NFSG Corp lifted its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,910 shares of the social networking company’s stock after purchasing an additional 1,257 shares during the period. Meta Platforms accounts for 2.3% of NFSG Corp’s portfolio, making the stock its 8th largest position. NFSG Corp’s holdings in Meta Platforms were worth $14,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. First National Bank Sioux Falls increased its stake in shares of Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock valued at $1,321,000 after buying an additional 14 shares during the period. Levin Capital Strategies L.P. lifted its stake in shares of Meta Platforms by 1.4% during the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock valued at $649,000 after acquiring an additional 14 shares during the period. Vista Capital Partners Inc. boosted its holdings in Meta Platforms by 1.3% in the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after acquiring an additional 14 shares during the last quarter. Arcataur Capital Management LLC boosted its holdings in Meta Platforms by 0.9% in the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock valued at $1,146,000 after acquiring an additional 15 shares during the last quarter. Finally, Acorn Creek Capital LLC boosted its holdings in Meta Platforms by 0.7% in the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock valued at $1,398,000 after acquiring an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.
Insider Activity
In other news, COO Javier Olivan sold 3,348 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares of the company’s stock, valued at $5,708,013.06. The trade was a 26.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 sale, the insider directly owned 1,118 shares in the company, valued at $681,890.56. The trade was 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 three months, insiders sold 37,948 shares of company stock valued at $23,184,319. 13.53% of the stock is owned by company insiders.
Meta Platforms Price Performance
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results 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 net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period last year, the company posted $6.43 EPS. Meta Platforms’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities analysts predict that Meta Platforms, Inc. will post 29.46 earnings per share for the current year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on META. UBS Group dropped their price objective on Meta Platforms from $865.00 to $766.00 and set a “buy” rating for the company in a report on Monday, July 13th. Wedbush began coverage on shares of Meta Platforms in a research note on Thursday, July 16th. They issued a “neutral” rating and a $671.00 target price on the stock. Erste Group Bank upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Guggenheim lowered their price target on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $830.45.
Check Out Our Latest Research Report on Meta Platforms
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Bank of America expects Meta to beat second-quarter estimates, citing healthy ad demand and AI-related improvements, with Q2 revenue now seen at $60.6 billion and EPS at $7.50 versus consensus of $60.2 billion and $7.18. Meta Platforms expected to top earnings estimates as ad growth remains healthy, says BofA
- Positive Sentiment: Investors are also encouraged by reports that Meta could monetize its AI buildout more directly, including a potential large-scale computing deal with Anthropic, which could help justify its heavy capex and reduce valuation pressure. Zuckerberg Is Quietly Turning Meta Into A Compute Provider Ahead Of Q2 Earnings
- Positive Sentiment: BlackRock’s $12 billion financing for new Meta data centers in Texas underscores strong outside confidence in Meta’s AI infrastructure strategy and signals continued investment in future capacity. BlackRock Leads $12 Billion Financing for New Meta Data Centers in Texas
- Neutral Sentiment: Commentary around Meta’s expanding AI ambitions and “compute provider” strategy reinforces the bullish AI narrative, but the market is still waiting for proof that the spending will translate into durable returns. Meta’s AI Ambitions Keep Expanding. Is META Stock Keeping Up?
- Neutral Sentiment: Meta faces a Tennessee trial over claims Instagram was designed to be addictive, adding headline risk and potential legal overhang for the stock. Meta faces Tennessee trial over allegations Instagram was designed to be addictive
- Negative Sentiment: Reports of temporary Facebook and Instagram outages may add near-term frustration for users and advertisers, though the impact appears more operational than fundamental. Users of Meta’s Facebook, Instagram report suffering some outages
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.
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