Meta Platforms, Inc. $META Shares Sold by BXM Wealth LLC

BXM Wealth LLC decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 92.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510 shares of the social networking company’s stock after selling 19,814 shares during the quarter. BXM Wealth LLC’s holdings in Meta Platforms were worth $864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bigelow Investment Advisors LLC increased its position in shares of Meta Platforms by 7.3% in the first quarter. Bigelow Investment Advisors LLC now owns 1,982 shares of the social networking company’s stock valued at $1,134,000 after buying an additional 135 shares in the last quarter. Littlejohn Financial Services Inc. boosted its stake in Meta Platforms by 408.2% in the 1st quarter. Littlejohn Financial Services Inc. now owns 2,033 shares of the social networking company’s stock worth $1,163,000 after buying an additional 1,633 shares during the last quarter. SageGuard Financial Group LLC increased its stake in shares of Meta Platforms by 9.1% during the 1st quarter. SageGuard Financial Group LLC now owns 14,889 shares of the social networking company’s stock valued at $8,518,000 after acquiring an additional 1,246 shares during the last quarter. Next Level Private LLC grew its stake in shares of Meta Platforms by 6.5% during the 1st quarter. Next Level Private LLC now owns 1,555 shares of the social networking company’s stock valued at $890,000 after buying an additional 95 shares during the period. Finally, 3Chopt Investment Partners LLC lifted its position in Meta Platforms by 0.5% during the first quarter. 3Chopt Investment Partners LLC now owns 12,408 shares of the social networking company’s stock valued at $7,099,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus reduced their target price on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research note on Friday, May 1st. KeyCorp reiterated an “overweight” rating and set a $760.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Finally, Mizuho cut their target price on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $840.64.

Insider Activity

In other news, COO Javier Olivan sold 140 shares of the 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 transaction, the chief operating officer directly owned 12,846 shares of the company’s stock, valued at approximately $7,707,600. This represents a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 owned 1,118 shares of the company’s stock, valued at $681,890.56. This trade represents a 65.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 39,013 shares of company stock worth $24,115,999. Company insiders own 13.53% of the company’s stock.

Meta Platforms Trading Down 0.0%

Shares of Meta Platforms stock opened at $582.88 on Friday. The firm has a market capitalization of $1.47 trillion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The company’s fifty day moving average price is $602.79 and its two-hundred day moving average price is $628.20. 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 data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping 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 the consensus estimate of $55.56 billion. During the same period last year, the firm earned $6.43 EPS. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. On average, analysts expect that Meta Platforms, Inc. will post 29.46 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s payout ratio is presently 7.63%.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta is being viewed more favorably by some analysts because its AI-powered ads are reportedly improving advertiser returns, which supports revenue growth and suggests its AI spending is starting to pay off. Meta’s Capex Is Paying Off, But The Market Doesn’t Care
• Positive Sentiment: Reports that Meta may rent out excess GPU capacity and build a cloud-computing business are boosting sentiment, since investors see a potential new monetization avenue beyond digital advertising. Meta’s push into cloud computing means Wall Street has to prepare for lower margins
• Positive Sentiment: Meta’s broader AI strategy is also getting support from bullish coverage that argues the company is chasing a huge enterprise AI-compute opportunity and could eventually re-rate higher if execution improves. Senior Analyst: Meta Is Chasing A $2 Trillion AI Compute Opportunity, But It’s Years Behind
• Neutral Sentiment: Meta remains a highly followed stock, with traders and analysts continuing to debate whether its AI investment cycle will translate into sustainable earnings growth or just higher spending. Meta Platforms, Inc. (META) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Zuckerberg also acknowledged that Meta’s AI agents are progressing slower than expected, which reinforces investor concerns that some of the company’s ambitious AI initiatives may take longer to monetize. Zuckerberg says AI agent development going slower than expected
• Negative Sentiment: India reportedly asked Meta to delay its WhatsApp username rollout over fraud concerns, creating a potential regulatory hurdle for one of Meta’s most important messaging growth initiatives. India asks Meta to hold WhatsApp username rollout over fraud fears

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.