UniSuper Management Pty Ltd Has $389 Million Stock Holdings in Meta Platforms, Inc. $META

UniSuper Management Pty Ltd raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 589,319 shares of the social networking company’s stock after purchasing an additional 51,943 shares during the period. Meta Platforms comprises 2.3% of UniSuper Management Pty Ltd’s portfolio, making the stock its 9th biggest position. UniSuper Management Pty Ltd’s holdings in Meta Platforms were worth $389,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of META. Westchester Capital Management Inc. bought a new stake in Meta Platforms during the 3rd quarter valued at $26,000. RHL Group LLC bought a new stake in Meta Platforms during the 4th quarter valued at $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the 4th quarter valued at $29,000. Key Capital Management INC bought a new stake in Meta Platforms during the 4th quarter valued at $48,000. Finally, Entrust Financial LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at $48,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 0.4%

Shares of META stock opened at $568.43 on Friday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The stock’s fifty day moving average price is $621.39 and its 200 day moving average price is $636.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market cap 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.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping 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 firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the previous year, the business earned $6.43 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Meta Platforms News Roundup

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on META shares. Arete Research set a $735.00 price target on Meta Platforms and gave the company a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Friday, March 27th. Benchmark started coverage on Meta Platforms in a report on Tuesday, June 2nd. They issued a “buy” rating on the stock. Wells Fargo & Company cut their price target on Meta Platforms from $770.00 to $765.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, Guggenheim cut their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $840.60.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares in the company, valued at approximately $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 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, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, 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. 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 have sold 41,305 shares of company stock valued at $25,567,928 in the last 90 days. Corporate insiders own 13.53% of the company’s stock.

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.