Shares of Meta Platforms, Inc. (NASDAQ:META – Get Free Report) rose 2.2% during trading on Monday . The company traded as high as $570.90 and last traded at $562.60. Approximately 14,290,448 shares changed hands during trading, a decline of 12% from the average daily volume of 16,283,937 shares. The stock had previously closed at $550.25.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Dan Ives called the recent selloff in Big Tech a buying opportunity, which could help sentiment toward Meta Platforms as part of the broader mega-cap tech group. Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here’s His Case
- Positive Sentiment: Meta is getting attention as a growth stock pick, with Dan Loeb cited as favoring the company, reinforcing investor confidence in its long-term fundamentals. Is Meta (META) Still One of Billionaire Dan Loeb’s Best Growth Stocks to Buy While It Holds Out on Trump’s AI Review?
- Positive Sentiment: Meta and EssilorLuxottica launched cheaper AI smart glasses starting at $299, a product move that could expand adoption and support revenue growth. Meta Platforms (META) To Launch a New Line of Smart Glasses and This Time They are Cheaper
- Positive Sentiment: Analysts reportedly continue to rate Meta as a “Moderate Buy,” suggesting Wall Street still sees room for upside. Meta Platforms, Inc. (NASDAQ:META) Receives Consensus Recommendation of “Moderate Buy” from Analysts
- Neutral Sentiment: Reports that Google is limiting Meta’s access to Gemini AI models add uncertainty around Meta’s AI infrastructure plans, but the impact on earnings is still unclear. Google limits Meta’s use of its Gemini AI models, FT reports
- Neutral Sentiment: Coverage comparing Meta’s revenue scale and trajectory versus Snap reinforces Meta’s stronger business profile, but it is largely informational rather than a new catalyst. Meta Platforms vs. Snap: Comparing Revenue Scale and Recent Trajectories
- Negative Sentiment: Meta is facing scrutiny after reports that the Trump administration wants the company to voluntarily submit AI models for security review, which could add regulatory pressure. Is Meta (META) Still One of Billionaire Dan Loeb’s Best Growth Stocks to Buy While It Holds Out on Trump’s AI Review?
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on META shares. Bank of America cut their price target on shares of Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Weiss Ratings lowered Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Mizuho lowered their price target on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Arete Research set a $735.00 price target on Meta Platforms and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Wolfe Research lowered their target price on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Three analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $840.60.
Meta Platforms Stock Up 2.2%
The stock has a market cap of $1.42 trillion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 0.97 and a beta of 1.23. The business has a fifty day moving average of $612.28 and a 200 day moving average of $630.50. 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 – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping 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 company 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 business posted $6.43 EPS. Meta Platforms’s quarterly revenue was up 33.1% on a year-over-year basis. On average, equities analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s payout ratio is currently 7.63%.
Insider Transactions at Meta Platforms
In related news, insider Curtis J. Mahoney sold 2,079 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. This trade represents a 65.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 140 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $600.00, for a total value of $84,000.00. Following the completion of the sale, the chief operating officer owned 12,846 shares of the company’s stock, valued at approximately $7,707,600. This trade represents a 1.08% 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. In the last quarter, insiders sold 39,013 shares of company stock worth $24,115,999. 13.53% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Meta Platforms
A number of hedge funds have recently bought and sold shares of META. Vanguard Group Inc. lifted its holdings in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after buying an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co grew its stake in shares of Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares during the last quarter. State Street Corp increased its position in Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after acquiring an additional 4,395,763 shares during the period. Geode Capital Management LLC boosted its holdings in Meta Platforms by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after purchasing an additional 878,396 shares during the period. Finally, Capital World Investors grew its position in Meta Platforms by 0.8% in the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock worth $26,112,735,000 after purchasing an additional 310,947 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.
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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