Wealth Preservation Advisors LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 60.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,632 shares of the social networking company’s stock after purchasing an additional 992 shares during the period. Meta Platforms comprises approximately 0.9% of Wealth Preservation Advisors LLC’s portfolio, making the stock its 16th largest position. Wealth Preservation Advisors LLC’s holdings in Meta Platforms were worth $1,738,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of META. Monetary Solutions Ltd purchased a new position in Meta Platforms in the fourth quarter valued at $53,000. Kera Capital Partners Inc. raised its stake in Meta Platforms by 36.0% in the fourth quarter. Kera Capital Partners Inc. now owns 3,674 shares of the social networking company’s stock valued at $2,632,000 after buying an additional 972 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Meta Platforms during the 4th quarter worth about $1,546,000. MV Capital Management Inc. purchased a new stake in Meta Platforms during the 4th quarter worth about $1,446,000. Finally, Continental Investors Services Inc. boosted its position in shares of Meta Platforms by 37.7% during the 4th quarter. Continental Investors Services Inc. now owns 464 shares of the social networking company’s stock worth $334,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Stock Performance
NASDAQ:META opened at $577.22 on Friday. The stock’s 50 day moving average price is $621.27 and its 200 day moving average price is $634.15. The company has a market capitalization of $1.46 trillion, a PE ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.23. 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, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.
Meta Platforms Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a dividend of $0.525 per share. 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 7.63%.
Insider Buying and Selling at Meta Platforms
In other news, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the transaction, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at $6,645,103.65. The trade was a 20.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the completion of the sale, the chief financial officer owned 13,186 shares of the company’s stock, 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. Over the last quarter, insiders sold 40,568 shares of company stock valued at $25,057,365. Insiders own 13.53% of the company’s stock.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
- Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
- Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
- Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
- Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
- Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for ‘AI for work’ transformation is leaving company
- Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
- Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Tigress Financial increased their price objective on Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 18th. Rosenblatt Securities restated a “buy” rating and set a $1,015.00 target price on shares of Meta Platforms in a research note on Thursday, May 28th. Wedbush upgraded Meta Platforms from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus lowered their price target on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Piper Sandler started coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued an “overweight” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $840.60.
Get Our Latest Stock Analysis on Meta Platforms
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.
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