Nuveen LLC Trims Stake in Meta Platforms, Inc. $META

Nuveen LLC cut its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,665,328 shares of the social networking company’s stock after selling 2,933,304 shares during the quarter. Meta Platforms makes up about 1.8% of Nuveen LLC’s investment portfolio, making the stock its 8th largest position. Nuveen LLC’s holdings in Meta Platforms were worth $7,040,076,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of META. Norges Bank bought a new position in Meta Platforms during the 4th quarter worth approximately $22,152,075,000. Vanguard Group Inc. grew its position in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. State Street Corp grew its position in Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the last quarter. Danske Bank A S bought a new position in Meta Platforms during the 3rd quarter worth approximately $1,191,175,000. Finally, Bank of New York Mellon Corp grew its position in Meta Platforms by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,874,837 shares of the social networking company’s stock worth $9,818,731,000 after acquiring an additional 1,255,496 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 0.4%

META stock opened at $568.43 on Friday. The company has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23. 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 business’s 50 day moving average price is $621.39 and its two-hundred day moving average price is $636.37. 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 results 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 return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the previous year, the company posted $6.43 earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. As a group, analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms’s payout ratio is currently 7.63%.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 837 shares of Meta Platforms stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $526,715.73. Following the sale, the chief operating officer directly owned 12,986 shares in the company, valued at $8,171,959.94. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 504 shares of Meta Platforms stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the sale, the director owned 3,943 shares in the company, valued at $2,481,290.47. This represents a 11.33% decrease in their ownership of the stock. 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. Insiders sold a total of 41,305 shares of company stock valued at $25,567,928 over the last ninety days. Insiders own 13.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on META. Erste Group Bank lowered Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Benchmark began coverage on Meta Platforms in a research report on Tuesday, June 2nd. They set a “buy” rating on the stock. Bank of America reduced their price target on Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Arete Research set a $735.00 price target on Meta Platforms and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, TD Cowen reduced their price target on Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $840.60.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta announced a partnership with Reliance Industries to build its first AI-enabled data center in India, a 168-megawatt facility that could support its global AI infrastructure push and long-term capacity needs. Mark Zuckerberg Teams Up With India’s Richest Man To Build Meta’s Next AI Powerhouse
• Positive Sentiment: Analysts continue to point to upside from Meta’s AI and subscription initiatives, including commentary that the company may be building a sizable new recurring revenue stream to help offset infrastructure costs. Meta is building a new $20B business, Truist says
• Positive Sentiment: Several reports and analyst notes highlighted Meta as an attractive long-term AI and compounder stock, reinforcing bullish sentiment despite recent volatility. 5 Best Compounder Stocks to Buy Now
• Neutral Sentiment: Meta is drawing attention for hiring, workforce reallocation, and training efforts tied to the AI data-center boom, which may help execution but does not change near-term earnings directly. The workers Meta and Google desperately need aren’t in Silicon Valley
• Neutral Sentiment: Wall Street remains split on Meta’s AI capital spending cycle, with some analysts lifting estimates while others warn investors are waiting for proof that higher capex will generate returns. Meta navigates AI investment cycle as Street weighs costs against returns
• Neutral Sentiment: Meta also received a modest earnings estimate bump from Erste Group, suggesting analysts see continued earnings strength, though the rating remained Hold. Meta Platforms stock research summary
• Negative Sentiment: Investor concern is growing that Meta’s aggressive AI spending could pressure margins and free cash flow before monetization fully catches up, which is weighing on sentiment. Are investors growing concerned about Meta’s AI spend?
• Negative Sentiment: Meta lost a bid for a new trial in its youth social-media addiction case, keeping legal overhangs alive for the stock. Google and Meta denied new trial in youth social media addiction case
• Negative Sentiment: A report also said hackers breached thousands of Instagram accounts through an AI-related bug, adding another security and product-trust issue for Meta. Hackers Breach 20K Instagram Accounts Due to AI Bug

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.