Tempo Wealth LLC Purchases New Holdings in Meta Platforms, Inc. $META

Tempo Wealth LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, Holdings Channel reports. The firm purchased 7,606 shares of the social networking company’s stock, valued at approximately $5,020,000. Meta Platforms makes up approximately 0.9% of Tempo Wealth LLC’s holdings, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Thryve Wealth Management LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at $1,027,000. KW Wealth Management LLC increased its position in shares of Meta Platforms by 22.0% in the fourth quarter. KW Wealth Management LLC now owns 850 shares of the social networking company’s stock worth $561,000 after purchasing an additional 153 shares during the period. MidFirst Bank bought a new position in shares of Meta Platforms in the fourth quarter worth $23,606,000. Alternative Investment Advisors LLC. raised its stake in Meta Platforms by 48.0% in the fourth quarter. Alternative Investment Advisors LLC. now owns 435 shares of the social networking company’s stock valued at $288,000 after purchasing an additional 141 shares in the last quarter. Finally, Ketron Financial acquired a new position in Meta Platforms in the fourth quarter valued at about $9,670,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on META. Rosenblatt Securities reiterated a “buy” rating and set a $1,015.00 price objective on shares of Meta Platforms in a research note on Thursday, May 28th. Truist Financial cut their price target on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Benchmark began coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group downgraded shares of Meta Platforms from a “buy” rating to a “sell” rating in a research report on Tuesday, June 2nd. Three research 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 issued a Sell rating to the stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $840.60.

Meta Platforms Price Performance

META stock opened at $577.22 on Friday. The firm has a 50-day moving average price of $621.27 and a 200-day moving average price of $634.15. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted $6.43 EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is currently 7.63%.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for ‘AI for work’ transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

Insiders Place Their Bets

In other news, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 140 shares of the stock in a transaction on Monday, June 15th. The shares were 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 owned 12,846 shares of the company’s stock, valued at $7,707,600. The trade was 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. Over the last quarter, insiders have sold 40,568 shares of company stock valued at $25,057,365. 13.53% of the stock is currently owned by insiders.

About Meta Platforms

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.