IFG Advisory LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,452 shares of the social networking company’s stock after purchasing an additional 1,262 shares during the quarter. IFG Advisory LLC’s holdings in Meta Platforms were worth $6,239,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. State Street Corp lifted its stake in shares of Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock valued at $64,158,971,000 after acquiring an additional 1,650,435 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after acquiring an additional 878,396 shares during the last quarter. Capital World Investors lifted its stake in shares of Meta Platforms by 0.7% in the 3rd quarter. Capital World Investors now owns 39,247,690 shares of the social networking company’s stock valued at $28,823,375,000 after acquiring an additional 278,180 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Meta Platforms by 0.8% in the 3rd quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company’s stock valued at $12,597,374,000 after acquiring an additional 142,229 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Stock Performance
META stock opened at $593.00 on Friday. The stock has a 50-day moving average price of $618.83 and a 200-day moving average price of $636.57. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year 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 firm has a market cap of $1.50 trillion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on META shares. Wolfe Research dropped their price target on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Susquehanna upgraded Meta Platforms from a “positive” rating to a “positive” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Friday, March 27th. Truist Financial decreased their price objective on Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Erste Group Bank downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $840.60.
Get Our Latest Stock Analysis on META
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Negative Sentiment: Meta is reportedly weighing a large stock sale to fund AI infrastructure, sparking dilution concerns and pressuring the shares. Article: Meta weighs big equity raising after blockbuster Google deal
- Negative Sentiment: Meta’s AI rollout has faced another delay, with the Muse Spark developer API still lacking a launch date, raising questions about when the company can monetize its AI investments. Article: Meta repeatedly pushes back new AI model release for developers
- Negative Sentiment: Privacy concerns resurfaced after reports that Meta smart glasses could use facial-recognition-style “faceprint” tracking, which could invite regulatory scrutiny and consumer backlash. Article: Code Reveals Meta Smart Glasses Can Use ‘Faceprint’ Tracking, Raising Privacy Alarms
- Negative Sentiment: Meta is also battling renewed policy and legal pressure in Australia over proposed payments for news, adding another regulatory overhang. Article: Meta accuses Australia of breaching FTA, invokes US ‘trade action’
- Neutral Sentiment: Meta continues to receive bullish long-term commentary from some analysts and investors who view it as a major AI and advertising platform, but that optimism is being overshadowed today by funding and execution concerns. Article: Analyst Sees Multi-Billion Dollar Potential In Meta Platforms’ Subscription Model
Insiders Place Their Bets
In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value 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. This trade represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 837 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $526,715.73. Following the completion of the sale, the chief operating officer owned 12,986 shares of the company’s stock, valued at $8,171,959.94. The trade was a 6.06% decrease in their ownership of the stock. 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 42,860 shares of company stock valued at $26,555,260. 13.53% of the stock is currently owned by corporate insiders.
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.
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