IFM Investors Pty Ltd Has $252.07 Million Stock Holdings in Meta Platforms, Inc. $META

IFM Investors Pty Ltd grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 440,590 shares of the social networking company’s stock after purchasing an additional 18,674 shares during the quarter. Meta Platforms accounts for 2.1% of IFM Investors Pty Ltd’s portfolio, making the stock its 8th largest position. IFM Investors Pty Ltd’s holdings in Meta Platforms were worth $252,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares in the last quarter. Headwater Capital Co Ltd boosted its position in shares of Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after purchasing an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Meta Platforms in the 2nd quarter worth approximately $213,000. Finally, Capital & Planning LLC bought a new stake in shares of Meta Platforms in the 2nd quarter worth approximately $322,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 1,118 shares of the company’s stock, valued at $681,890.56. This represents a 65.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction dated 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 owned 414 shares of the company’s stock, valued at approximately $251,641.62. The trade was a 94.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 39,013 shares of company stock worth $24,115,999 in the last 90 days. Insiders own 13.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on META. Stifel Nicolaus dropped their price target on Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Erste Group Bank lowered Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. KeyCorp restated an “overweight” rating and issued a $760.00 target price on shares of Meta Platforms in a report on Thursday, April 30th. Susquehanna raised Meta Platforms from a “positive” rating to a “positive” rating in a research report on Tuesday, June 2nd. Finally, Piper Sandler started coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an “overweight” rating for the company. Three investment 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.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $840.64.

More Meta Platforms News

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

• Positive Sentiment: Meta is being viewed more favorably by some analysts because its AI-powered ads are reportedly improving advertiser returns, which supports revenue growth and suggests its AI spending is starting to pay off. Meta’s Capex Is Paying Off, But The Market Doesn’t Care
• Positive Sentiment: Reports that Meta may rent out excess GPU capacity and build a cloud-computing business are boosting sentiment, since investors see a potential new monetization avenue beyond digital advertising. Meta’s push into cloud computing means Wall Street has to prepare for lower margins
• Positive Sentiment: Meta’s broader AI strategy is also getting support from bullish coverage that argues the company is chasing a huge enterprise AI-compute opportunity and could eventually re-rate higher if execution improves. Senior Analyst: Meta Is Chasing A $2 Trillion AI Compute Opportunity, But It’s Years Behind
• Neutral Sentiment: Meta remains a highly followed stock, with traders and analysts continuing to debate whether its AI investment cycle will translate into sustainable earnings growth or just higher spending. Meta Platforms, Inc. (META) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Zuckerberg also acknowledged that Meta’s AI agents are progressing slower than expected, which reinforces investor concerns that some of the company’s ambitious AI initiatives may take longer to monetize. Zuckerberg says AI agent development going slower than expected
• Negative Sentiment: India reportedly asked Meta to delay its WhatsApp username rollout over fraud concerns, creating a potential regulatory hurdle for one of Meta’s most important messaging growth initiatives. India asks Meta to hold WhatsApp username rollout over fraud fears

Meta Platforms Trading Down 0.0%

Shares of NASDAQ:META opened at $582.88 on Monday. The firm has a fifty day moving average of $602.79 and a two-hundred day moving average of $628.06. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The firm has a market capitalization of $1.47 trillion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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. 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 quarter in the prior year, the company posted $6.43 earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. On average, equities analysts expect that Meta Platforms, Inc. will post 29.46 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s payout ratio is currently 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.