Unique Wealth LLC Sells 914 Shares of Meta Platforms, Inc. $META

Unique Wealth LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 25.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,717 shares of the social networking company’s stock after selling 914 shares during the quarter. Unique Wealth LLC’s holdings in Meta Platforms were worth $1,554,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. RHL Group LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms during the 4th quarter worth about $29,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at about $42,000. Key Capital Management INC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at about $48,000. Finally, Entrust Financial LLC bought a new stake in Meta Platforms in the 4th quarter valued at about $48,000. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on META shares. Mizuho lowered their target price on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Tigress Financial lifted their price target on shares of Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 18th. BNP Paribas Exane started coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They set an “outperform” rating for the company. Wall Street Zen downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Truist Financial reduced their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $840.60.

Key Meta Platforms News

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

• Positive Sentiment: Meta is being highlighted as a market outperformer, with coverage noting it has exceeded broader market returns, reinforcing the view that investors still see strong fundamentals behind the stock. Article Title
• Positive Sentiment: Meta and EssilorLuxottica launched a cheaper new line of AI smart glasses starting at $299, which could expand adoption of its wearables strategy and support long-term growth. Article Title
• Positive Sentiment: Meta’s analyst consensus remains “Moderate Buy,” suggesting Wall Street still sees upside potential despite recent volatility. Article Title
• Positive Sentiment: Multiple pieces point to Meta being a preferred growth stock for long-term investors, including commentary citing billionaire Dan Loeb’s bullish stance. Article Title
• Neutral Sentiment: Coverage comparing Meta with Snap underscores Meta’s much larger revenue base and more consistent growth, but this is more of a fundamentals refresher than a new catalyst. Article Title
• Negative Sentiment: Reports that Google is limiting Meta’s use of Gemini AI models raise a potential constraint on Meta’s access to outside AI compute capacity, which could be a modest headwind for its AI development plans. Article Title

Meta Platforms Trading Up 2.2%

Shares of META stock opened at $562.60 on Tuesday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-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 company has a 50-day simple moving average of $609.99 and a two-hundred day simple moving average of $629.84. The company has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.97 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $6.43 EPS. Research analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.

Insider Buying and Selling at Meta Platforms

In other 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 transaction, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 2,778 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer owned 10,557 shares of the company’s stock, valued at approximately $6,645,103.65. This represents a 20.83% 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. Insiders sold a total of 39,013 shares of company stock valued at $24,115,999 in the last quarter. 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.