Nwam LLC Sells 1,541 Shares of Meta Platforms, Inc. $META

Nwam LLC lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 24,481 shares of the social networking company’s stock after selling 1,541 shares during the quarter. Meta Platforms comprises approximately 0.9% of Nwam LLC’s portfolio, making the stock its 17th biggest holding. Nwam LLC’s holdings in Meta Platforms were worth $16,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter worth $26,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the 4th quarter worth approximately $29,000. Key Capital Management INC bought a new stake in Meta Platforms during the 4th quarter worth approximately $48,000. Fairway Wealth LLC raised its stake in Meta Platforms by 36.8% during the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock worth $51,000 after acquiring an additional 21 shares during the period. Finally, Merrithew & Thorsten Inc bought a new stake in Meta Platforms during the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on META. Bank of America decreased their target price on shares of Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. 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, April 30th. Roth Mkm restated a “buy” rating on shares of Meta Platforms in a research note on Thursday, April 30th. Piper Sandler reiterated an “overweight” rating and set a $800.00 target price (down from $880.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Finally, KeyCorp reiterated an “overweight” rating and set a $760.00 target price on shares of Meta Platforms in a research report on Thursday, April 30th. Four research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.31.

Meta Platforms Price Performance

Meta Platforms stock opened at $602.61 on Wednesday. The company has a market cap of $1.52 trillion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.07 and a beta of 1.25. The firm’s fifty day moving average is $620.35 and its 200 day moving average is $637.91. 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 (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.43 earnings per share. Sell-side analysts forecast that Meta Platforms, Inc. will post 29.65 EPS for the current fiscal year.

Meta Platforms News Summary

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

• Negative Sentiment: Meta began laying off about 8,000 employees, or roughly 10% of its workforce, as part of a broader AI-first transformation. The move highlights rising restructuring costs and suggests more cuts could follow later this year. Meta Begins Laying Off 8,000 Employees Amid A.I. Transformation
• Negative Sentiment: Reports that Meta is cutting jobs while ramping up AI investment have kept attention on margin pressure and the scale of the company’s AI spending bill, which some investors view as a near-term drag on earnings. Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
• Neutral Sentiment: Meta offered rival AI chatbot makers limited free access to WhatsApp in Europe before charging once usage limits are reached. The move could support platform engagement and developer adoption, but the financial impact is still unclear. Exclusive: Meta offers AI rival chatbots limited free WhatsApp access, sources say
• Neutral Sentiment: Meta also drew attention for new AI-related product and safety initiatives, including an incognito chat feature for WhatsApp’s AI assistant and new parental supervision tools, but these are not likely to move the stock in the near term. Meta Platforms (META) Launching Incognito Chat for WhatsApp AI Assistant

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the business’s 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 of the company’s stock, valued at approximately $251,641.62. The trade was a 94.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 business’s 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 directly owned 13,186 shares in the company, valued at approximately $8,014,978.24. This 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 171,517 shares of company stock valued at $109,138,067 over the last 90 days. 13.53% of the stock is owned by corporate insiders.

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.