Meta Platforms, Inc. $META Shares Bought by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,400 shares of the social networking company’s stock after buying an additional 1,000 shares during the quarter. Meta Platforms accounts for approximately 2.4% of Mitsubishi UFJ Asset Management UK Ltd.’s portfolio, making the stock its 12th biggest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Meta Platforms were worth $4,885,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of META. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms during the third quarter valued at $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at $29,000. Key Capital Management INC acquired a new position in shares of Meta Platforms during the fourth quarter valued at $48,000. Entrust Financial LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at $48,000. Finally, Fairway Wealth LLC increased its holdings in shares of Meta Platforms by 36.8% during the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock valued at $51,000 after purchasing an additional 21 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta’s Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
• Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
• Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
• Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”

Meta Platforms Price Performance

META stock opened at $632.51 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The firm has a market capitalization of $1.60 trillion, a PE ratio of 22.99, a P/E/G ratio of 1.13 and a beta of 1.25. The firm has a 50-day moving average of $617.84 and a two-hundred day moving average of $636.88.

Meta Platforms (NASDAQ:META) last posted 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 net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the firm earned $6.43 earnings per share. The business’s quarterly revenue 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 year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 7.63%.

Analyst Ratings Changes

A number of research analysts have recently commented on META shares. Cantor Fitzgerald lowered their price target on Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed 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. UBS Group lowered their target price on Meta Platforms from $908.00 to $865.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Erste Group Bank lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.19.

Insider Activity

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 837 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $608.98, for a total transaction of $509,716.26. Following the sale, the chief operating officer directly owned 13,823 shares of the company’s stock, valued at $8,417,930.54. This represents a 5.71% decrease in their ownership of the stock. 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 sold a total of 42,445 shares of company stock valued at $26,306,420 over the last ninety days. Corporate insiders own 13.53% of the company’s stock.

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.