Kapitalo Investimentos Ltda Has $25.17 Million Holdings in Meta Platforms, Inc. $META

Kapitalo Investimentos Ltda lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 22.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,993 shares of the social networking company’s stock after selling 12,649 shares during the period. Meta Platforms comprises 4.7% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 8th largest holding. Kapitalo Investimentos Ltda’s holdings in Meta Platforms were worth $25,170,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. RHL Group LLC bought a new position in Meta Platforms in the 4th quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth $29,000. Niles Investment Management LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth $29,000. Bayban raised its stake in shares of Meta Platforms by 100.0% in the first quarter. Bayban now owns 70 shares of the social networking company’s stock worth $40,000 after purchasing an additional 35 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,847 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the sale, the chief technology officer directly owned 414 shares in the company, valued at approximately $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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, COO Javier Olivan sold 3,348 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the sale, the chief operating officer directly owned 9,498 shares of the company’s stock, valued at approximately $5,708,013.06. This represents a 26.06% 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. In the last ninety days, insiders sold 37,948 shares of company stock worth $23,184,319. 13.53% of the stock is owned by corporate insiders.

Key Meta Platforms News

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

• Positive Sentiment: A new free verification badge system for Facebook users, which may improve trust and platform quality. Fast Company article
• Positive Sentiment: A dedicated Marketplace seller app with tools for merchants, aimed at making Facebook commerce more useful and organized. Reuters article
• Positive Sentiment: Wall Street commentary remained constructive, with articles highlighting Meta as a strong momentum stock and a potentially attractive AI-era value name.
• Positive Sentiment: Analyst sentiment stayed favorable, including a report that Wells Fargo raised its price target on Meta to $835.00.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,015.00 price objective on shares of Meta Platforms in a research report on Thursday, May 28th. Wells Fargo & Company boosted their target price on Meta Platforms from $767.00 to $835.00 and gave the stock an “overweight” rating in a research report on Tuesday. Susquehanna upgraded shares of Meta Platforms from a “positive” rating to a “positive” rating in a research note on Tuesday, June 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a report on Wednesday, July 8th. Finally, Barclays lifted their price target on shares of Meta Platforms from $800.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $835.64.

Meta Platforms Stock Down 1.8%

Meta Platforms stock opened at $595.19 on Friday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The stock has a fifty day moving average of $604.51 and a 200 day moving average of $625.76. 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 stock has a market cap of $1.51 trillion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the firm posted $6.43 earnings per share. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 29.49 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms’s dividend payout ratio is 7.63%.

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.