BOK Financial Private Wealth Inc. Buys 1,327 Shares of Meta Platforms, Inc. $META

BOK Financial Private Wealth Inc. increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 61.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,487 shares of the social networking company’s stock after purchasing an additional 1,327 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Meta Platforms were worth $2,302,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms in the third quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms during the fourth quarter valued at approximately $29,000. Key Capital Management INC bought a new position in Meta Platforms during the fourth quarter valued at approximately $48,000. Entrust Financial LLC bought a new position in Meta Platforms during the fourth quarter valued at approximately $48,000. Finally, Fairway Wealth LLC grew its position in Meta Platforms by 36.8% during the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock valued at $51,000 after acquiring an additional 21 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta’s Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
• Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
• Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
• Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”

Insiders Place Their Bets

In related news, 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 completion of the sale, the insider owned 1,118 shares of the company’s stock, valued at $681,890.56. This trade represents a 65.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was 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 of the company’s stock, valued at $251,641.62. The trade was a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 42,445 shares of company stock worth $26,306,420. Insiders own 13.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on META shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price target on shares of Meta Platforms from $770.00 to $765.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Stifel Nicolaus reduced their price target on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Citizens Jmp reiterated a “market outperform” rating and set a $900.00 price target on shares of Meta Platforms in a research report on Tuesday, April 21st. Finally, Barclays increased their price target on shares of Meta Platforms from $800.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $840.19.

Meta Platforms Stock Performance

NASDAQ:META opened at $632.51 on Friday. The firm has a market cap of $1.60 trillion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. 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 business has a 50 day moving average price of $617.84 and a 200-day moving average price of $636.88.

Meta Platforms (NASDAQ:META) last released 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. The firm had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.43 earnings per share. Equities research analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio is 7.63%.

Meta Platforms 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.