Maridea Wealth Management LLC Sells 2,630 Shares of Meta Platforms, Inc. $META

Maridea Wealth Management LLC cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 26.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,266 shares of the social networking company’s stock after selling 2,630 shares during the period. Maridea Wealth Management LLC’s holdings in Meta Platforms were worth $4,157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RHL Group LLC bought a new position in Meta Platforms in the 4th quarter worth $28,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $29,000. Niles Investment Management LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $29,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms during the fourth quarter valued at about $42,000. Finally, Key Capital Management INC purchased a new position in shares of Meta Platforms during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Tigress Financial upped their target price on Meta Platforms from $935.00 to $945.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 18th. Stifel Nicolaus decreased their target price on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating and set a $810.00 price target on shares of Meta Platforms in a research report on Monday, June 1st. Finally, Wells Fargo & Company reduced their price target on Meta Platforms from $770.00 to $765.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $840.60.

Meta Platforms Stock Performance

Shares of META opened at $564.11 on Wednesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $607.50 and its 200-day moving average price is $629.23. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The stock has a market cap of $1.43 trillion, a P/E ratio of 20.51, a P/E/G ratio of 1.00 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter last year, the company earned $6.43 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. Equities research analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta continues to draw bullish commentary from analysts and investors who view it as a strong long-term growth story, with some recent coverage calling it a market favorite and one of billionaire Dan Loeb’s preferred growth holdings.
• Positive Sentiment: Reports that Meta is rolling out a cheaper new line of smart glasses, starting at $299, support the company’s push beyond social media into wearable AI hardware and could broaden adoption.
• Positive Sentiment: One recent article argued Meta has clear AI-driven upside over the next several years, reinforcing the view that its scale, ad business, and AI investments could support higher earnings over time.
• Neutral Sentiment: Mark Zuckerberg is reportedly building a standalone prediction-market app, which could create a new product category, but it remains early and its financial impact is unclear.
• Neutral Sentiment: Broader “Magnificent 7” weakness has weighed on mega-cap tech stocks overall, adding a market-level headwind even for companies with strong fundamentals.
• Negative Sentiment: The lawsuit ruling in the Facebook and Instagram addiction case keeps legal exposure alive and could increase uncertainty around Meta’s platform practices and future costs. Mark Zuckerberg’s Meta loses bid to toss lawsuit alleging Facebook and Instagram addict children

Insider Buying and Selling

In other news, CFO Susan J. Li sold 9,195 shares of Meta Platforms stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the transaction, the chief financial officer owned 13,186 shares of the company’s stock, valued at $8,014,978.24. The trade was a 41.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was 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 owned 1,118 shares in the company, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. 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 have sold 39,013 shares of company stock valued at $24,115,999 over the last ninety days. Insiders own 13.53% of the company’s stock.

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.