Commerzbank Aktiengesellschaft FI Boosts Stock Holdings in Meta Platforms, Inc. $META

Commerzbank Aktiengesellschaft FI raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,900 shares of the social networking company’s stock after purchasing an additional 14,841 shares during the period. Meta Platforms accounts for approximately 2.1% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 15th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Meta Platforms were worth $100,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First National Bank Sioux Falls grew its position in 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 buying an additional 14 shares in the last quarter. Levin Capital Strategies L.P. increased its holdings in shares of Meta Platforms by 1.4% in 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 during the period. Vista Capital Partners Inc. lifted its stake in shares of Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after acquiring an additional 14 shares during the last quarter. Arcataur Capital Management LLC lifted its stake in shares of Meta Platforms by 0.9% in the 4th 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 during the last quarter. Finally, Acorn Creek Capital LLC boosted its holdings in Meta Platforms by 0.7% during the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock valued at $1,398,000 after acquiring an additional 15 shares during the period. 79.91% of the stock is currently owned by institutional investors.

More Meta Platforms News

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

• Positive Sentiment: A new free verification badge system for Facebook users, which may improve trust and platform quality. Fast Company article
• Positive Sentiment: A dedicated Marketplace seller app with tools for merchants, aimed at making Facebook commerce more useful and organized. Reuters article
• Positive Sentiment: Wall Street commentary remained constructive, with articles highlighting Meta as a strong momentum stock and a potentially attractive AI-era value name.
• Positive Sentiment: Analyst sentiment stayed favorable, including a report that Wells Fargo raised its price target on Meta to $835.00.

Analysts Set New Price Targets

A number of research firms recently commented on META. Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a report on Thursday, April 30th. Sanford C. Bernstein dropped their price objective on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. UBS Group reduced their target price on Meta Platforms from $865.00 to $766.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $725.00 target price (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Piper Sandler started coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They issued an “overweight” rating on the stock. Five research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $835.64.

Insider Transactions at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 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, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares in the company, valued at $681,890.56. This trade represents a 65.03% 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. Insiders have sold a total of 37,948 shares of company stock valued at $23,184,319 over the last quarter. 13.53% of the stock is owned by insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $595.19 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market cap of $1.51 trillion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The business has a 50-day simple moving average of $604.51 and a two-hundred day simple moving average of $625.76. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share 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 firm had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. During the same period in the previous year, the company earned $6.43 earnings per share. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. On average, analysts expect that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued 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 was Monday, June 15th. Meta Platforms’s payout ratio is 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.