Meta Platforms, Inc. $META Position Reduced by Triglav Investments D.O.O.

Triglav Investments D.O.O. lessened its stake in Meta Platforms, Inc. (NASDAQ:META) by 14.1% during the 4th quarter, HoldingsChannel reports. The firm owned 89,477 shares of the social networking company’s stock after selling 14,670 shares during the quarter. Meta Platforms accounts for about 3.7% of Triglav Investments D.O.O.’s investment portfolio, making the stock its 7th biggest holding. Triglav Investments D.O.O.’s holdings in Meta Platforms were worth $59,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Meta Platforms during the 4th quarter worth about $19,852,000. Principia Wealth Advisory LLC grew its position in Meta Platforms by 144.4% in the 4th quarter. Principia Wealth Advisory LLC now owns 264 shares of the social networking company’s stock valued at $174,000 after acquiring an additional 156 shares in the last quarter. Fiducient Advisors LLC grew its position in Meta Platforms by 20.8% in the 4th quarter. Fiducient Advisors LLC now owns 2,749 shares of the social networking company’s stock valued at $1,815,000 after acquiring an additional 473 shares in the last quarter. National Pension Service boosted its stake in shares of Meta Platforms by 3.1% in the 4th quarter. National Pension Service now owns 4,607,770 shares of the social networking company’s stock valued at $3,041,543,000 after buying an additional 137,571 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $578,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $593.00 on Monday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The stock has a market cap of $1.50 trillion, a P/E ratio of 21.56, a P/E/G ratio of 1.05 and a beta of 1.23. The business has a fifty day simple moving average of $618.83 and a 200-day simple moving average of $636.81. 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 announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. During the same quarter last year, the business posted $6.43 earnings per share. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on META shares. BNP Paribas Exane assumed coverage on Meta Platforms in a report on Tuesday, June 2nd. They issued an “outperform” rating for the company. Sanford C. Bernstein cut their price target on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Piper Sandler assumed coverage on Meta Platforms in a research report on Tuesday, June 2nd. They issued an “overweight” rating for the company. Wolfe Research cut their price objective on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Finally, KeyCorp reiterated an “overweight” rating and issued a $760.00 price objective on shares of Meta Platforms in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $840.60.

Insider Buying and Selling at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer owned 414 shares of the company’s stock, valued at $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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 sale, the chief operating officer directly owned 12,986 shares in the company, valued at approximately $8,171,959.94. The trade was a 6.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 41,305 shares of company stock valued at $25,567,928. 13.53% of the stock is owned by company insiders.

Meta Platforms News Summary

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

• Negative Sentiment: Meta is reportedly weighing a large stock sale to fund AI infrastructure, sparking dilution concerns and pressuring the shares. Article: Meta weighs big equity raising after blockbuster Google deal
• Negative Sentiment: Meta’s AI rollout has faced another delay, with the Muse Spark developer API still lacking a launch date, raising questions about when the company can monetize its AI investments. Article: Meta repeatedly pushes back new AI model release for developers
• Negative Sentiment: Privacy concerns resurfaced after reports that Meta smart glasses could use facial-recognition-style “faceprint” tracking, which could invite regulatory scrutiny and consumer backlash. Article: Code Reveals Meta Smart Glasses Can Use ‘Faceprint’ Tracking, Raising Privacy Alarms
• Negative Sentiment: Meta is also battling renewed policy and legal pressure in Australia over proposed payments for news, adding another regulatory overhang. Article: Meta accuses Australia of breaching FTA, invokes US ‘trade action’
• Neutral Sentiment: Meta continues to receive bullish long-term commentary from some analysts and investors who view it as a major AI and advertising platform, but that optimism is being overshadowed today by funding and execution concerns. Article: Analyst Sees Multi-Billion Dollar Potential In Meta Platforms’ Subscription Model

Meta Platforms Company 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.