Profund Advisors LLC Acquires 23,781 Shares of Meta Platforms, Inc. $META

Profund Advisors LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 24.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 121,389 shares of the social networking company’s stock after buying an additional 23,781 shares during the period. Meta Platforms comprises about 2.4% of Profund Advisors LLC’s portfolio, making the stock its 6th biggest holding. Profund Advisors LLC’s holdings in Meta Platforms were worth $80,128,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. ProShare Advisors LLC increased its holdings in shares of Meta Platforms by 55.0% in the 4th quarter. ProShare Advisors LLC now owns 2,057,231 shares of the social networking company’s stock valued at $1,357,958,000 after purchasing an additional 729,921 shares during the period. Warner Group LLC increased its holdings in shares of Meta Platforms by 44.6% in the 4th quarter. Warner Group LLC now owns 739 shares of the social networking company’s stock valued at $488,000 after purchasing an additional 228 shares during the period. Summit Wealth Group LLC increased its holdings in shares of Meta Platforms by 30.9% in the 4th quarter. Summit Wealth Group LLC now owns 712 shares of the social networking company’s stock valued at $470,000 after purchasing an additional 168 shares during the period. Radnor Capital Management LLC increased its holdings in shares of Meta Platforms by 2.0% in the 4th quarter. Radnor Capital Management LLC now owns 1,560 shares of the social networking company’s stock valued at $1,030,000 after purchasing an additional 30 shares during the period. Finally, Prossimo Advisors LLC increased its holdings in shares of Meta Platforms by 12.9% in the 4th quarter. Prossimo Advisors LLC now owns 764 shares of the social networking company’s stock valued at $504,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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, CFO Susan J. Li sold 9,195 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value 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 trade represents a 41.08% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 40,366 shares of company stock worth $25,038,396 over the last 90 days. Insiders own 13.53% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $635.29 on Friday. The stock has a market capitalization of $1.61 trillion, a P/E ratio of 23.09, a P/E/G ratio of 1.13 and a beta of 1.25. The business has a 50-day moving average of $617.50 and a two-hundred day moving average of $636.91. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS 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 for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the prior year, the firm posted $6.43 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities research analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.

More Meta Platforms News

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

• Positive Sentiment: Meta launched paid subscription plans for Facebook, Instagram, WhatsApp, and Meta AI, creating a new monetization path beyond advertising. Early reports suggest the pricing could meaningfully add to revenue over time, and analysts have highlighted upside if adoption builds. Article Title
• Positive Sentiment: Meta also announced a quarterly cash dividend, which may appeal to income-focused investors and signals confidence in the company’s cash generation. Article Title
• Positive Sentiment: Analyst commentary remained constructive, with Rosenblatt reaffirming a buy rating and raising its price target, reflecting optimism around Meta’s ad business, AI efforts, and new subscription revenue. Article Title
• Neutral Sentiment: Meta committed additional funding to its Oversight Board through 2028, which supports governance stability but is unlikely to move the stock much on its own. Article Title
• Neutral Sentiment: COO Javier Olivan sold shares under a pre-arranged trading plan, which is routine insider activity and not necessarily a bearish signal.
• Negative Sentiment: Meta faces continued legal and reputational overhangs, including a Kentucky trial seeking a large penalty and a Supreme Court setback in the Vermont Instagram addiction case. Article Title

Wall Street Analysts Forecast Growth

META has been the topic of a number of research reports. TD Cowen dropped their target price on Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Barclays upped their target price on Meta Platforms from $800.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Stifel Nicolaus dropped their target price on Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Monness Crespi & Hardt boosted their price target on Meta Platforms from $808.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $900.00 price objective on shares of Meta Platforms in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $840.19.

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.