by 1.4% during the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock worth $649,000 after buying an additional 14 shares in the last quarter. Vista Capital Partners Inc. grew its position in shares of Meta Platforms by 1.3% during the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock worth $794,000 after buying an additional 14 shares in the last quarter. Arcataur Capital Management LLC raised its holdings in Meta Platforms by 0.9% in the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock valued at $1,146,000 after acquiring an additional 15 shares in the last quarter. Finally, Acorn Creek Capital LLC increased its position in shares of Meta Platforms by 0.7% in the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock worth $1,398,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

More Meta Platforms News

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

• Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
• Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
• Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
• Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
• Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 500 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the transaction, the director owned 3,443 shares in the company, valued at approximately $2,092,483.25. This trade represents a 12.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the transaction, the chief operating officer directly owned 9,498 shares in the company, valued at $5,708,013.06. The trade was a 26.06% 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. Insiders sold 39,503 shares of company stock valued at $24,241,859 over the last ninety days. Corporate insiders own 13.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on META. Roth Capital reaffirmed a “buy” rating on shares of Meta Platforms in a report on Thursday, April 30th. Morgan Stanley reduced their price objective on Meta Platforms from $825.00 to $775.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company boosted their price target on shares of Meta Platforms from $765.00 to $767.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group downgraded Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. Finally, Wedbush initiated coverage on Meta Platforms in a research note on Thursday. They set a “neutral” rating and a $671.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $830.45.

Meta Platforms Stock Performance

Shares of META stock opened at $646.01 on Friday. The stock’s fifty day simple moving average is $603.17 and its 200-day simple moving average is $627.00. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.17 and a beta of 1.25. 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.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $6.43 earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. On average, sell-side analysts predict that Meta Platforms, Inc. will post 29.42 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.

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.